The royal challenge phase 1 passing rules .

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  • By admin
  • 12 July, 2023

The Royal Challenge Phase 1 Passing Rules

Traders are allowed a maximum of 5% drawdown in a single trading day. Example: If your initial account balance is $100,000 then 5% of the amount is $95000.At any point in a day, if the (running + closed) loss exceeds $5000 it will be considered as '5% Daily Drawdown' rule violation.

The maximum drawdown is 10% and applies to challenges and funded accounts, calculated based on equity, not balance. If your equity drops below 90% of the initial equity, your account will be considered breached.

You're permitted to hold your trades overnight, but you're not allowed to hold trades over the weekend. all positions must be closed 15 minutes before the market closes on weekends. violations will result in the account suspension.

You Cannot Meet Your Profit Target in a Single Day and Trade. You Can Take a Profit Of 25% in a Single Day and Trade. More Than 25% Profit in a Single Day and Trade. Will Be Considered as Gambling and Your Account Will Be Closed.

Yes! You can trade during the news without restrictions.

Hedging or group hedging across multiple accounts: Hedging is allowed under the same account, but is not allowed across multiple accounts as it does not reflect a proper trading strategy. Grid Trading: This is where buy and sell orders for the same instrument are placed from different accounts on proprietary trading firms. Grid trading has potential for over leveraging and market manipulation, and is not allowed. Account Sharing: Account sharing between other individuals or entities is strictly prohibited.

Max Daily LOT Size Limit 1$ $10k Accounts , 2.5$ $25k Accounts, 5$ $50k Accounts, 10$ $100k Accounts, 20$ $200k Accounts..

The martingale strategy requires doubling down on a losing bet and continuing to double the bet every time it loses. At some point, the gambler will win, and will recoup the entire loss plus a profit. This is a statistical fact. And same time open a 10 plus trade in one side .Breaking the rule will lead to the account suspension.

Stick to Your Trading Plan: Develop a comprehensive trading plan that outlines your strategy, risk management rules, and goals. Consistently follow this plan without deviating based on short-term market movements or emotional impulses. Use a Defined Strategy: Have a clear and tested trading strategy that you understand well. Whether it’s based on technical analysis, fundamental analysis, or a combination of both, consistency in applying your strategy is essential. Maintain Discipline: Discipline is vital for consistent trading. This includes adhering to your entry and exit rules, avoiding over-trading, and not letting emotions dictate your decisions. Manage Risk Properly: Consistently apply risk management techniques, such as setting stop-loss orders and limiting the amount of capital you risk on each trade. This helps to protect your account from significant losses.

Whether your a fan of Support/Resistance, Candlestick Patterns, EA’s, Supply/Demand or Smart Money Concepts, you are free to use it on our simulated accounts. The most successful traders in the world all have different strategies/backgrounds, and we understand that. Although we enforce no restrictions during the evaluation stage, using the following strategies/approaches during the experienced trader stage is prohibited and will be subject to review: Grid Trading or Grid Trading Software's Martingale Trading Or Martingale EA’s Latency Arbitrage Hedging Orders Across Multiple Accounts Abusing The Volatility Of News By Placing Guaranteed Limit Order Fills Any Use Of Delayed Data Feeds For Risk-Free Profit Copy Trading Among Multiple Users On Our Platform Account Management By A 3rd Party

At the national level, hedging and stock speculation are not always considered legal tools of trading Forex risk insurance. Oddly enough, some hedging operations are prohibited even in the United States. One of the prohibitions concerns hedging in the Forex market. It is illegal in the United States to simultaneously buy and sell the same currency pair at the same or different strike prices. To ensure that hedged positions are prohibited, the CFTC (Commodity Futures Trading Commission) obliged authorized financial services provider to include an OCO (One Cancels Other) order in their platforms. This order prohibits buying and selling the same currency pair. The financial commission also applied the FIFO rule, which requires forex traders to close their open trades only in the order they were opened in. As such, the CFTC has established trading restrictions for Forex traders. However, forex hedging is illegal by a number of brokers around the world including many in the EU, Asia, and Australia.

We do not offer refunds to traders that fail to meet our challenge T&C’s.

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