Trading Guidelines

Having a tranquil state of mind is of utmost importance for concentrating on your simulated trading performance. We are committed to preventing undue stress for our simulated traders, which is why there are no restrictions on the simulated Trading Period at TradersEdgeFX. With us, you have the freedom to take the time you require to achieve your Profit Target.

To fulfill this objective, you must actively participate in simulated trading for a minimum of 0 days for evaluations. For TEFX simulated trader account a minimum of five days within the current payout cycle’s timeframe. Each of these days, you are required to initiate at least one simulated trading position. A trading day is defined as any day when at least one simulated trade is executed. If a simulated trade extends over multiple days, only the day of its initial execution is counted as a trading day.

This requirement is also called the “Daily stop-loss for simulated traders.” As per our goals, this limit is established at 6% of the initial account balance. The stipulation states that at any time during the day CEST  = Central European (Summer) Time or GMT +3, the combined outcome of all closed positions, in addition to the ongoing floating profits and losses, must not breach the designated daily loss threshold.

Today’s cumulative loss equals the outcomes of closed positions for the day combined with the results from open positions.

This requirement is alternatively known as the “account stop-loss for traders.” Throughout the account duration, the equity of the trading account must not, at any point, fall below 88% of the initial account balance. In the case of a TradersEdgeFX Challenge with a $100,000 balance, this implies that the lowest permissible equity for the account can be $88,000. Once more, this encompasses both closed and open positions, focusing on the account’s equity rather than its balance. The calculation methodology aligns with that of the Maximum Daily Loss, with the exception that it extends beyond a single day to cover the entire testing period. Commissions and swaps are factored into this limit.

Having 12% of the initial account balance as a buffer provides traders with the opportunity to demonstrate the account’s suitability for investment and protects TradersEdgeFX. It serves as a safeguard, ensuring that traders remain actively engaged in trading even in the event of initial losses. 

The Profit Goal in a TradersEdgeFX Challenge is configured at 8% of the initial balance and 5% during the Validation Step. The profit goal signifies that a simulated trader achieves a profit equal to the cumulative gains from closed positions on the designated simulated trading account at any point within the boundless simulated trading period.  It’s important to be aware that, to progress to the subsequent stage, all positions must be closed.

For instance, if you are participating in a TradersEdgeFX Challenge with an initial account balance of $100,000, your profit goal would be $8,000 in the TEFX Challenge phase and subsequently $5,000 during the Validation phase. 

The Simulated Evaluation fee will be refunded to you with the initial Profit Split once you attain TradersEdgeFX Trader status.