It’s a rules based challenge that TraderEquity has developed to allow new and developing traders the ability to prove their profitable.
This will then enable them once they pass to access funding and scale their strategy all whilst being paid out monthly.
The whole idea behind the Fully Funded Path is to give us enough data to see that you have a clear mathematically edge in the market.
This is known as Positive Expectancy E (R) = (PW x AW) - (PL x AL)
E (R) = Expected Return
PW = Probability of Winning
AW = Average Win
PL = Probability of Losing
AL = Average Loss
If you have a clear mathematical edge this will be shown clearly over a large data set.
Prove to us that you can trade profitably without breaking a rule.
Hit the profit target of $5000 USD net profits with a minimum of 40 trading days and 200 round trip trades without breaking a rule.
Once you've completed The Fully Funded Path and proven yourself as a profitable trader, we will then start you off in the live account with the same risk settings to start.
You then are required to get to the same profit target live before we pay you out. This ensures there is a buffer for you to scale from. Once you have a full buffer in place there is also more flexibility.
Our goal is to scale you up as large as possible based on your performance. If your performance does not meet the requirements at any stage we reserve the rights to transfer you back to the simulator.
The main rules are as follows;
- Do not break the max daily loss.
- Do not break the max drawdown.
- Do not short when SSR is on.
- No odd lots.
- Do not hold positions overnight.
You will be sent an email explaining the rules in detail after you sign up.
Whilst there can be some flexibility in the rules, we want this to be as similar to live as possible.
If you break the $200 Max Daily Loss we ask that you close all positions down before $250 doing this and you will retain your progress. If however you breach the $250 you won't be able to close any positions and you will be reset for free the next trading day.