Do You Have A Consistency Rule?
Do You Have A Consistency Rule?
1.) The first thing to note is that we require our traders participate in 5 minimum trading days for each withdrawal. Notably, executing 0.01 lot positions or employing placeholder trades of short duration falls short of meeting the criteria for a valid trading day during the funded stage. The process is straightforward: Trade according to your normal strategy for 5 separate days
2.) 50% Consistency Rule: no single trading day can be 50%+ of your total profit. This metric is calculated based on the day the trade was opened, and upon its equity, not the balance.
3.) Lot Size Consistency Range Rule (For Funded Paradise Traders) Your average trade size calculated at the time of your payout review is used to calculate a trading range. The range is determined by adding 100% to your average trade size to determine the maximum value and subtracting 75% to determine the minimum value. If your average trade size was 20 Lots. This means that any trades that fall within the range of 5 to 40 lots would be considered consistent with your strategy.
4.) If you are not within the “50% Consistency Rule” and you request a payout, your payout will be denied. Then your funded account balance will be reset and you may continue to trade again.
Trades that are inconsistent with the “Lot Size Consistency Range Rule” are subject to review/deduction from total profit split. The lot size consistency range calculation is determined by all closed orders on an account from the first trade into the requested withdrawal date. Your average trade is a final number which is calculated once a payout is requested.
To calculate your average, divide the total lot volume traded throughout the period by the total number of closed orders. After finding your average, simply multiply by 0.25 and 2.00 to find the bottom and top of your consistency range. Please note that orders that close within 2 minutes of each other will be treated as one order, after the consistency has been calculated, as the metric is based on closed orders. The consistency calculation occurs during the time of your payout request. The consistency rule applies to the funded stage, applicable to traders who pass the challenge via HFT bots.
Lot Size Consistency Range Calculation:
Total Lot Volume Traded/Trades Executed: Lot Size Average
Lot Size Average x 0.25: Bottom Of Consistency Range
Lot Size Average x 2.00: Top Of Consistency Range
