What are the trading rules and guidelines at ShareAFunds.com?
At ShareAFunds.com, trading rules and guidelines are designed to ensure fair and consistent trading practices. Here are the key rules and guidelines:
1. Profit Targets and Drawdown Limits
- Profit Targets: You must achieve specific profit targets within the designated challenge phase.
- Drawdown Limits: Adhere to the daily and total drawdown limits set for each challenge. Exceeding these limits may result in disqualification.
2. Trading Hours
- Overnight and Weekend Trading: Trading is allowed overnight and over weekends. Be mindful of potential risks such as market gaps and reduced liquidity.
- News Trading Restrictions: Avoid trading within 2 minutes before and after major news events to prevent potential violations.
3. Risk Management
- Lot Size: Follow any lot size limitations based on your account leverage and available equity.
- Stop Loss and Take Profit: Use stop loss and take profit orders in accordance with trading strategies and risk management practices.
4. Account Management
- Password Changes: Do not change master or investor passwords during the challenge, as it can lead to disqualification.
- Account Combining: You are allowed to combine accounts before executing your first trade but not during the phases.
5. Scalping and High-Frequency Trading
- Scalping: Allowed on all challenges but avoid trading during major news events. Specific restrictions apply to certain account types.
6. Use of Expert Advisors (EAs)
- Permitted: EAs are allowed but must be approved by ShareAFunds. Contact support at ea@shareafunds.com for approval.
7. Trade Copiers
- Allowed: Trade copiers can be used but cannot copy other accounts. Ensure compliance with platform rules.
8. Inactivity and Account Management
- Inactivity Penalties: Accounts inactive for more than 30 days will be disabled. Prolonged inactivity may lead to account review or closure.
9. Violation of Terms
- Cheating and Fraud: Any form of cheating, fraud, or abuse of the simulated environment is strictly prohibited and may lead to account suspension or termination.
10. Support and Assistance
- Customer Support: Available through email, live chat, WhatsApp, and Telegram for any questions or assistance with your account.
Make sure to thoroughly review the specific rules and guidelines for the challenge you are participating in, as well as any updates or changes to the trading policies on ShareAFunds.com.
Here are the updated trading rules for the evaluation phase at ShareAFunds.com:
Trading Rules for Evaluation Phase
Single Trade Loss Limit
- Maximum Loss: A single trade loss cannot exceed 2% of your account equity.
- Trade Window: Closing two trades within a 4-minute window will be considered a single trade for the purpose of this rule.
- Breach Policy: Violations of this rule will be considered a soft breach. Traders will receive one warning, and subsequent violations will result in account breach.
- Example: If you take a trade and incur a loss, the maximum allowable loss on that trade is $2,000 (2% of $100,000). If you close two trades within a 4-minute window, their combined loss will also be considered as one trade for this rule.
Daily Profit Limit
- Daily Profit Cap: The profit made in a single trading day must not exceed 2.5% of your account equity.
- Profit Deduction: Any profit above this limit will be deducted from your evaluation account balance.
- Example: On a given day, the maximum profit you can make is $2,500 (2.5% of $100,000). If you make $3,000 in profit, $500 will be deducted from your account balance
Profitability Requirement
- Profitable Days: You must have at least 4 profitable days, with each day showing a minimum profit of 0.5% of your account equity.
- Example: For a $100,000 account, you need to achieve at least $500 in profit on each of 4 separate trading days. If you meet this requirement, you demonstrate consistent profitability.
Daily Loss Calculation
- Loss Calculation: Daily loss equity will be calculated based on the higher value between your account balance or equity.
- Example: If your account equity is $99,000 and your balance is $98,500 at the end of the day, the daily loss will be calculated using the higher value of $99,000. If the maximum allowed daily loss is 3%, you can have a daily loss of up to $3,000 (3% of $99,000).
- Example: If your account equity is $99,000 and your balance is $98,500 at the end of the day, the daily loss will be calculated using the higher value of $99,000. If the maximum allowed daily loss is 6%, you can have a daily loss of up to $6,000 (6% of your 99,000).
These guidelines are intended to ensure disciplined trading and effective risk management throughout the evaluation phase. Adhering to these rules is essential for successful completion and progression in the evaluation process.
Here are the trading rules for the funded phase at ShareAFunds.com:
Funded Phase Trading Rules
Single Trade Loss Limit
- Maximum Loss: A single trade loss cannot exceed 2% of your account equity.
- Trade Window: Closing two trades within a 4-minute window will be considered a single trade for the purpose of this rule.
- Breach Policy: Violations of this rule will be considered a soft breach. Traders will receive one warning, and subsequent violations will result in account breach.
- Example: If you take a trade and incur a loss, the maximum allowable loss on that trade is $2,000 (2% of $100,000). If you close two trades within a 4-minute window, their combined loss will also be considered as one trade for this rule.
Daily Profit Limit
- Daily Profit Cap: The profit made in a single trading day must not exceed 2.5% of your account equity.
- Profit Deduction: Any profit above this limit will be deducted from your funded account balance.
- Example: On a given day, the maximum profit you can make is $2,500 (2.5% of $100,000). If you make $3,000 in profit, $500 will be deducted from your account balance.
Profitability Requirement
- Profitable Days: You must have at least 4 profitable days, with each day showing a minimum profit of 0.5% of your account equity.
- Example: For a $100,000 account, you need to achieve at least $500 in profit on each of 4 separate trading days. If you meet this requirement, you demonstrate consistent profitability.
Daily Loss Calculation
- Loss Calculation: Daily loss equity will be calculated based on the higher value between your account balance or equity.
- Example: If your account equity is $99,000 and your balance is $98,500 at the end of the day, the daily loss will be calculated using the higher value of $99,000. If the maximum allowed daily loss is 3%, you can have a daily loss of up to $3,000 (3% of $99,000).
- Example: If your account equity is $99,000 and your balance is $98,500 at the end of the day, the daily loss will be calculated using the higher value of $99,000. If the maximum allowed daily loss is 6%, you can have a daily loss of up to $6,000 (6% of your 99,000).
Trading Rules Compliance
- Adherence to Rules: All trades must be executed in compliance with ShareAFunds’ trading rules and risk management guidelines.
These rules are designed to maintain consistent trading practices and effective risk management during the funded phase. Adhering to these guidelines is crucial for maintaining your funded status and ensuring long-term success.
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