In ET All Trading Style are allowed we have on restriction on trading style. However, as our prop
trading firm is a business, and we want both the traders and the firm to succeed, So there are some
SOPs in terms of Trading which need to be followed to promote ethical and sustainable trading
practices that benefit both the traders and the firm.
Challenge Phase: During the Challenge phase, there are no specific restrictions on trading style,
except for high-frequency trading (HFT) that is not allowed. Rest all is allowed.
Funded Stage: 👋 Hey Elevate Traders!
As our prop trading firm is a business like any other business, and we want both the traders and the
firm to succeed, there are certain trading strategies which are very difficult to copy in the live
server that are not allowed during the Funded Stage. These prohibited strategies include:
Martingale Strategy: This is a high-risk strategy that involves increasing the trade size after a
loss with the aim of recovering the losses in a single trade.
This is a strategy that involves opening multiple orders in a grid-like pattern with
the hope that the price will move in a favorable direction, resulting in profits.
Account Sharing or Account Sale: This is when a trader shares their trading account with someone
else or sells their account to another person.
Trading on Delayed Charts: This is when a trader uses delayed charts instead of real-time charts to
make trading decisions.
Use of Guaranteed Compliance with Limit Orders:
This is when a trader uses a guarantee of compliance
with limit orders, such as take profit and stop loss, to manipulate the market.
Use of a Delayed Data Feed:
This is when a
trader uses a delayed data feed to make trading
Group Hedging Across Multiple Accounts:
This is when a group of traders work together to hedge their
positions across multiple trading accounts.
High-Frequency Trading (HFT):
This is when a trader uses computer algorithms to make trading
decisions at a very high speed.
“News trading 📰📈 does not result in a violation ❌ or termination ❎ of your challenge or funded
So, when you’re in the challenge phase of trading, news trading is allowed – this means you can
trade during important news releases without any issues.
However, once you’ve been funded and your account is running on live capital, things can get a
little tricky. There may be a tiny delay between your trades in your funded account and those being
copied over to the live capital server.
During news releases, the market can become very volatile, with lots of liquidity and high spreads.
This means that you may not get the exact same price for your trades in your funded account as you
would on the live server.
To make sure that everything runs smoothly and sustainably, we ask that you avoid trading during
news releases once you’re funded. Instead, we suggest that you wait until 3 minutes before or after
(06 minute window) the news release to execute any new trades or close any existing ones on the
relevant instrument. 👀
For example, let’s say that there’s a big news release coming up for the EUR/USD currency pair at
10am. If you have an open trade on the EUR/USD pair that was opened more than 3 minutes before the
news release, you’re allowed to hold onto that trade. However, if you try to open a new trade or
close an existing one on the EUR/USD pair during the 3 minutes before or after (06 minute window)
the news release, any profit you make won’t count towards your account balance. 😞
Just to be clear, we’re not saying that news trading is a violation or termination of your funded
account. We simply want to help you trade smarter and stay with us for longer! 💪