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How does the 3-day rule with 0.5% profit work?
How does the 3-day rule with 0.5% profit work?
Updated over a month ago

This rule was included for the purpose of avoiding gambling/gambling operations.

At the Senior Trader stage we require that at least 3 days be closed with 0.5% of the account in profit.

We require 3 different days where the sum of profitable trades opened and closed on the same day is more than 0.5% of the account.

Example:

I have a $100,000 trading account.

Only case where the rule is met.

  • Day 1: My trades earn at least $500 (0.5%) and I close them.

  • Day 2: My trades earn at least $500 (0.5%) and I close them.

  • Day 3: My trades earn at least $500 (0.5%) and I close them.

I open trades that earn at least 0.5% of the account and close them the next day.

  • Day 1: My trades earn at least $500 (0.5%) and I do not close them.

  • Day 2: My trades earn at least $500 (0.5%) and I close them.

For counting purposes this counts as a single day with at least 0.5%.

I open trades that are earning 1.5% of the account and close it after 3 days.

  • Day 1: My trades are earning 1.5% and I do not close them.

  • Day 2: My trades are earning 1.5% and I do not close them.

  • Day 3: My trades are gaining 1.5% and I close them.

For counting purposes this counts as a single day with at least 0.5%.

NOTE: Any trade refunds or bonuses made by Prop Number One are excluded from the day count.

Example

Prop Number One decides to give a 0.5% bonus to all of its customers who are being evaluated, this is not counted as a valid trade for the 3 days with minimum 0.5% gain.

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