Grid Trading is a practice where a trader uses a series of sequential trades in an attempt to average the price down to make large profits by statistically forcing the trade.
Grid trading parameters:
Instrument: Using the same instrument
Direction (Buy or Sell): The trades all have the same direction
Number of trades: Opening more than 3 trades on the same instrument and with the same direction.
This behavior that does not take into account risk management is absolutely prohibited in Prop Number One.
This practice is prohibited on Prop Number One, be careful even a purchased BOT or Software, if set with excessive parameters can cause you to incur this penalty.
Below are the rules and penalties applicable based on the number of warnings received.
What happens if I have been reported for Grid Trading?
Unlike all the other Prop Firms out there that disable your account with no way to recover it, in Prop Number One, where transparency is one of the values, we have developed ranges.
What happens with a first warning
Phase 1: Gets notified and profit not counted
Phase 2: Gets notified and profit not counted
Funded: Gets notified and profit not counted
What happens with a second warning
Phase 1: Disable account and challenge lost
Phase 2: Disable account and challenge lost
Funded: Disable account and challenge lost
Please Note:
Of course we will provide all the necessary evidence of our systems so that our users can also verify.
Please note that it is the trader's responsibility to ensure that the software and BOT purchased do not mediate prices, in any case once the sanction is detected the risk management will apply it unilaterally.