EVALUATION RULES & PARAMETERS

Permitted Products

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Engage in trading activities with the following approved instruments: 

CME: ES, MES, MQ, MNQ, YM, TB

CME: ES, NQ, RTY, MNQ, M2K, MES, NKD, BTC

FX: 6N, 6E, M6B, 6B, 6A, M6A, M6E, 6M, 6C, 6Y, 6S, E7

NYMEX: CL, QM, NG, QG, HO, MCL

COMEX: MGC, SI, HG, MHG, GC

CBOT: ZB, YM, MYM

Approved and Permitted Market Exchanges and Level 2 Data

Please note that to access the DXFeed Level 2 Data for the approved market exchanges, as shown below, you will pay $9.99 Monthly per exchange.

To access the Level 2 Data for all the exchanges, you will pay $29.99 Monthly.

(It’s important to remember that the monthly ongoing costs will be due on the 1st of every month. If you paid for the Level 2 data on the 20th of this month, you will be required to pay the monthly cost on the 1st of the upcoming month.)

Authorized Trading Hours

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Ensure that all positions/orders are fully closed by 3:15 p.m. Chicago Time. The trading day commences at 5:00 p.m. Chicago Time and ends at 3:15 p.m. the following day (excluding holidays and weekends). It is prohibited to open any new positions/orders between 3:15 p.m. and 5:00 p.m. Chicago Time.

Accounts found to be in breach of these trading hours requirements will be disabled in accordance with our trading rules and policies.

Maximum Position Size

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The size of your positions is determined by the chosen account size, and it represents the maximum number of open positions allowed across all products at any given time.

Target

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The Target is the minimum net amount a trader must achieve to qualify for a performance account.

Pro Drawdown EOD

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1. As your account balance increases, the  Pro Drawdown EOD will expand by a predefined distance.

2. The Pro Drawdown EOD is dynamically calculated at the End of the Trading Day.

3.  If your balance decreases, the Drawdown remains unaffected.

You can also view your Pro Drawdown EOD on the dashboard at the end of each day.

Once your Pro Drawdown EOD reaches your initial starting balance, it remains fixed for the duration of your evaluation. If your account balance touches or falls below this value, your Evaluation Account will no longer be eligible for funding. The Pro Drawdown EOD calculation considers simulated commissions and fees.

For example, if we take the $50,000 account, we have set the drawdown to $2500. If the trader then makes a $500 gain, this drawdown follows with exactly this amount. That means the account balance should not fall back to $47,500 to lose the account, but the account is already gone at $48,000. 
But if the trader has managed to make a gain of over $2500, then the drawdown will no longer follow but will remain at the initial balance. In this case, $50.000.

Maximum Evaluation Accounts

With 4PropTrader, you can have an unlimited number of Futures trading evaluation accounts.