What are the rules for funded Funded Sim and Funded Live traders?

TradeDay tries its best to remain consistent across the Evaluation, Funded Sim, and Funded Live accounts.

When you pass the Evaluation, you are still required to trade within our Permitted Times, Permitted Products, and Permitted Position size guidelines, but accidental breaches are not considered a rule violation (only traders continually abusing these guidelines will lose their account).

These rules apply to both the Funded Sim and Funded Live traders.

• Rule 1: Do not hit or exceed the maximum drawdown. This is the maximum amount you can lose (the limit is calculated according to the evaluation you have purchased, EOD, Intra Day, or Static)
  
• Rule 2: Funded Traders are not permitted to trade within 2% of a price limit. Traders in breach of this policy will lose their funded account. For further details, click here.

There is an additional policy Funded Live traders need to be aware of:  Slippage risk management rule policy on reducing position limits

The position limit and the maximum drawdown are set according to the program you graduated from.

If you have a trailing maximum drawdown, it will freeze when it reaches your starting account balance. However, from this point on, your Funded Live account will not be allowed to go into a negative balance, or your Funded Sim account will not be allowed to go below the starting account balance. If it does, you will be stopped from trading and lose your funded trading account.

If you lose your funded trading account, any profits you have will be returned to you (after the profit share with TradeDay), except for the following:

• All profits from trading tier 1 data releases, trading in breach of our permitted times.
• Traders found to be in breach of our prohibited trade practices. 
• Traders found to be continuously abusing our permitted Times, Permitted Products, or Permitted Position Size guidelines.
• Profits earned in a simulated account.