Axestreet Rules

1. Mandatory Stop-Loss Placement
Traders are required to place a stop-loss on each trade within 5 minutes of executing the trade. Disclaimer: If a trader passes the assessment with 1-3 breaches of this rule, the profits generated from the breached trade(s) will not be factored into the calculation of the assessment split.
2. Economic News Release
You cannot open a trade 5 minutes before and 5 minutes after a high impact news release. Holding during news is allowed. Disclaimer: If one breach occurs and the trader passes the assessment, the profit from that breached trade will not be factored into the calcuation of the assessment split.
3. Daily drawdown 4%
Your account balance cannot go below 4% of the previous day's closing balance. (Balance based)
4. Trailing drawdown 8%
Your total drawdown cannot go below 8% of the last peak in your account. (Balance based)
5. Total Open Risk ( less than or equal to 2%)
Your risk across all open positions cannot exceed 2% of the account balance. Disclaimer: If your total open risk exceeds 2%, then our system will automatically close all of your trades to help protect your account. This will also trigger a breach. If an account passes the assessment with 1-3 soft breaches of this rule, the profit from that soft breached trade(s) will not be factored into the assessment split.
6. EAs
Using expert advisors (EAs) is prohibited. Accounts suspected of using an EA will be subject to review including manual review and if the use of an EA is determined, then a hard breach will be administered and that account will be closed.
7. Inactivity (10 Trading Days)
Traders must not be inactive for 10 consecutive trading days
8. Average Risk Profile
Traders are not permitted to increase or decrease their risk per trade by 50% of their average risk per trade. A trader's average risk per trade will be assessed over a rolling period of 10 trades. Disclaimer: If a trader passes the assessment with 1-3 breaches of this rule, the profits generated from the breached trade(s) will not be factored into the calculation of the assessment split.
9. High Frequency Trading
High Frequency Trading (HFT) is prohibited.
10. Copy Trading
Copy trading is prohibited
11. Minimum Required Trading Days
Minimum required trading days of 40 trading days
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