Policy Description
At ETX, we've implemented a Fair Play Consistency Policy that enforces a 50% consistency rule in the funded stage to identify and reward skilled traders who show consistency in their strategy.
Consistency Rule:
You will be unable to request your performance reward if any single trading day accounts for more than 50% of your total gains.
If this threshold is exceeded, your account will not be breached. However, you must continue trading and generating gains until no single trading day contributes more than 50% of the total profits.
The consistency rule will reset after every performance reward.
This policy helps us find traders who are a good fit for ETX, as making a big gain on a single day does not necessarily demonstrate consistent trading skills. We evaluate trading behavior and data to make informed decisions, allowing us to identify and grow with ETX.
(Slide ->)
Phase | Rule |
Challenge Phase | Rule does not apply |
Simulated Funded Stage | 50% consistency rule: Gains from one trading day cannot be greater than 50% of total gains made. If exceeded, no Performance Reward request is allowed until compliance is met. |
Example 1: Assumptions (Slide ->)
Parameter | Value |
Account Size | $200,000 |
Total Gain (10 Days) | $20,000 |
50% Threshold | $10,000 |
Example 1: Daily Gains (Slide ->)
Day | Gain | Cumulative Gain |
1 | $3,000 | $3,000 |
2 | $4,000 | $7,000 |
3 | $2,000 | $9,000 |
4 | $5,000 | $14,000 |
5 | $2,000 | $16,000 |
6 | $2,000 | $18,000 |
7 | $1,000 | $19,000 |
8 | $1,000 | $20,000 |
9 | $0 | $20,000 |
10 | $0 | $20,000 |
Total Gains | $20,000 |
|
Example 1: Compliance (Slide ->)
Condition | Status |
No single day’s gain exceeds 50% threshold ($10,000) | Compliant |
Example 1: Analysis (Slide ->)
Category | Days |
Gain Days | 1, 2, 3, 4, 5, 6, 7, & 8 |
Loss Days | n/a |
No Gain/No Loss Day | 9 & 10 |
Highest Gain Day | $5,000 (Day 4) |
Explanation for Example 1
In this example, you have multiple gain days and no losing days, achieving a total gain of $20,000 over 10 days. The highest gain in a single day is $5,000, which is within the 50% threshold of $10,000. Therefore, you are compliant with the 50% consistency rule and can upgrade and/or request a Performance Reward. This demonstrates consistent trading behavior and proper risk management, making you a potential good fit for ETX.
Example 2: Daily Gains (Slide ->)
Day | Gain | Cumulative Gain |
1 | $1,000 | $1,000 |
2 | $500 | $1,500 |
3 | $500 | $2,000 |
4 | $6,500 | $8,500 |
5 | -$500 | $8,000 |
6 | $500 | $8,500 |
7 | $500 | $9,000 |
8 | $500 | $9,500 |
9 | $500 | $10,000 |
10 | $0 | $10,000 |
Total Gains | $10,000 |
|
Example 2: Compliance (Slide ->)
Condition | Status |
No single day’s gain exceeds 50% threshold ($5,000) | Non-Compliant |
Example 2: Analysis (Slide ->)
Category | Days |
Gain Days | 1, 2, 3, 4, 6, 7, 8, 9 |
Loss Days | 5 |
No Gain/No Loss Day | 10 |
Highest Gain Day | $6,500 (Day 4) |
Explanation For Example 2
In this example, the user has several gain days and one losing day but achieves a total gain of $10,000 over 10 days. However, the highest gain in a single day is $6,500, which exceeds the 50% threshold of $5,000. Therefore, the user is non-compliant with the 50% consistency rule and cannot upgrade and/or request a Performance Reward request until compliance is met.
Note: The consistency rule will reset after every Performance Reward Issued.