#Drawdown rules code

Therefore, if you achieved a profit of 10% or more within a 3-month period consecutively, your account size will be increased by 20% on request. Scaling UpĬonsummate traders aim at offering an incremental payout system to traders. However, we will not issue any payout of your profits if our review showed that you participated in risky trading and breached a drawdown rule. If you follow a proper risk management practice (Position size, number of trades etc), we may be forgiven to issue you your profit at the time of termination if appealed. NOTE: Consummate traders may review a terminated account if a trader breached a drawdown rule whilst in profit. Breaching this will result in a termination of account. The Evaluation phase offers an overall drawdown limit of 12% and a 6% daily drawdown of starting equity of the day. Below is how traders will get paid in the evaluation phase: Profit SplitĪfter the evaluation phase consummate traders will pay you at the end of the first month and subsequently you get paid monthly.

#Drawdown rules code

We advise traders to send us their source code if they wish. ANYONE part-taking in such activities will have their trades adjusted to the executed fill price that we have received from the liquidity pool and will consequently result to account suspension and subsequently termination. We DO NOT allow latency arbitrage, reverse arbitrage, gap trading, high-frequency trading (HFT), opposite account trading or any trading activities that take advantage of the inefficiencies of MetaTrader platform. Expert AdvisorsĬonsummate Traders allow EA trading. Traders can hold trades overnight and over weekends, but only CRYPTOCURRENCIES can be traded on WEEKENDS. NOTE: Every now and then, product list may be updated based on the availability of liquidity, margin leverage and other factors, and we may remove a product should there be users not passing the evaluation phases due to those products. Instruments and Trading HoursĬonsummate Traders offers some of the best products available for traders, you can trade FOREX, INDICES, CRYPTOCURRENCIES, COMMODITIES, STOCKS and CFDs. But traders should note that the market has the highest volatility during events and news. However Consummate Traders ALLOW news trading, swing trading, scalping etc. We advise traders to be wary of their risk management profile, therefore, having a good trading plan, strategy and risk management will enable you complete the evaluation. This means that no user can have more than $600,000 in total across all their funded accounts at any given time.

The maximum funded accounts per user is $600,000. You are required to achieve a profit target of 5% for this phase. Phase II Evaluation: This phase overall confirms that yes indeed you are a good trader that follows rules. You are required to achieve a profit target of 8% for this phase. Phase I Evaluation: This phase is set to test your skills and ability to manage risk. We give enough time for traders to scale to the next phase, if you didn’t hit the target at the end of the specified time, get in touch so we can consider giving you an extension or retake the evaluation. The number one technique in becoming a good and successful trader is proper risk management.