Help CenterIntroduction: Rules for Evaluation/Challenge Accounts 📜
At Halcyon Trader Funding, we provide a structured and supportive environment to help you succeed in the Forex markets. Our platform offers various account types, each with its unique benefits, but all follow a consistent set of rules to ensure fairness, consistency, and effective risk management. 💡
We’re not here to trip you up or throw confusing rules your way. As traders ourselves, we want you to have the best opportunity to earn from your hard work and dedication. 💪Understanding and following these rules is essential for a smooth and successful trading experience. 📈
In this article, we’ll outline the key rules that apply to Halcyon Trader Funding evaluation/challenge accounts. These guidelines are designed to clarify expectations, set boundaries for risk management, and maintain the integrity of the trading process. By familiarizing yourself with these rules, you can confidently navigate our platform and work towards achieving your financial goals. 💰
Let’s dive into the essential rules for all accounts. 🚀
1. News Trading Policy
• No News Trading: News trading is not allowed in any of the accounts.
Soft Breach: Violations will be considered a soft breach. Any profits
generated during a news event are subject to removal at the company’s
discretion.
Objective: Avoid front loading or front running news events. We aim to
fund consistent traders with a system/edge, not gamblers or news traders.
2. No Consistency Rule: There will be no consistency rule in place, giving traders
more flexibility in their trading. There is no consistency rule in sim funded!!
3. Minimum Trading Days Required
Every evaluation and challenge account will have a minimum of 5 trading days
required before the account is considered passed regardless of when the profit
target was reached. Meaning if a trader reaches the profit target on the accounts
second trading day the trader is required to place trades on 3 more trading days to
meet the minimum 5 trading day requirement.
This is it 3 rules and thats is all and one isnt even a rule its a benefit to our traders!!!
Challenge/Evaluation Accounts: No limitations on how many
challenge/evaluation accounts a user can purchase or how many can be active at
any one time.