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Rules

Merging Accounts
At this moment in time we do not support account merging. Each trading account must be traded separate, however you are more than welcome to use a trade copier within your accounts. We will consider allowing merging at a future date.
Maximum Trading Capital

The most any trader can manage will be $200,000 USD. This can consist of as many accounts as the trader wishes, but cannot add up to more than $200,000.

Our system right now has no way to detect or block traders from purchasing more than 200K in funding, so the responsibility falls on the trader. If you purchase more than 200K in funding, at time of withdrawal, our compliance team will verify manually and if you have purchased more than the allowed max funding, your profits on the most recent account that exceed the max funding will be voided, and you will be 100% refunded for the account purchase.

Time Limits

My HFT Funds has no minimum trading days or maximum trading days. You can pass in 1 day or 1 year.

Bots & EA’s

At My HFT Funds, we allow the use of certain Bots & EA’s however there are certain restrictions on the types of EA’s and bots that can be used.

Please note we only allow HFT bots to be used for the challenge phases. If you decide to use HFT bots on your live funded account, your account will be terminated.

Prohibited EA types:

 
  1. News Scalping EA’s: EAs that exist to take advantage of price fluctuations specifically during news events by executing rapid scalping trades.

  2. Arbitrage EA’s (Reverse and Latency) : EA’s that exist to capitalize on price differences between different markets or brokers, either through reverse trading or latency - related strategies.

  3. Multi-Account Reverse Trading EA: Any form of reverse mirror trading, that makes the inverse trade from one account to another.

  4. Tick Scalping: Bots that trade at extremely high speed based on tick-level price movements

  5. EA’s designed to abuse demo servers: Any EA designed to exploit a demo server environment

We highly recommend that if you plan to use an EA that it be your personal EA you have developed, not one that is available mass market.. We have a strict copy trading rule, where your trades cannot match the exact trades of another trader so we recommend you make your EA as unique as possible.

Failure to abide by the above rules will result in account termination.

News Trading

During all evaluation phases you may hold trades during news, and open trades when you want during red folder news events.
 
However for your funded account, profit from trades that are opened or closed within 10 minutes of a high-impact red folder news event will not be counted.
 
Red folder news trading within the 10 minute prior and after window, will result in profit deductions, but will not result in account loss. Profit deductions will be handled upon withdraw request.
 
We use Forex Factory as our red folder news reference. In case the news is present throughout the day, we use the MyFxBook form.
Ways To Fail A Challenge

There are only a few ways that you can fail the challenge or lose your funded account.

 

  1. Daily drawdown rule: Violating the daily drawdown rule on your account. Please read exactly how our daily drawdown rule works in detail.

  2. Maximum Drawdown rule: Violating the max drawdown rule. Please read exactly how our overall drawdown rule works in detail.

 

  1. Participating in a prohibited trading strategy, please read in detail in the prohibited strategy section.

Copy Trading

We understand that copy trading can be a useful tool and have developed the following guidelines.

  1. If you want to use a copy trader to send trades into your My HFT Funds account, you must be the owner of the account where the trades are originating from, and it must not be a demo account.
  2. You are not allowed to set up a copy trader from an account you do not own, from a friend, business partner or any other relationship. We will ask for verification and proof of account ownership.
  3. Please note we do not accept signal trading. The trades must be your own.
  4. You must take into account that the copying tool must have a static IP.

Failure to comply with the above copy trading rules will result in account termination for non compliance.

Overnight Trades
There are no restrictions on how long you can hold a trade during the week. However it is very important you understand that keeping trades open over night will incur swap fees and subject to potential spread volatility.
Consistency Rule

For a limited time only we are enforcing a consistency rule, since we are allowing traders to pass with HFT bots. Once we no longer allow HFT, we will also remove the consistency rule. Please see below for details.

Traders must participate in 5 minimum trading days for each withdrawal.

At the time of requesting a withdraw we will review your trading history, and adjust your balance for any trades that fall outside of your trading range.

To determine your trading range you must first calculate your average trade size.

Divide the total lot volume you have traded by the number of executed trades to find your average lot size.

Example:

100 total lots traded

50 total trades executed

100 lots divided by 50 trades = Average lot size of 2

Now to determine your average lot size range check below

Average Lot Size x 0.25 = Bottom of your range

Average Lot Size x 2.00 = Top of your range

In our example above

2 x 0.25 = 0.5 Lots

2 x 2.0 = 4 Lots

So your trades must be between 0.5 and 4 lots. Any trades that fall out of the range will be removed at time of withdrawal plus you cannot have 1 trade make up more than 33% or more of your profit, considering that partial closures belong to the initial operation.

Profit Share & Payouts

Once you receive your funded account the following payout schedule applies:

First payout eligible within 21 days of first trade.

Second payout within 21 days of first trade for new trading period.

After Second payout, all withdraws eligible within 14 days of first trade for each new trading period.

Profit share scales as following

Withdraw 1 = 50% Profit Share

Withdraw 2 = 70%

Withdraw 3 = 80%

Withdraw 4 = 90%

After you make 4 withdraws, you graduate to our My HFT Funds Prime program and can now request withdraws after 7 days from your first trade PLUS a 100% profit split.

Please note you must withdraw 100% of your profits each time you withdraw.

Can I Hold Trades Over The Weekend
You may hold trades over the weekend during the evaluation phases. You cannot hold over the weekend once you have your funded account. If you do not close your trades by market close on Friday, this will result in a hard breach and the loss of your funded account.
Prohibited Trading Strategies

At My HFT Funds, we accept almost all trading practices however we are looking for professional traders who understand how to manage large capital and manage risk. We are not looking for gamblers, or traders looking to manipulate the system. Below are the practices / strategies we do not allow. As a result of being an HFT friendly firm, we do understand we have stricter rules than most, but this is due to our elevated risk of not being able to assess a traders behavior prior to entering the funding stage.

  • Copy Trading
    1. You cannot use signals, copy trading, group trading or any other activity that would result in the same trades from other traders.
  • Reverse Trading / Group Hedging
    1. Hedging or executing reverse trades within a single account is permissible however doing it across different accounts and account owners is not accepted. You cannot open a sell trade on one account and a buy trade on the other of the same pair.
    2. Group hedging involves individuals opening opposing positions across one or multiple prop firms ensuring one position always wins. All accounts found to be partaking in this practice will be banned.
  • Account management services:
    1. Purchasing account management services or letting someone else trade for you will not be tolerated in any way.
    2. Sharing accounts and letting someone trade your account is strictly prohibited.
  • Grid Trading
    • identifying Grid Trading Is subjective to our fraud department but more often than not we use the following points
      • Determining the starting price for the grid.
      • Choosing an interval, such as 5 pips, 25 pips, or 50 pips.
      • Determining whether the grid will be with-the-trend or against the trend.
      • Adding on trades as it goes into draw down
    • Trade Stacking
      • Having 2 trades open at a time is not considered as stacking or layering , however, once there are 3 or more positions open for the same instrument, in the same direction. You will lose your funded account. An example being you open 3 XAU BUY trades without closing any of the prior ones.
    • IP Management
      • The IP address from which you log in to your master account should remain consistent. If we detect multiple IP addresses logging into your account, our system will consider this a fraud violation for potential account management. Please note that if two individuals are operating from the same location for any reason, it is mandatory for them to use a VPN. Please contact support if you have any questions.
    • Martingale Trading / EA’s
    • Latency Arbitrage
    • Guaranteed Limit Order Fills On News Events ( Buy and Sell Stop Orders On News Events)
    • Please note trades that are opened for less than 2 minutes, will not be counted towards your profit. This is to avoid any HFT like trading activities.

Please note any traders found partaking in the above strategies will be subject to losing there challenges / funded accounts.