As you move from the Challenge Phase to the Simulated Funded Phase with TopOneTrader, several key changes are implemented to help you manage risk effectively and maintain the standards required for consistent, responsible trading. Below are the significant changes:
1. Maximum Lot Size Restriction
In the Simulated Funded Phase, there is a maximum lot size restriction, which is not present during the challenge phase. This rule helps prevent traders from taking excessively large positions, reducing potential risks. Lot size restrictions vary depending on your account balance. For more details, refer to the TopOneTrader help article on lot size restrictions.
2. News Trading Restrictions
In the Simulated Funded Phase, traders face restrictions on trading during significant news events. News events can lead to high market volatility and unpredictable price movements. These restrictions are designed to protect both your account and the firm's capital. You can review these guidelines in the TopOneTrader help article on news trading.
3. Changes in Leverage Levels
Leverage levels also adjust slightly when you transition to the Simulated Funded Phase. These adjustments align with TopOneTrader's risk management protocols, ensuring responsible trading. For detailed information, refer to the TopOneTrader help article on leverage changes.
4. Change in Consistency Rule
When transitioning from the Challenge Phase to the Simulated Funded Phase, the Consistency Rule adjusts from 50% to 30%. In the Challenge Phase, no single day’s profit can exceed 50% of your total profit to pass. However, once you successfully transition to the Simulated Funded Phase, the consistency rule shifts to a 30% limit.
This means that in the Simulated Funded Phase, no day’s profit can exceed 30% of your total accumulated profits to qualify for payouts. This adjustment ensures that traders maintain consistent performance in live trading, promoting long-term success and reliability.
Note: These rules apply specifically to the 2 Step Pro account.
5. Can I use an Expert Advisor, API or HFT?
Using an EA / Trading bot on Simulated Funded Accounts is not allowed
You are welcome to use Expert Advisors (EAs) on 1-Step and 2-Step accounts during CHALLENGES (Using an EA / Trading bot on Simulated Funded Accounts is not allowed) to enhance and optimize your trading strategies. However, it is crucial for each trader to ensure that their EA settings and trading parameters are tailored to their individual trading style and account.
While it's permissible for traders to use the same EA or indicator as others, each trader must customize their settings to differentiate their trades. The use of hidden EAs or tools designed to conceal the use of an EA is strictly prohibited.
Additionally, commercially available EAs with automated trading algorithms are not allowed under any circumstances.
External API usage is not allowed on Simulated Funded Accounts
To maintain fairness and ensure the long-term sustainability of the firm and its traders, all external API usage has been disabled. This includes any third-party tools, applications, or services that connect to trading accounts via API, regardless of whether the access is read-only or execution-based.
As a result, analytics platforms, journaling tools, automation software, trade copiers, and similar services that require API access are not permitted.
This policy applies equally to all traders, with no exceptions, to ensure fairness for all traders.
Why These Changes?
These changes are designed to ensure that traders in the Simulated Funded Phase adhere to a higher standard of risk management, promoting long-term success and sustainability.
Understanding and adapting to these modifications will help you navigate the funded phase with confidence.
For any questions or assistance, feel free to contact our support team at [email protected]