To ensure a successful trading journey in the Stellar 2-Step Challenge, it's essential to adhere to the following guidelines and restrictions:
Maximum Daily Drawdown: Traders are allowed a maximum daily drawdown of 5% of their initial account balance.
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Maximum Overall Drawdown: The overall maximum drawdown permitted is 10% of the initial account balance. This means the account balance or equity cannot drop below 90% of the initial balance at any time.
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Minimum Trading Days: Traders are required to execute a minimum of 5 individual trades on 5 separate days throughout the Stellar 2-Step Challenge. Consecutive trading days are not mandatory.
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Copy Trading: Traders can engage in copy trading from their own FundedNext Accounts, prop firms, or retail brokers. However, copying trades from accounts not owned by the same individual, including those of relatives or friends, is strictly prohibited.
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IP Address: To ensure a secure trading environment, it's recommended to use a single device with a unique IP address during trading activities.
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VPN/VPS Service: Clients can use VPN and VPS services for platform access. Paid VPNs and VPS services with dedicated IP addresses are recommended to ensure consistency and security.
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EAs/Indicators: Traders are permitted to use Expert Advisors (EAs) and indicators to enhance their trading strategies, ensuring parameters are tailored to their individual trading styles and accounts.
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Restricted Trading Strategies: Any form of cheating or exploitation of the platform is strictly prohibited and goes against FundedNext's Terms of Service (TOS). Traders should thoroughly review and understand the Terms of Service to avoid unintended consequences.
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