FundedNext does not impose any limitations or restrictions on trader's strategy, whether it involves discretionary trading or EAs that employ martingale strategies to generate profits. While traders have complete freedom when it comes to their trading style, But traders are expected to maintain the same strategy throughout the FundedNext Challenges and the FundedNext Account to reflect genuine trading skills and consistency.
To clarify, the following practices are not permitted:
Using an EA or trading bot to pass the challenge account and then switching to manual trading in the FundedNext Account (or vice versa) is not allowed.
For an example: A trader trades manually during Phase 1 and Phase 2. After obtaining a FundedNext Account, they switch to using an Expert Advisor (or vice versa). This is strictly prohibited. The manual trading strategy was proven during the Challenge Phase and is recognized by the system. It forms the basis of the FundedNext Account. However, the Expert Advisor's trading strategy is entirely unknown to the system, making it impossible for us to monetize the trading flow.
Utilizing specific asset classes, symbol categories, specific margin or risk usages to pass the evaluation phase and then switching to entirely different asset classes or symbol categories and significantly increasing the margin utilization or risk usages in the FundedNext Account, is prohibited.
For an example: A trader uses forex pairs like EUR/USD with lot sizes of 2-4 to pass the FundedNext Challenges Account, but switches to commodities like Gold (XAU/USD) and significantly increases margin utilization in the FundedNext Account. This indicate a gambling to make a quick profit, which is not a professional sign.
The strategy used to pass the Challenge is proven, and it forms the basis for obtaining a FundedNext Account. It is important for traders to demonstrate consistency by using one coherent strategy to pass the Challenge Account and continue with the same approach in the FundedNext Account. Switching to a different strategy in the FundedNext Account goes against the core principles of an evaluation-based prop firm. Any breach of these guidelines may lead to account review and potential suspension and reward denial.
Certain unconventional trading practices, which exploit market norms and disrupt fair trading conditions, are strictly prohibited on the FundedNext platform.
To get more information regarding the prohibited trading activities, kindly click here.