At FuturesElite, we are dedicated to providing a transparent and fair trading environment where traders can develop their skills and strategies with integrity. We understand that trading in a simulated market differs from live markets, and certain strategies that may seem effective in the simulated environment can lead to poor results in live trading. To maintain the quality and fairness of our program, we’ve outlined clear guidelines on what is acceptable and what is not.
We believe in building a space where traders can grow, learn, and succeed. While we encourage creativity in trading strategies, there are some practices that simply do not align with our mission of preparing traders for real market conditions.
What Is Allowed:
- Variety in Trading Styles: We embrace diverse trading strategies, including day trading, swing trading, scalping (within reasonable limits), Martingale, grid trading, and more.
- Manual Trading: Engaging actively with your trades shows skill and decision-making ability, which we value in our traders.
- Thoughtful Risk Management: We encourage the use of stop losses and other risk management tools to protect your capital. Responsible risk management is the foundation of long-term trading success.
What Is Not Allowed:
- AI and Bots: Fully automated trading using AI or bots is not permitted. We want to see traders applying their skills rather than relying on algorithms to do the work.
- Order Fill Manipulation: Placing multiple limit orders at the same price to manipulate order fills is strictly forbidden. This disrupts the fairness of our environment.
- Exploiting Market Gaps: Attempting to profit from isolated fills in gapped or illiquid markets goes against the spirit of fair trading. We expect traders to avoid taking advantage of these market conditions.
- Account flipping: Any pattern of trading activity involving a payout request, account breach, followed by another payout request, breach, and so on, is not allowed. This is an example of flipping. A trader’s goal should be to reach and maintain a sustainable live account.
- No Slippage Exploitation: Using tight brackets and exploiting the absence of slippage to gain an unfair advantage is prohibited. Trading should mimic real-world conditions as closely as possible.
- Passing Challenges with one trade: Passing a challenge with only one trade is not accepted as it would defeat the purpose of the evaluation itself, you may not pass the challenge with one trade being more than 90% of the profit target.
- Hedging or reverse trading: Hedging and reverse trading cannot be conducted using different accounts, multiple users, or within the same challenge.
- Multiple Countries Access: Traders accessing their accounts from multiple countries (e.g., a trader logging in from the USA and then Vietnam) may be flagged for potential account sharing or unauthorized account management.
- IP sharing: Multiple accounts belonging to different traders using the same IP address is prohibited.
- Copy Trading: Copying trades from other traders’ accounts is prohibited. However, you are allowed to copy trades between your own accounts without any restrictions.
- Collaborative Trading: Coordinating with others to execute the same or opposite strategies across multiple accounts, often known as “Group Trading,” is not allowed. Each trader should trade independently.