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What are the Consistency Rules for PA and Funded Accounts?

Darrell Martin
Darrell Martin
  • Updated

Evaluations have no consistency rules. However, PA and Live Accounts have consistency rules as explained below. You will understand the consistency rules by first reading what Apex Trader Funding wants and doesn’t want.

For PA and Live Funding Accounts:

As a partnership, Apex is in search of reputable traders who show their abilities to grow their accounts at a STEADY, building, compounding pace. 

Growing your account this way exemplifies the discipline of a consistent strategy that is traded ongoing day-to-day. Not the erratic trading with wild swings up and down, or having unrealistic profit amounts that are not realistic in real-time markets.

Trader funding and paid performance is designed to be a long-term relationship.

Apex wants to fund and pay out traders who follow a consistent plan in size, stops, and targets. This means not trading the maximum or larger-than-usual contracts on one trade, while trading micros for the rest of their time. 

Apex doesn’t want traders who flip contracts just to show a trading day, constantly change sizes, employ dollar cost averaging when the market moves against them, or do high-frequency trading. 

 

The 30% Rule

At the time traders submit a withdrawal request, the balance in the account cannot consist of more than 30% of the profit balance being from a single trading day.

Except for being unable to withdraw at that time, there is no penalty for having more than 30% profit from a single trading day. Simply continue trading consistently until the 30% profit balance is no longer the case. Then, request a withdrawal on the next available payout date.

The 30% rule is NOT a hard and fast rule. It exists to discourage schemers, and traders who trade using an erratic, windfall, high-risk, all-in style of trading.
(Note: This 30% rule is reviewed from Approval to Approval.)

 
 

Traders must have a defined strategy or system with set rules for entries, stops, targets, and trailing. They will follow their rules consistently and with discipline. Traders will use a normal day-to-day system that is set, tracked, and explainable upon request.

Purposely and irresponsibly blowing multiple company accounts in an attempt for a “lottery style lucky windfall” is not the purpose or the intent of Apex Trader Funding. 

If you were funding a trader, you wouldn’t want your funds traded by an inconsistent trader who blows through many accounts.


News Trading

Apex strictly prohibits news trading in any way, shape, or form. This includes directional, straddles, strangles, riding the initial news burst, and entering a trade right before or after news, in order to ride a potential wave.

Traders may trade their normal trading system during news times, entering on standard entry rules they use each day. Traders may never be long in one account and short in another at the same time. This applies to your own accounts and in conjunction with other traders. Any group or partner schemes will result in complete closure and forfeiture of both party’s accounts and banning from the Apex Trader Funding website.


The 20% Rule

Any kind of flipping cannot make up more than 20% of a trader's trading days. Remember, Apex wants to see traders who are consistent, using normal day-to-day trading systems. Don’t ever use strategies in order to reach a payout request date or placing a trade “just to show a trading day.” 


Note: Trading of PA and Live Accounts must only be done by the individual listed on the account and PA Contract and no other person.


Automation

AI, Autobots, Algorithms, Fully Automated Trading Systems or software, High Frequency Trading (HFTs), or any other automated trading is prohibited on the PA or Live accounts.

It is strictly prohibited to use any type of hands-off, set and forget, set and walk away, trading continuously  24-hour-a-day as well as any other type of automation, including those listed above. Using those types of automation will cause the closure of the PA or Live account and forfeiture of all funds and balances.

Full trader monitoring and presence at all times must accompany the use of semi-automated software. This means the trader must be present, watching the trades, managing the entries and the settings on the semi-automated software. This software assists in placing a trade based on a set of rules that the trader is actively monitoring, adjusting the software for market moves, longs, shorts, pausing, news awareness, and market conditions, etc.

Semi-automated trading or a trade assistant should be turned off and on as market conditions begin to set up for a trade, or as they deteriorate. Remember, it is to be used as a means to help with the speed or accuracy of placing a trade, and not as a system that trades for you.


Company Code of Conduct

Traders agree to follow the Company Code of Conduct and to treat all staff, contractors, other traders, and third parties with respect and professionalism. This includes conducting yourself in a professional and positive manner at all times, in groups, social media, trading rooms, and any other environments.


Closing Your Trades

All trades must be closed before 4:59 PM ET. Some markets close earlier than 5:00 PM ET. Be sure to close those trades before the particular market closes. 

See also: What Time Must Trades Be Closed By? 

Apex will cancel open positions and pending orders attached to a position. You must still cancel orders that are not attached to a position or they will remain and liquidate the accounts. 

It is the trader’s responsibility to make sure all orders, trades, and limit orders of any kind are closed.

If Apex is not able to close a trade and it is held past the closing time, this can disqualify the account. An example would be trading a contract that is expiring that day and it is unable to be closed. 

It is your responsibility to trade active contracts, roll the contracts and charts, at the proper time. Be aware of rollover dates. Do not trade contracts that expire that day.


Always Have a Trading Plan

Apex has very generous consistency guidelines in evaluations. However, it would serve you well to always have a trading plan. Being consistent in your trading will help you be successful in the long term. 


IMPORTANT INFORMATION REGARDING PA / LIVE TRADING RULES AND CONSISTENCY— YOU MUST WATCH THIS SERIES IN ORDER AND ENTIRETY.

 

PA TRADING RULES AND CONSISTENCY- PA CONTRACT REQUIREMENTS:

 

 

QUALIFIED AND NON QUALIFIED PA ACCOUNT TRADING AND TRADE PLANS: 

 

 

 

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