At ATFunded, we are committed to fostering safe and responsible trading practices. Our Gambling Policy aims to be transparent and easily understood by all traders, providing clear guidance and information. The main objective of this policy is to encourage responsible trading while discouraging behaviors that resemble excessive risk-taking and gambling.
Overleveraging: It is essential to maintain responsible position sizes and margin usage at all times. If we determine that you are over-leveraging your account, we will issue warnings to reduce your risk. If this behavior persists after a warning, your account may be terminated.
Account Rolling:
Passed Account Rolling: Purchasing multiple accounts of the same or similar sizes, passing each one above the maximum allocation, and then trading them individually at the funded stage. Failed accounts are replaced with other accounts that have passed. This strategy will result in the immediate termination of our services.
New Account Rolling: Purchasing a single account, trading it at full risk, and if it fails, purchasing additional accounts and repeating the same high-risk strategy until one passes. In the funded phase, this approach involves continuing with high leverage or risk tolerance to recover losses from previous failures. This type of gambling behavior is not tolerated and disregards the opportunity to be a successful virtual funded trader.
Reverse Trading: Executing a buy trade on one demo account while placing a sell trade on another demo account is not allowed. This action violates the prohibition against reverse trading or hedging across multiple demo accounts. Additionally, group hedging, where individuals coordinate opposing positions across one or more prop firms to minimize or eliminate risk and take advantage of prop firm rules, is strictly prohibited.
Copy Trading: No more than max allocation per strategy.
Min Hold Time: At least 50% of trades must be held for more than 1 minute. For instance, if an account has 50 trades and 30 of them are held for less than 50 seconds, it would violate this rule.
One-sided Bets/All in: Executing a trade or a series of trades on the same currency pair in the same direction without implementing any risk management strategies or entering over and over after taking a loss. For example, you might open a buy position on GBP/USD without setting a stop loss (SL) or take profit (TP), holding the trade until it either meets the program criteria or fails. Another example is repeatedly entering trades that hit the stop loss, continuing this process until the trade eventually moves in your favor.
News Gambling: While closing and modifying trades during the 10-minute window around high-impact news is allowed on Legacy accounts, opening trades shortly before the announcement (for example just before the restricted window begins) with the intention of exploiting the news release is still prohibited.
What should I risk on my trades?
We typically encourage traders to limit risk to a maximum of 1-1.5% per trade idea to support healthy risk management habits. This is not a robust rule for Phase 1 and Phase 2 accounts in both programs, but risking a significant part of your daily drawdown limit or maximum loss limit on one idea or trade can suggest that the strategy may not be well-tested or that conviction in the setup is lower.
For Funded Legacy accounts, to avoid uncertainty and ambiguity, a risk limit of 1.5% per trade idea is a strict rule.
