Trading4x4

User Guide

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  • Challenge Account: The qualification demo trading account opened by the trader using their own broker, with a leverage set to 1:30.
  • Master Account: The trading account opened by the trader after successfully passing the trading challenge. It can be either a real or a demo account, depending on the trader's preference.
  • Profit Target: The net return required to pass the trading challenge with the Challenge Account or to reach the profit threshold in the Master Account.
  • Trailing Drawdown: The drawdown from the peak of the trading account balance, which must not be exceeded in order to pass the trading challenge or to reach the profit threshold.
  • Profit Threshold: The same target as the trading challenge. After this target is reached, the slave account is activated.
  • Withdrawable Amount: Any profit made in the slave account over $200 can be withdrawn at any time.
  • Challenge Fee: The fee paid to begin the trading challenge, which lasts for one month from the day of payment.
  • Activation Fee: The one-off fee paid to activate the slave account. The Slave Account is opened with the same amount as the trading challenge and follows the same profit target and drawdown rules.
  • 30% Consistency Rule: A requirement ensuring that no single trading day results in a net profit/loss (P&L) greater than 30% of the closing P&L before a compensation request can be made.

If a trader decides to take the challenge offered by trading4x4.com, they will need add the challenge to the cart and proceed with payment.

Once the payment is processed, trading4x4.com will provide a downloadable PDF with instructions on how to set up the trading challenge.

To summarize:

  • If a challenge spot is available, the trader will be able to take part in the trading challenge.
  • The trade shall need to have an account with a broker. This will allow them to open a demo account of the same parameters as the trading challenge (account size and leverage).
  • After opening the demo account, the trader is expected use the first form from the list made available in the website, to submit the demo account number, investor password, and broker server. This shall allow trading4x4.com to assess the performance. Failure to submit will result in not being able to objectively review the performance.
  • The challenge begins from the moment the payment is made.

The trading platforms used for this challenge will be either MetaTrader 4 or MetaTrader 5, which the user can download directly from the MetaTrader website.

The goal of the challenge is to reach the profit target without hitting the trailing drawdown. The percentage return required varies between 25% and 30%, depending on the account. The trailing drawdown is calculated based on the closing balance and is updated each time a trade is closed.

If the trailing drawdown is not triggered and the profit target is achieved, there are additional conditions that must be met to successfully complete the challenge:

  • The trader must trade on a minimum of 5 separate days within the 30-day challenge period.
  • If the profit target is not reached within the 30 days, the challenge is closed. The trader is free to participate in another challenge if desired.

A trader can purchase as many challenges as are available. However, there are rules for activating accounts in the event of passing multiple challenges. These specific rules are discussed in the Master Account section.

It is up to the trader to choose his own broker and trading account which shall have its own unique structure of commissions. For any advise feel free to contact us through the chat section.

There is no automatic reset nor a subscription of the trading challenge. It is a one of payment. The trader is free to try pass the challenge as many times as needed as long as there is a spot available.

The minimum number of trading days required to pass the challenge is 5.
The maximum is the number of trading days available in the 30 day period of the Trading Challange.

The trader can participate in a number trading challenges simultaneously, subject to availability.

Once the goal is achieved and the trading challenge conditions are successfully met, the trader shall then submit their trading results for review using the form made available in trading4x4.com. After the results are confirmed, the trader moves forward to open a Master Demo Account, which is discussed in the next section

 

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