1. Drawdown. All traders must ensure that they are aware of the maximum drawdown. The maximum drawdown is 10% on Evaluation #1 and 5% maximum and relative drawdown on evaluation #2. If the trader reaches the drawdown limit, they are required to stop trading instantly.
2. Two opposing trades. This is often referred to as “hedging”. Traders are not allowed to have 2 or more opposing trade/position on the same pair at the same time and/or during the same trading session. This mean you cannot BUY and SELL the same pair in the same trading period/session.
Same time hedging strategy is not allowed. Both trades must at least have a execution time gap of 8 hours or more.
3. Stop Loss
. Golden Option Funding Program require you to place a Stop Loss on every position, market order, pending stop order, and/or
pending limit order at price level which represents a maximum money risk of 1.5% or less.
Multiple positions of the same asset are considered as same trade and will be added together.
The
summaries of all open positions on the same symbol cannot exceed 1,5% of the account value.
**There are no rules or constraints on your trading style as long as you can be consistent in what you do throughout your pay cycles**
4. Permitted Currencies & Gold. CHF, USD, GBP, EUR, JPY, CAD, AUD, NZD, XAU
Unpermitted Currencies & Commoditties. XAG, SEK, CHN, HKD, MXN, NOK, DILS, ZAR, TRY.