Interesting question and strange at the same time. You mean like if you have a certain strategy, can you use it? SUrely, it doesnt matter what aprpoach you use, can be fast scalping, or swing, or some ema - ma intraday , resistance-support, or whatever is there, even fundamental u can use...basically any!
However, you should mind the criteria during challenges and stages! There are max daily loss and mad drawdownm that you gotta meet, and u ought to have min 5 tradign days. And reach their profit target, otherwise what is the point of getting funded if profitability isnt there :D
Good luck friend!
I guess they have more or less industry standard rules and restrictions. Nothing new. No copy trading, hedging, trading bots (actually there are not even conditions for that). As far as I know they have nothing against scalping and news trading, so this is a positive. I think any strategy is ok, as far as you keep your risk tight and trade on your own. This is fair for both, trader and prop firm. With “everything is allowed” approach it would be a mess…
Of course, you don’t need to buy accounts every time, if you have at least 50% working trading strategy and stick to solid risk management. Max 1% risk per trade on a challenge stage and even lower at funded stage, once you don’t need to make a profit target. The good thing about this prop firm, is that they offer only crypto, which volatility is very helpful to complete challenges faster. Of course, if you follow strict risk management rules.
I passed a 50k account, which i’m still trading happily and collecting profits.
First of all, the trading is hard in general, not only challenges. So, if you have mastered your trading strategy already and if you are consistent with it, then passing the challenge must not be that hard. Many traders lose their funds in accounts because of inconsistency and emotions, which leads them to overleverage and overtrade. It is quite common for newbies..
Secondly, of course it is possible to pass the challenge in under the month. It is possible to pass after a week as well, but there is no need to rush. Take your time, stay consistent and true to yourself and passing the challenges will not be a harsh time for you. Good luck!
