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Evaluation Terms

October 19, 2017 | 1:17 pm | Uncategorized
October 19, 2017 | 1:17 pm
Uncategorized

TERMS DEFINITIONS

  1. PORTFOLIO MANAGER – A trader who had completed with success the trading evaluation phase, and currently trading for The5%ers Trading Fund.
  2. QUALIFY ACCOUNT – The initial balance of the account once a trader successfully meet all of the objectives in the evaluation account.
  3. TP EVALUATION ACCOUNT – (Take Profit Evaluation Account) is the account the trader receives to trade. The fund authorized personnel will monitor and evaluate the trading activity in this account to verify the trader is comply with the trading policy of the fund. The Evaluation account balance is lower by one fourth of the portfolio account balance, received one the trader is qualified. e.g. To qualify for a fully funded $40,000 Account, a trader must trade an evaluation account of a $10,000.
  4. PROFIT WITHDRAWAL – A trader is entitled to a share of the profits made in the assigned trading account, whether it is on an evaluation account or in a portfolio manager account.
  5. GROWTH SCHEME – Once a trader becomes an official portfolio manager for The5%ers Trading Fund, the fund may promote the trader’s account as specified by the growth scheme. BY default any portfolio manager for The5%ers Trading fund, Yet it is the sole privilege of the fund to deny or delay promotion or change the promotion terms. The growth scheme may change according to the fund’s decision.
  6. EVALUATION ACCOUNT OBJECTIVES – The trading policy a trader must apply in his/hers trading activity in order to qualify for a portfolio manager for The5%ers Trading Fund.
  7. EVALUATION ACCOUNT FEE – A fee a trader pays for the fund for the privilege receive a real money trading account with profit sharing and to be evaluated by the fund’s trading directors for becoming a portfolio manager for The5%ers Trading Fund.

EVALUATION ACCOUNT TRADING GUIDELINES & OBJECTIVES

Meeting all the following guidelines and objectives is entitles the trader to perform as a portfolio manager for The5%ers Trading Fund, with a fully funded trading account.

OWNERSHIP OF ACCOUNTS, TECHNOLOGY, and FUNDS

It is to be acknowledged and clear; that the trading accounts, the technology, software, the funds worth are the sole property of The Five Percenters LLP, UK. The portfolio manager has no rights over any of the properties mentioned.

Trading Conditions

$40K $24K $12K
ENTRY LEVEL TERMS
Account Balance After Qualification $40,000 $24,000 $12,000
Portfolio Manager Profit Share 50% 50% 50%
Protfolio Manager Growth Scheme 2X FOR 10% 2X FOR 10% 2X FOR 10%
EVALUATION ACCOUNT OBEJCTIVES
Profit Target >$600 >$375 >$225
Max Drawdown >-$400 >-$250 >-$150
Max Exposure 0.50 Lot 0.30 Lot 0.15 Lot
Min Trades 40 40 40
Time Limit 6 Months 6 Months 6 Months
Stoploss per position from balance <1.5%  <1.5%  <1.5%
0.45 Lot 0.30 Lot 0.15 Lot
ENTRY LEVEL TERMS
Pip Value after qualification 0.45 Lot 0.45 Lot 0.45 Lot
Portfolio Manager Profit Share 50% 50% 50%
Protfolio Manager Growth Scheme 2X FOR 900 Pips 2X FOR 900 Pips 2X FOR 900 Pips
EVALUATION ACCOUNT OBEJCTIVES
Profit Target >700 Pips >700 Pips >700 Pips
Max Drawdown >-350 Pips >-350 Pips >-350 Pips
Max Exposure 1.50 Lot 1.00 Lot 0.50 Lot
Min Trades 40 40 40
Time Limit 6 Months 6 Months 6 Months
Stoploss per position from balance <350 pips  <350 pips  <350 pips

TRADING TERMS

  1. MAX EXPOSURE – The maximum allowance of lot summarized by all open positions, regardless the trade direction (Long or Short). Exceeding the max exposure value, will automatically disqualify the trader, and cause the final termination of the evaluation account. Any position at profit with SL above profit (minus commissions and swap charges), may be ignored in calculating the max exposure.
  2. MAX DRAWDOWN – The maximum drawdown allowance in the account. A Drawdown (DD) is the maximum change of equity value between the balance peak value and the trough equity value. This includes closed and open orders. Exceeding the Max Drawdown limitation, will disqualify the trader, and cause the final termination of the evaluation account.
  3. MINIMUM TRADES – The minimum count of trades required in the evaluation account. A trader must exceed the number of minimum trades to qualify for a portfolio manager account.
  4. STOPLOSS PER POSITION – Any position must have a hard stop loss value not greater than the value specified. Failing to place stoploss orders will cause the final termination of the evaluation account, and disqualify the trader.
  5. TIME LIMIT – The period from start a trader should require to accomplish the evaluation objectives. After the due date, the account will be terminated and the trader will be disqualified. If any profits exist in the account, the fund will send the trader’s share of profits. The time limit may be extended if a trader request from the fund, and by the fund directors approval.

PROFIT WITHDRAWALS

Trading on TP evaluation account entitles the trader to withdrawal profit by the percentage level specified in the plan of choice.

Profits withdrawal are being paid once by one of three possible circumstances: A. A trader had completed with success the evaluation objectives. B. A trader file a withdrawal request. C. A trader was disqualified and the account balance contains profits.

  • A. Once a trader completed with success the evaluation objective, the fund will terminate the account, pay out the profits for the trader by the specified split, and reward the trader with a new portfolio manager account.
  • B. A trader of an evaluation account may apply for a profit withdrawal request only once. Once a profit withdrawal requested, the fund will close all open positions,  terminate the account and the trader is announced disqualified. Any profits will be paid by the specified split.
  • C. Once a trader had been disqualified while profits exist in the account, the fund will close all open orders and terminate the account from further trading. Any left profits will pay out by the specified split.

TERMINATION OF AN EVALUATION ACCOUNT

The fund will terminate an evaluation account by the following circumstances:

  1. A trader had exceeded the Maximum Drawdown Allowance
  2. A trader had exceeded the Maximum Exposure Allowance
  3. A trader had exceeded the Time Limit without accomplishing the evaluation objectives
  4. A trader fail to apply proper stoploss for all trades

Once an evaluation account is terminated, It will be disabled from further future trading. A terminated account will not be recovered.

A Trader of a terminated evaluation account may apply again for new evaluation plan from start.

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