Tradiac rule guide

Introduction to Tradiac funded trader program

Trading in the Forex market can be a lucrative venture for those who understand the system, and have the requisite skills and discipline. It also requires a considerable amount of capital. This is where proprietary trading firms like Tradiac come in, offering traders the opportunity to trade with their capital after successfully completing a trading challenge. This article aims to guide new clients on the rules and procedures that govern the trading challenge at Tradiac.

Tradiac, like other proprietary trading firms, operates by hedging the trades as signals from their clients. By doing so, they’re able to make money, and it is imperative for clients to understand how this system works. The firm has laid out a set of rules that guide trading, and a key part of being successful in passing the assessment phase and receiving live funds for trading is understanding and adhering to these rules. Be sure to pay attention to any rule.

Tradiac has three distinct trading tracks, each with its own set of rules and risk levels.

1. The Tradiac Track: This is the most conservative track with a maximum loss of 10% and a daily maximum loss of 5%. To scale and pass, a profit target of 10% is required.
2. The Braniac Track: This is the moderate risk track with a maximum loss of 20% and a daily maximum loss of 10%. To scale and pass, a profit target of 20% is required.
3. The Maniac Track: This track has the highest risk with a maximum loss of 30% and a daily maximum loss of 15%. To scale and pass, a profit target of 30% is required.

Unlike other firms, Tradiac offers a profit split of 90% in favor of the trader from the onset. This is designed to make the program as easy and straightforward as possible.

In terms of refunds, all sales are final. However, there is an exception if you cancel within 5 days of purchasing the Trading Challenge or Redemption Challenge and have not started the Challenge. Please remember that starting the Challenge means opening one or more orders (pending or completed) in the Account. No refunds are provided after 5 days have passed or the Challenge has started.

To pass the assessment and qualify for funding or to scale your account, you must achieve a profit target that depends on your trading track (10%, 20%, or 30%). For instance, if you start with $100,000, you need to increase your equity to $110,000 by generating profits of $10,000 or more and closing your positions in profit. There is no time limit for this, as long as you avoid becoming inactive, defined as not opening, closing, or modifying a trade in 30 consecutive days.

There are two critical loss rules:

1. Daily Loss (DL) Rule: If your account equity falls below the daily loss limit specified in your Package (5%, 10%, or 15%), your positions will be liquidated, and you will be disqualified from the Program.
2. Max Loss (ML) Rule: If your account equity falls below the max loss limit specified in your Package (10%, 20%, or 30%), your positions will be liquidated, and you will be disqualified from the Program.

Tradiac also has an inactivity rule. If no position has been open, closed, or modified in 30 consecutive days, your Account will be considered inactive.

In the event that you break one of the prohibited rules of the program, you will lose access to the program you have purchased and forfeit your fees and account (assessment or funded). 

One of the most important rules is no scalping. Scalping is defined as holding trades for fewer than 5 minutes at a time. The goal of the challenge is to become a trader with your strategy for the hedge fund. Scalping strategies are not scalable to this level and are therefore not accepted. 

We have two ways of looking at an account and defining the limits. 

1. If 10% or more of the profits generated in the account are from scalping, the account will be considered void 
2. If there are more than a certain percentage of trades that are scalping, then the account will be void. Here is a table of those threshold limits. 

We understand that sometimes you may enter a trade and would need to close it quickly if the market is turning. That is why we have allowed for a minimum amount of these sort of trades.  

Some practices are prohibited at Tradiac. For instance, while custom EA’s are allowed, 3rd party EA’s are not. Each client is also only allowed one account at a time.

Lastly, note the Max Open Lots rule. You can open a maximum of 5 lots at a time per trade, but you can open as many positions as you like as long as your margin allows it.

You receive up to 20:1 leverage. And the stop out level is at 50% of available margin. If you exceed 50% your positions will be automatically liquidated.

Leverage per currency pair may change depending on volatility related to certain currency pairs. Please see the trading contract specifications here.