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What are Prohibited Trading Practices?
What are Prohibited Trading Practices?
Updated over 2 weeks ago

  • Exploit errors or latency in the pricing and/or platform(s) provided by the Broker

  • Utilize non-public and/or insider information

  • Front-run trades placed elsewhere

  • Trade in any way that jeopardizes the relationship GoatFundedTrader has with a broker or may result in the cancelling of trades

  • Trade in any way that creates regulatory issues for the Broker

  • All-0r-Nothing Trading, where you can lose the account in one trade

  • Any trading style that we deem too risky will be breached and refunded in full

  • We strictly prohibit hedging positions within the same trading account, between accounts owned by the same traders, and between accounts owned by different traders. Hedging is defined as the act of opening two opposite positions on the same asset, regardless of differences in lot size or calculated risk. This policy is in place to ensure fair and transparent trading practices within our community and to uphold the integrity of our trading environment. Hedging can lead to confusion in risk management and may create unfair advantages or disadvantages for traders.

  • Utilize any third-party strategy, Expert Advisor, off-the-shelf strategy or one marketed to pass assessment accounts will lead to a breach of your account or reward. We may require to prove that your Expert advisor is your own by presenting the code for any doubts we have, at our own discretion

  • Utilize one strategy to pass an assessment and then utilizing a different strategy in a simulated funded account, refers only to the use of EA in assessment and manual trading in simulated Funded stage and vice versa, as determined by GoatFundedTrader in its sole discretion

  • Utilize one strategy to pass an assessment and then utilizing a different strategy in a simulated funded account, refers only to the use of EA in assessment and manual trading in simulated Funded stage and vice versa, as determined by GoatFundedTrader in its sole discretion

  • It is essential to successfully complete each challenge individually. Importantly, you cannot duplicate trades (whether executed manually or via EA) from a master account to an evaluation account or from one evaluation account to another. This applies to both the trades and trade ideas. After successfully passing the evaluation process, you have the flexibility to either combine the Master/Funded accounts into a single account or keep them separate, based on your personal preference.

  • If Goat Funded Trader detects that your trading constitutes Prohibited Trading Practices, your participation in the program will be terminated and may include forfeiture of any fees paid to Goat Funded Trader. Additionally, and before you shall receive a simulated funded account, your trading activity under these Terms and Conditions shall be reviewed by Goat Funded Trader to determine whether such trading activity constitutes Prohibited Trading. In the case of Prohibited Trading, you shall not receive a simulated funded account or, if trading already trading in a simulated funded account, we may close that account, in which case you will forfeit any profits therein.

  • Gambling: You cannot gamble your way through a challenge phase. GFT defines as gambling:
    -Taking more than 50% of your trades in under a one minute hold time
    -Opening 5 positions in a loosing trade, encompassing both entry and subsequent positions.
    -Opening one trade and adding subsequent positions to the same trade/instrument traded without making previous positions "risk free" by moving stop loss to breakeven, holding all the positions together untill you pass/fail, without any other trade on the account.

    This last point is a behaviour totally ALLOWED on our Swing plus challenge since it is a program entirely designed for swing traders and please note that the risk team may decide to allow it also on the other programs, after a comprehensive analysis of the trading behaviours the trader has in place in his other previous or active accounts.

    IMPORTANT: Any trader idenfitied as "gambler" will NOT be in any way banned from the platform and will have the choice of getting refunded or getting a free retry.

    • Abuse of the Simulated Environment
      ​
      Clear abuse of the simulated environment is characterized by continuously executing large-volume trades without a clear or logical trading strategy. This behaviour disregards fundamental market analysis and risk management practices and does not provide us with viable trading data. Accounts engaging in consistent, high volume trades without a coherent strategy may be flagged for review. This allows us to assess and take appropriate action to maintain a fair trading environment consistent with our mission of obtaining credible trading data. Accounts identified to be consistently executing large-volume trades without a clear strategy may face warnings, temporary limitations on trading activities, or in severe cases, suspension, or termination to uphold the platform's trading policies.

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