
Table of Contents
Applicable from September 26, 2022 to October 03, 2022 at 10:30 am
(UAE time) GMT +4
What is the FundedNext Express Model Consistency Rule?
**This rule is for all the FundedNext Express Model traders, excluding the traders of the Non-Consistency Account. If you are not eligible for the FundedNext Express Model Non-Consistency Account, then you must abide by the following rule.**
We have the Express Model Consistency Rule that will assist you in sharpening your trading habits and ensure you gain consistently every week.
If there is any violation of the rule, FundedNext agent will review your account and assess the payout opportunity for that particular cycle. In this case, your account will not be terminated and will be reset to your initial balance at the start of the next cycle. Please note that you would need to maintain the consistency of the running week.
A safe way to increase or decrease your risk consistency is to keep within +/-200% of your weekly average or by a deviation of 2.0.
The three main KPIs we use here are
1. The number of trading days,
2. Trades, and
3. Lot size.
Each week, we will take the average of the mentioned KPIs and place a maximum (Total x 2) and minimum (total/2) to determine the consistency you need to maintain.
For example, for week one, the following is your Express Model trading history.
1. On the first day, you made 10 trades with a total lot size of 12.
2. On day two, there were 15 trades with 11 total lots.
3. Day 3 has 19 trades for a total of 15 lots, and
4. Day 4 has 26 trades with 18 total lots.
So, your total trades taken for the week is 70, and the total lot size for the week is 56.
Now for week 1,
The average number of trades would be (total number of trades taken/number of days traded) = 70/4, which is 17.5 trade counts.
The average lot size would be (total number of lots used/number of days traded) = 56/4, which is 14 lots.
Now, the consistency of week 2 would be the following:
For trades:
Max (Average number of trades taken in a week-1 x 2) = 17.5 x 2 = 35
Min (Average number of trades taken in a week-1)/2) = 17.5/2 = 8.75 ~ 9
For Lot:
Max (Average number of lots taken in a week-1 x 2) = 14 x 2 = 28.
Min (Average number of lots taken in a week-1/2) = 14/2 = 7
From the above example, your lot average needs to be between 7 and 28, and your average number of trades needs to be between 9 and 35.
Otherwise, it will be considered a violation.
Similarly, for week three, we will take the average of weeks one and two and then multiply it by two to set the maximum limit and divide it by two to set the minimum limit for both the lot size and trader count.