Era Trade announced the simplification of three trading rules. The company explains the changes by feedback from traders.
News #1: carrying trades on ByBit through weekends Now traders can hold positions on ByBit for two or more weeks, forecasting market movement in advance. The change applies to challenges, funded and instant funded accounts. For those who trade cryptocurrency, this may influence the choice of strategy.
News #2: first violation of news trading or martingale rules Under the new rules, the first violation in these cases is no longer considered severe and does not lead to immediate account closure. Two or more violations are considered account failure.
News #3: martingale is assessed within a 24-hour period Era Trade now defines martingale by an increase in position volume within a 24-hour period. The mere fact of three or more losing positions over any period no longer serves as grounds for such an assessment.
Example 1 - allowed:
EUR/USD Buy Position 1 - 2 lots Position 2 - 2 lots Position 3 - 2 lots The position size does not increase, so this is not considered martingale.
Example 2 - prohibited:
EUR/USD Buy Position 1 - 2 lots Position 2 - 2.5 lots Position 3 - 3 lots The position size increases after a losing entry, so this is considered martingale.
Era Trade states that it adheres to a policy of full transparency. The company has posted the detailed terms in the "Rules" section. According to Era Trade, a challenge or funded account cannot be closed "by the company's decision" without a rules violation.
