Currently we do not allow the use of execution Expert Advisors (EAs). This includes any expert advisor which executes trades on behalf of the client. this rule applies to the challenge, evaluation and funded accounts.
Not limited to the below types;
Prohibited EA Types:
1. High-Frequency Trading EA: EAs that execute a high volume of trades within short time frames, typically aiming to exploit minor market inefficiencies, are not permitted.
2. News Scalping EAs: EAs designed to capitalize on price fluctuations during news releases or economic events by executing rapid scalping trades are prohibited.
3. Arbitrage EAs (Reverse and Latency): EAs that exploit price discrepancies between different markets or brokers, whether through reverse trading or latency-related strategies, are not allowed.
4. Multi-Account Reverse Trading EAs: EAs that mirror trades from one account to multiple accounts in the reverse direction are prohibited.
5. Tick Scalping: EAs that engage in rapid-fire trading based on tick-level price movements are not permitted.
6. EAs Designed to Abuse Demo Servers: Any EAs specifically created to manipulate or take advantage of the functionalities of demo servers are not allowed.
This is a violation of the terms and conditions and may result in failing the challenge. We strictly prohibit any kind of high frequency trading. We also prohibit tick scalping, arbitrage of any kind, and any bot aimed to take advantage of the favourable conditions of a demo server.
Additionally, it's important to note that using third-party EAs obtained from the open market increases the risk of violating our copy trading rules. If you decide to use a third-party EA, we strongly recommend adjusting the set files or settings to ensure that each trader using the EA has different entry and exit points. This helps maintain fairness and avoids potential conflicts.
Any bots or EAs that mask trades or engage in activities commonly known as arbitrage are strictly prohibited, and failure to comply with this rule will result in disqualification.
If you have any questions or concerns regarding the specific EA you plan to use, we encourage you to reach out to our support team at [email protected]. We will be able to provide you with further information and guidance to ensure compliance with our EA usage policy.