APEX 3.0
PA TRADING RULES:
These apply only to PA Accounts……….NOT To Evaluation Accounts
Apex “Contract Scaling”:
-Half contracts until trailing threshold stop
-Ex: $50k account you can trade max of 10 full contracts (100 micros)
- Under scaling rule you can trade 5 full contracts (50 micros) until reach $52,600 and you no longer have a trailing threshold
- Whatever size account you have, whatever the Trailing Threshold level is for that account, once past it and no more trail, can do full contracts
If accidently go over here or there, no biggie, just close out the extras, don’t abuse. Simple
Risk Management:
-Max of 5 to 1 risk to reward ratio on a trade.
-Ex: Do not risk more than $500 to make $100.
-Previous rule was 4 to 1.
-No more flipping rule- that is gone
-No more DCA rule-that is gone
-No rules on news trading- that is gone
-No rules on morning open, bracket, or any other named strategies or system.
30% Negative PnL:
-Do not let your live, unrealized, open, negative PnL go past 30% of your start of the day profit balance
-Ex: Starting the day $10k profit in your account balance, don't risk more than 30% of that on the trade. Close it out before it hits the 30%, or close part of it to stay under that level.
-If your account is new or under the safety net amount and still in trailing threshold, use 30% of the trailing threshold amount.
-Once you are over the safety net, can use start of day profit amount as highest mark
-If you have some losses and account balance falls back below "safety net", use 30% of trailing threshold again.
-Once you have doubled your safety net amount can go up to 50% for use of multiple instruments.
KEEP IT SIMPLE AND EASY!
EXAMPLES:
$50k Account, Trailing Threshold is $2500
$2500 X 30% = $750
So, on a $50k account, don’t let market in live open NEGATIVE PNL pull against you more than $750 in a single open live trade. Does not matter if your trailing threshold ITSELF changes, up or down…….
Simple……..$50k Account. Use $750 as your per trade pullback limit on ONE single live open negative PNL Trade
NOW………..after you reach the $52,600 your Trailing Drawdown stops and no longer trails.
Let’s say your then get your balance up to $53000 ( $3k of profit) x 30% =$900
Get to $4k of profit balance - $1200
Get to $5k of profit balance - $1,500
If you have few back days, losses and balance goes back under $52,600 or below……….then go back to using $750 as your base per open trade!
VERY SIMPLE……………$50k account, use $750 or use 30% of your profit balance in account at start of the day……….whichever is greater!
IS THIS DAILY?
NO this is NOT a Daily Loss Limit!
NO this does not stop out your account
NO this does NOT fail your account
NO this does not mean you will be put on Probation!
NO this does not mean you will be denied a payout!
NO this does NOT mean Apex will void that trade automatically if it comes back into profit!
If I happen to accidently go over the 30% do I have to stop trading for the day—NO! Keep trading
How many times a day can I go up to the 30% drawdown level……all day, every day, a million times……..
It is like a line in the sand………..walk up to the line all day as many times as you want, just don’t walk over the line!
If you do…….happen to step over that line, just stay over there too long, come back to this side!
