Trading Rules
Daily Loss Limit
The Daily Loss Limit is a specified amount that you, as the trader, can lose in a day, either on your total asset amount or on a single trade. This trading rule allows you to take responsibility for your trades, teaching you to understand the risks and to trade strategically and disciplined while understanding and closely following the money management rules.
Wildfunded sets daily loss limits based on the size of the trading account to ensure realistic risk management for individual traders. Your account will be closely monitored each trading day to determine whether you have reached or exceeded your daily loss limit. The limit can be exceeded after closing a trade, or if the limit is reached during an open trade, the account will automatically be disqualified.
All fees and commissions svon your profile are taken into account when calculating your daily losses. So, it is essential that you keep track of your assets on the trading platform and do not allow your losses to exceed this limit. If you exceed your daily loss limit, open trade positions will be closed, and your account will be automatically deactivated.
Drawdown Calculation
Drawdown is a term used in finance to describe the decrease in the return curve from the highest to the lowest point. It represents the worst series of losses and helps traders understand how much they can afford to lose and which strategies to use to reach their trading goals.
In trading, drawdown is a term used to determine the maximum amount a trader can lose. It also allows us to understand the techniques utilized by each trader, the fluctuations in their account, and how they aim to achieve their end goal.
End of Day Drawdown (EOD):
“EOD Trailing Drawdown” is a term used in trading to describe a method of measuring drawdown, which refers to the peak-to-trough decline in the value of a trading account or investment portfolio.
Example of EOD Trailing Drawdown:
If you start the day at $50,000, your trailing drawdown will only increase if you end the day above the $50,000 mark. At the end of the day, your minimum account balance will increase. Otherwise, the minimum balance will remain the same.
During the evaluation phase of your trading career, your permitted Drawdown will trail with your account balance, but it will only be calculated when your account balance reaches a new peak at the end of each trading day.
This calculation considers only the profits that you have realized until that point while disregarding any unrealized profits that you may have been targeting throughout the day.
However, your account will be liquidated if its current balance exceeds the value of your drawdown limit.
Copy Trading
You can now easily copy trades across your Evaluation and Wild Funded Accounts. There is maximun of 3 Funded accounts per user. With this, you can quickly and effortlessly replicate your best strategies between your active accounts, helping you maximize consistency and efficiency in your trading.
Device Sharing & Copy-Trading other Traders:
Each individual trader is required to maintain their own individual trading activity. Meaning, entering, exiting and cancelling their own trade executions. Traders are not permitted to copy trade one another by entering, exiting or cancelling trade positions.
Each individual trader may not use the same device (tablet, phone or computer) as used by another trader. If this is not respected, then it could lead to permament restrictions from using our services
Times to Trade - Overnight Positions
Trades can be placed starting at 6:00 PM EST at the Globex Open and can be held through until the 4:10 PM EST NY session close. At Wildfunded, positions will be closed for you during regular trading days at 4:10 PM EST. So, you need not worry about breaching the rule.
Make sure that you don’t force a trade multiple times on the market after 4:10 PM EST, as this will sometimes cause the order to go through and disqualify your trading account.
Can I trade the Globex Opening at 06:00pm EST?
Yes, you can trade between the specified times. However, please note that even if you are at the sim funded or sim evaluation stages, we do not recommend trading when the markets are said to be illiquid. This can cause issues with the position.
Illiquid hours are allowed to trade, but at the traders own discretion. This is also applicable for holiday trading hours as well.
Holiday Hour Trading:
During holiday trading hours, auto-liquidation will not occur at the half-time market close, and the trader is responsible for closing the positions.
Please note the times that you’re allowed to trade.
Failure to close the positions before the market closes will result in breaching of the account.
Micro/E-mini Commissions
Wildfunded commissions are regulated to ensure that everything is fair to both our customers and our company. Please see the table below for our commission rate.
Mini Contract – $2.5 per side / $5 roundtrip
Micro Contract – $0.6 per side / $1.20 roundtrip
Allowed Number of Contracts
The maximum number of contracts or position sizes you may trade at any time is predetermined for your account according to your chosen program. For example, if your maximum position size is 5, you can only trade up to 5 contracts in any of the available markets.
Please be aware of the contract limit on your chosen program to ensure that you do not exceed it, as doing so violates Wildfunded’s trading rules.
Our programs allow the following numbers of contracts to be traded at one time:
Consistency Rule
In the trading world, we value well-defined techniques and strategic trading to achieve constant results. However, sometimes it takes effort to avoid the temptation of playing big to win big. So, to help our community overcome this hurdle, we introduced the Maintain Consistency Rule.
Consistency is vital to successful trading. By adhering to your established methods, you can effectively gauge your capacity to generate profits and manage risks. We, as traders, know all too well the importance of having the patience, the restraint, and the skill to produce consistent gains.
Evaluation Programs:
The basic rule you have to follow is not to exceed 50% of the target with 1 trade in a single day. Then you have to make at least 2 profit days that do not exceed 50% of the total profit. We reward traders who make a calculated trading, and this rule prevents some participants from looking for crazy profit days.
Funded Accounts:
Our new rule stipulates that your Highest Daily PnL can only account for up to 25% of your total profits. You must set a daily profit goal and adhere to it religiously to comply with and qualify for our Payout Policy. Don’t worry, going over 25% of profits per day will not deactivate your account. Instead, you will only need to maintain consistent earnings in the upcoming trading days to balance out your overall profit. Through this, you can make your highest trading profit qualify as 25%.
Maintaining consistency can be done without trading daily. You can schedule your trades as often or as seldom as you’d like without sacrificing your valuable time.
Can I make an Account Reset?
Have you violated any of the rules? No big deal; you have the option to reset your account balance by paying a flat reset fee. Once you finalize the purchase, the reset will be processed immediately, and you will be notified by email.
What is a Reset?
The Reset service updates the initial balance of your evaluation account so you can continue trading in your active subscription. All previous results will not be counted. However, the Reset service does not reset the due date of your subscription. Your subscription is automatically renewed every 30 days unless you cancel it yourself.
How to reset:
1. Log in to your account and navigate to your dashboard.
2. Click on the reset tab.
3. Follow the prompts to complete the payment for the reset.
Reset Fee:
You can see the rates on the main page when you go to select one of our programs.
Are there any Minimum Trading Days?
To qualify for a Wild Funded Account, you have to reach the profit target that corresponds to the plan you have purchased while making sure to respect all the rules. You need minimum 2 days of trading to complete the 50% consistency rule.
However, there is no maximum of days required to validate your account as long as the rules are respected. The basic rule you have to follow is not to exceed 50% of the target with 1 trade in a single day. Then you have to make at least 2 profit days that do not exceed 50% of the total profit.
Example:
- Target $2,500 – You pass the test with two positive days of $1,250 each.
- If one profit day is $1,400 and the other $1,100 you are going to reach the target but the test will not be considered valid. You must make an extra profit of $300 to comply with the consistency rule.
If the monthly subscription is due but you haven’t reached the profit target and and you have not hit the drawdown, you will get to keep your balance and continue trading in the same account.
What Instruments are Available?
During Wildfunded Programs, participants are permitted to trade Futures products only. Trading of Stocks, Options, Forex, Cryptocurrency and CFD’s are not permitted nor available in our program or platforms. A non-professional trader will get the following CME Group data (top of the book) for free:
CME, CBOT, NYMEX, COMEX.
Price Limit Trading
At Wildfunded, safeguarding our traders against excessive volatility and unfavorable market environments is a top priority. To support this objective, we apply firm rules that prohibit trading whenever a product is within 2% of its CME price limit. This approach helps shield traders from severe market swings that could result in substantial losses or the possibility of holding positions while trading is paused due to limit conditions.
A price limit represents the maximum allowable price movement for a futures contract during a single trading session. When a market reaches this threshold, the response varies depending on the specific product. Trading may pause temporarily until limits are widened, remain locked at the limit, or cease for the remainder of the session in accordance with regulatory guidelines.
This restriction applies to ALL Wildfunded Accounts, not solely to Evaluation accounts.
How can I check the CME price limits for the contracts I trade?
Price limits are determined using the prior session’s settlement price. They differ based on the product, contract month, and time of day—for example, overnight limits are not the same as those in effect during regular trading hours.
Updated price limits are published daily at 5:05 PM EST following the close of each session and are available on the CME Price Limits Page (click here).
For equity index products such as ES, MES, NQ, MNQ, RTY, M2K, YM, and MYM, the overnight price limit is 7%.
One practical method to avoid trading within 2% of a limit is to monitor the % Net Change of the contract directly from your platform’s quote board.
For instance, if you are trading any of the products listed above—or another contract with a 7% upper or lower limit—you should discontinue trading once the contract shows a 5% net increase or decrease for the day. Any additional movement would place it within 2% of the applicable price limit.
How do I locate the % Net Change for my contract?
Most trading platforms allow you to view the daily “Net Change” as prices fluctuate. They also provide an option to display this value as a percentage, often labeled “% Net Change.” If this percentage column is not currently visible on your quote board or radar screen, you can typically add it to better track how close the instrument is to its limit.
Example:
- Stop trading when market priced above: 18556 x (1 + 0.07 – 0.02) = 19483 (+5%)
- Stop trading when market priced below: 18556 x (1 – 0.07 + 0.02) = 17628 (-5%)
Why is this considered prohibited conduct at Wildfunded?
To safeguard both the firm and its traders, market participation is not permitted when a product is trading within 2% of its price limit. Entering trades under these circumstances increases the likelihood of orders being executed just before a trading halt, potentially leaving positions stuck during a limit pause. This rule applies to all Wildfunded without exception.
Additionally, anyone speculating in financial markets should possess a thorough understanding of the instruments they trade. Being familiar with contract specifications, margin requirements, and applicable price limits is essential.
For comprehensive details about specific products, visit the CME Group website and select the relevant contract from the homepage to access full specifications.