Advice and Answers from Titan Forex Funds Team
Understanding Maximum Lots(2-Step Funding)
Think of it this way: you can only open positions based on a tiny fraction (1/3,333 th) of your Assessment account size. So, if you have a $10,000 account, you’re allowed to have 3 lot open at any given time.
Understanding Maximum Lots(1-Step Funding)
Think of it this way: you can only open positions based on a tiny fraction (1/10,000th) of your Assessment account size. So, if you have a $10,000 account, you’re allowed to have 1 lot open at any given time.
How do you calculate the 5% Daily Loss Limit?(1-Step Funding)
The Daily Loss Limit is the maximum your account can lose in any given day. Daily Loss Limit is calculated using the previous day balance which resets at 5 PM EST. Unlike other firms, we do NOT base our calculations on previous day equity since the balance only model allows you to scale profits without fear of losing your account. The Daily Stop compounds with the increase in your account.Example: if your prior day’s end of day balance (5pm EST) was $100,000, your account would violate the daily stop loss limit if your equity reached $95,000 during the day. If your floating equity is +$5,000 on a $100,000 account, your new-day (5pm EST) max loss is based on your balance from the previous day ($100,000). So, your daily loss limit would still be $95,000.
Can I Leave Trades Open Over the Weekend?
We like to wrap things up for the weekend. So, we ask that all trades be done and dusted by 3:45pm EST on Fridays. If you leave a trade open past then, our system will close it for you. But don’t stress – this is also just a “soft breach”. Once Monday rolls around (or whenever the markets reopen), you’re good to get trading again.
What Platform can I trade on?
Our risk management technology is currently integrated with the platform we provide and can be downloaded in the background. These platforms, as well as pricing and execution, are provided by our brokers.
What’s the difference between “Soft Breach” and “Hard Breach” rules?
Soft Breach: If you break this rule, we’ll close the trades that went over the limit. But don’t worry, you can still keep trading on your Assessment or Funded Account. Hard Breach: This is a big no-no. It happens if you either lose more than the daily limit or if your trailing losses go beyond the max allowed. If this happens, you’ll either fail the Assessment or lose your Funded Account. Stay alert!
How do you calculate the Maximum Trailing Drawdown?
The Maximum Trailing Drawdown is initially set at 6% and trails (using CLOSED BALANCE – NOT equity) your account until you have achieved a 6% return in your account. Once you have achieved a 6% return the Maximum Trailing Drawdown no longer trails and is permanently locked in at your starting balance. This allows for more trading flexibility. Example: If your starting balance is $100,000, you can drawdown to $94,000 before you would violate the Maximum Trailing Drawdown rule. Then for example let’s say you take your account to $102,000 in CLOSED BALANCE. This is your new high-water mark, which would mean your new Maximum Trailing Drawdown would be $96,000. Next, let’s say you take your account to $106,000 in CLOSED BALANCE, which would be your new high-water mark. At this point your Maximum Trailing Drawdown would be locked in at your starting balance of $100,000. So, regardless of how high your account goes, you would only breach this rule if your account drew back down to $100,000 (note, you can still violate the daily drawdown). For example, if you take your account to $170,000, as long as you do not drawdown more than 5% in any given day, you […]
Is there a breach for inactivity?
Yes. If you do not place a trade at least once every 30 days on your account, we will consider you inactive and your account will be breached.
What is 1 lot equal to on the Trading Platform?
● Forex – 1 lot = $100k notional ● Index – 1 lot = 10 Contracts ● Cryptos – 1 lot = 1 coin ● Stocks – 1 lot = 100 shares ● Silver – 1 lot = 5000 ounces ● Gold – 1 lot = 100 ounces ● Oil – 1 lot = 1000 barrels
Where do I track the progress of my account?
Once you get your Assessment, we’ll hook you up with a nifty trader dashboard. This is where you can watch over your Assessment and Funded Accounts. And guess what? It refreshes roughly every minute, so you’re always in the loop. Just a little heads up: keep an eye on those breach levels – that’s your gig. Happy trading!
