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Faq’s

Frequently Asked Question

The best way to begin is by entering the EDMOND Trading Evaluation Program (TEP). This program is designed to showcase your abilities in real-time, allowing you to trade, track, measure, and share your progress with ease. By successfully completing the TEP, you will be approved for a funded account, which will give you the opportunity to start trading immediately. With the help of this program, you can set yourself up for success from the very beginning.

EDMOND We offer trading account sizes ranging from $50,000 to $250,000. Our monthly subscription is designed to be flexible, so you can upgrade or downgrade your package as you wish.

Number of Trading Days In order to be eligible for funding, you must trade a minimum of 7 trading days. Permitted Products We want to ensure all of our traders have a solid understanding of the products they are trading. As such, we only permit certain products: Equity Futures E-mini S&P 500 (ES) Nikkei NKD (NKD) E-mini NASDAQ 100 (NQ) Mini-DOW (YM) E-mini Midcap 400 (EMD) Russel 2000 (RTY) Interest Rate Futures Eurodollar (GE) 2-Year Note (ZT) 5-Year Note (ZF) 10-Year Note (ZN) 30-Year Bond (ZB) Ultra-Bond (UB) Currency Futures Australian $ (6A) British Pound (6B) Canadian $ (6C) Euro FX (6E) Japanese Yen (6J) Swiss Franc (6S) New Zealand Dollar (6N) Agricultural Futures Lean Hogs (HE) Live Cattle (LE) Feeder Cattle (GF) Corn (ZC) Wheat (ZW) Soybeans (ZS) Soybean Meal (ZM) Soybean Oil (ZL) Energy Futures Crude Oil (CL) E-mini Crude Oil (QM) Natural Gas (NG) E-mini Natural Gas (QG) Heating Oil (HO) New York Harbor (RB) Metal Futures Gold (GC) Silver(SI) Copper(HG) Platinum(PL) Palladium(PA) miNY Silver (QI) miNY Gold (QO) Micro E-Mini Futures - Available May 13, 2019 Micro E-Mini S&P 500 (MES) Micro E-Mini Dow Jones (MYM) Micro E-Mini Nasdaq-100 (MNQ) Micro E-Mini Russel 2000 (M2K) Allowable Trading Times All positions MUST be closed by 4:15 PM EST. The trading day will start again at 6:00 PM EST and end at 4:15 PM EST (not counting holidays or weekends). Maximum Position Size The account size you choose limits the maximum position size across all products that you're allowed to have open at any given time. Required Profit Targets It also depends on the account size you select. Zero Daily Loss Limit EDMOND believes that traders should have the freedom to pursue their goals without limits. That's why we have implemented a no daily loss limit policy. However, we do have a maximum drawdown limit in place to ensure the safety of our traders and their accounts. Trailing Drawdown Feature This feature allows us to keep our account balance from hitting or exceeding a certain amount. As our account balance increases, the trailing drawdown will increase a defined distance as well. This helps us to protect our profits and avoid taking on too much risk.

Here is the complete list of all the third-party trading platforms EDMOND supports: • Ninjatrader - Preferred Platform / Free During Evaluation • R | Trader - Free During Evaluation & Funded • R | Trader Pro - Free During Evaluation & Funded

The way we determine your funding eligibility is by your Net P&L. This is factored in on all simulated accounts during the evaluation, including commissions and all other fees. By doing this, it allows us to get a clear picture of your trading skills and potential. We want to make sure that our traders can consistently generate profits, regardless of the market conditions. Therefore, we use the Net P&L as our main metric. By using this metric, we can ensure that only the most talented and profitable traders are funded.

There are no refunds for any evaluation account after a trader subscribes. When someone subscribes, our system automatically creates the login credentials and sends them out via email.

Our algorithms are designed to protect you and to give you a chance from having one bad day ruining your evaluation. By automatically flattening your positions and halting any further trading for the day once you exceed your daily loss limit, we are ensuring that you have a chance to recover from a bad day. This is just one of the ways that we are committed to protecting you. We believe that this is the best way to safeguard against impulsive decisions that could have a negative impact on your portfolio.

The funding process is an important part of the overall trading experience. After completing the Evaluation phase, we submit your results to the funding Team. Upon approval, you will receive and complete the trading contract and other documents needed. Within a short period, the account will be created, and you will receive your account login credentials and be enabled to trade your Prop Account. The funding process is an important step in ensuring that you have the best possible experience when trading. By taking a few days to complete this process, we can ensure that you are fully prepared to trade and that you have all the necessary resources at your disposal. Thanks for your patience as we work to provide you with the best possible experience. Here's a breakdown of the steps: 1. Complete the Evaluation phase with a profitable net P&L 2. Submit your responses to our Trader Questionnaire Get your PA Account 3. Hit profit watermarks and request your payout then finalize and accept your trader contract 4. Get Paid!

Your account automatically renews monthly until you meet your goal or cancel your account. This allows for you to get continual support and access to the tools you need to achieve success. From the beginning, you will have access to our state-of-the-art software that allows you to see progress and track goals. In addition, our team of experts are available 24/7 to answer any questions and give support when needed. With this type of dedication and commitment, meeting your goal is inevitable. What is the consistency objective • No single day’s profit should exceed 30% of the profit target. • If you have a profitable day in excess of 30% of your profit target you do not fail the evaluation (but your profit target does increase).

We calculate the inconsistency rule by taking your day's Profit and Loss (PnL) as a percentage of the total PnL you have earned to date (NOT your profit target). An example of an inconsistent day: Profit for the day / total profit made so far on the evaluation. 750 / 1800 = 41%.

Early days always show as inconsistent because they make up a significant percentage of your total profits, but as your profits grow, they will dilute down to be consistent.

Take your profit target x 30%. For example, the profit target is $2500 x 30% = $750. This is the maximum you should make in any one day if you want to have all days marked as consistent on the day you reach the profit target.

If that day exceeds 30% of the profit target, the profit target will increase. You will have to continue to build your total profits until that day accounts for 30% or less of your total.

Best days profit / 30% = Total profits needed to pass the evaluation $775 / 30% = $2583.33 Let’s take a look at an example: If a trader reaches the profit target of $2000, and they made $800 of it in just one day, then the evaluation challenge is not finished. ($800 of $2000 is 40%) The trader does not fail the Evaluation Challenge, they just have to keep trading until that day and accounts for less than 30% of the total PnL. In this example, the trader needs to continue to trade until their total profits are $2667, at which point the $800 day will represent 30% of the total profits.

For you, the Evaluation Challenge is your path to getting funded as a trader. For us, it’s our way of assessing your potential to make money as a trader and getting an assessment of what sort of trader you are. Large, profitable days, that sit outside what we would normally expect given the amount of risk we give you, can be signs of gambling and taking large risks in trading (such as taking a position before a major economic announcement, and hoping the market accelerates in your favor). Also, we all get lucky from time to time, sometimes we will have a position in the market when an unexpected piece of news results in quick, large windfalls. These events are great in the live markets but tell us nothing about your ability to trade over the long term. By discounting large profitable days, we can see that you have achieved the profit target objective through consistent, acceptable risk-taking. To be clear, if you do have a large profitable day during the Evaluation Challenge, it is not considered a failure or rule breach, you are still being evaluated for funding.

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To be clear, if you do have a large profitable day during the Evaluation Challenge, it is not considered a failure or rule breach, you are still being evaluated for funding.