The Daily Stop Loss is a safeguard that limits the maximum amount your account can lose in a single day. It is determined based on your previous day's account balance, which is reset at 5 PM EST. Unlike some other proprietary trading firms, we don't use the previous day's equity for this calculation. Instead, we use the account balance model, which allows you to grow your profits without the risk of losing your entire account.

Here's an example to illustrate how it works: Let's say your account's end-of-day balance (at 5 PM EST) was $100,000. If, at any point during the current day, your equity drops to $95,000, your account will violate the daily stop loss limit.

Even if your floating equity (unrealized gains or losses) is positive, for example, +$5,000 on your $100,000 account, your new-day's (at 5 PM EST) maximum loss limit will still be based on your balance from the previous day, which is $95,000. This ensures that you have a clear limit on potential losses for each trading day.

The Maximum Trailing Drawdown is initially set at 6%, and it follows your account's CLOSED BALANCE (not equity) until you achieve a 6% return on your account. Once you reach that 6% return, the Maximum Trailing Drawdown stops trailing and remains fixed at your starting balance. This system offers more trading flexibility since it acknowledges you as a profitable trader, allowing you to freely compound your account.

Let's use an example to illustrate this: If your starting balance is $100,000, you can experience a drawdown of up to $6,000 (6% of $100,000) before violating the Maximum Trailing Drawdown rule. Now, let's say you trade and your account's CLOSED BALANCE increases to $102,000, making it the new high-water mark. This means your new Maximum Trailing Drawdown would be $95,880 (6% of $102,000).

Continuing with the example, if your CLOSED BALANCE then reaches $106,000, setting another high-water mark, the Maximum Trailing Drawdown would be locked in at your starting balance of $100,000. Consequently, no matter how high your account goes, you would only breach this rule if your CLOSED BALANCE goes back down to $100,000. However, it's important to note that you can still violate the daily drawdown rule, which is separate from the Maximum Trailing Drawdown.

In summary, as long as you maintain your account equity above $100,000 and keep daily drawdowns within the 5% limit, you won't violate the Maximum Trailing Drawdown rule.

Through the support of investors, we have the means to financially back skilled traders by providing them with live trading accounts. As a trader funded by our firm, you have the opportunity to showcase your trading prowess and achieve success while benefiting from the financial backing we offer. This means that you will be actively trading real accounts, and any profits you make will contribute to your achievements as well as the firm's overall success.

You are allowed to hedge positions on both sides as long as you trade within the approved 1:10 leverage and lot size, which can be found in your dashboard upon purchase. Hedging means opening positions in opposite directions to mitigate risk.

For example, let's say you have a $100,000 trading account and are trading the EUR/USD currency pair, which has a current price of 1.11000 (please ensure to use the asset price at the time of your calculation). With the maximum allowed leverage, you can take a position size of up to $1,000,000 / 1.11000 (EUR/USD price) = $900,900 / $100,000 (size of a standard lot) = 9.009 lots, which can be rounded to 9.00 lots.

This means if you enter a BUY order for EUR/USD with 9 lots, you can only hedge that position with a SELL order for up to 1 lot since the maximum lot size allowed is 10 lots.

However, if the market moves in your favor, and you adjust your Stop Loss to breakeven (locking in a profit on the overall position), you will then have the freedom to enter a SELL order for up to 10 lots on EUR/USD. This is because moving the Stop Loss to breakeven frees up some of your lots, allowing you to utilize the full permitted lot size for hedging.

It's important to note that hedging can help reduce the required margin, but this is separate from the Maximum Lot Size with Risk criterion. Additionally, moving the Stop Loss to breakeven enables more lots to be used for hedging, but it doesn't provide additional margin for trading. Margin and Lot Size with Risk are two independent criteria that must be met separately.

EA's, Copy Traders, Scripts, and Indicators are all allowed.

You can trade with confidence knowing that we have a transparent approach with no hidden rules, unlike other proprietary trading firms. All the evaluation and funded account criteria can be found on this page, so please take the time to read and understand each rule thoroughly. Our goal is to prioritize your success, and one way we achieve this is by welcoming traders who comprehend our operational guidelines.

There are only three ways an account can be breached and result in losing it. These are as follows:

1. Drawdown Rule: This rule relates to the maximum allowed loss in your account before it gets breached.

2. Daily Loss Rule: This rule sets a limit on the maximum amount you can lose in a single trading day.

3. Inactivity of 30 Days: If you don't place a trade at least once every 30 days on your account, it will be considered inactive, leading to a breach of the account.

By understanding and adhering to these three rules, you can confidently trade and focus on your success with us at Eightcap/The Whale Order.

There are 3 ways to lose an account: Daily Stop Rule, the Trailing Drawdown Rule, or after an inactivity period (not opening or closing a trade) of 30 days.

You are allowed to undertake one evaluation at a time. Currently, our "limits" framework operates as follows:

1. The maximum funding allocation for an individual trader is $2 million. This amount can be achieved through multiple assessments, but each assessment must have a different size and not be active simultaneously.

2. The maximum funding allocation for a particular trading strategy or EA (Expert Advisor) is also $2 million. This can be achieved through multiple assessments, as long as each assessment uses a distinct size and is not active concurrently.

Please note that these limits specifically apply to "off-the-shelf" EA's, which are pre-built trading algorithms available in the market and used by multiple traders. We prioritize funding independent and unique strategies, not those that are identical and widely used.

There are no restrictions on the number of accounts you can have, as long as the total funding allocation across all your accounts remains within the $2 million limit. Additionally, there are no limitations on compounding. You can start with up to $2 million in initial funding, and then grow your account to any desired balance, be it $10 million, $20 million, or beyond.

We are committed to supporting traders with diverse strategies and enabling them to achieve significant growth in their accounts without arbitrary constraints.

In our terms and conditions, you will find a detailed explanation of these rules (accessible upon purchasing your evaluation). If we discover that your trading practices involve Malicious Practices, your participation in the program will be terminated, and you may lose any fees paid to The Whale Order LLC. Before granting a funded account, both The Whale Order LLC and the Broker will review the trader's trading activity under these Terms and Conditions to assess whether it constitutes Malicious Practices. If such practices are detected, the trader will not receive a funded account.

To put it simply, engaging in activities that take advantage of arbitrage pricing or latency is strictly prohibited. This includes practices like exploiting pricing or platform errors or using non-public and/or insider information. Front-running trades placed elsewhere, trading in a manner that jeopardizes the relationship with the broker, creates regulatory issues, or using certain third-party strategies, including off-the-shelf strategies marketed to pass assessments, is also considered Malicious Practices.

We take these actions to safeguard The Whale Order's business model and uphold our core philosophy of providing serious funding to serious traders. We are committed to maintaining the integrity of our platform and services. If anyone is found to be using malicious EA's or strategies aimed at passing evaluations (affecting a small percentage of our customers), they will be deemed to be engaging in Malicious Practices and may receive a partial refund of their initial payment. Furthermore, they will be permanently barred from using The Whale Order or any of its services in the future.