Terms of use micro trader

What meets the criteria of a trading day?
Your average trade size is used to calculate a trading range. The range is determined by adding 100% to your average trade size to determine the maximum value and subtracting 75% to determine the minimum value. If your average trade size was 20 Lots. This means that any trades that fall within the range of 5 to 40 lots would be considered consistent with your average trade size and is a normal trading day. This final calculation is done after a trader requests their payout, and is based on all closed orders on the account. Closed trades that are placed outside of this range will be subject to review/deduction from the total profit split when HFT is used to pass the challenge.
During the funded stage, we encourage the trader to be aware that a "series" of trading outcomes will lead to a payout. Taking 1 winning trade, followed by 0.01 positions for 4 days to meet the minimum 5 day rule will not constitute as minimum trading days, as this does not correlate to real trading. Traders must execute a minimum of 5 applicable trades on 5 seperate trading days related to their strategy to be eligible for each payout. This displays consistency and classifies the type of traders we are looking for. We would like to make it clear that this should not be a problem for any trader with an edge within the foreign exchange market. Where as most firms have mutliple stages for understanding a trading style of a client, we allow our traders to display performance on the live stage quickly so they can be rewarded for their early performance, with this minor obligation set in place. We see this as fair, since the evaluation has zero restrictions, and traders are able to move into the "funded" stage as soon as 72hrs from beginning our program.
3.2.5 Trading Instruments: NovaFunding Trading Evaluation(Phase 1) includes all instruments your chosen brokerage is offering for your chosen trading platform
3.2.6 All positions must be closed before the trading period will end and before the trading period can be reviewed.
3.2.7 Exceptions: Based on your individual trading methods, it is possible to be granted an exception, however, exceptions are granted only after an interview with our Risk Management team. Without such granted exception(s), traders who take unreasonable risk may face termination of our relationship.