Terms of use micro trader

3.1 Parties. This Agreement is made between yourself, as our client (hereinafter referred to as “you” or “your'' or, “trader” or in general terms, the “client”) and NovaFunding Trading Evaluation. This Agreement describes in full detail the Terms of Use you must accept, without restrictions or objections, before registering with us. By registering with us, you are acknowledging that you have read and fully understand these Terms of Use.
3.2 Trading. It is important to understand that under this program we are looking for a trader who can generate stable, long term returns. As such, you hereby agree, not to trade with ‘unreasonable’ risk or gambling kind strategies. All trading activity will be monitored in real time to be sure you adhere to the restrictions and guidelines below. Failure to do so may end our relationship immediately and forfeiture of any fees paid or profits due.
3.2.1 Traders may not use any EA's, scripts or robots which engage in High Frequency Trading during the funded stage. Nor may traders engage in copy trades or following other traders' entry and exit signals. Traders may only copy trades that are their own. NovaFunding shall have the right to deem that Traders are coordinating or participating in trade copying if several trades with the same instruments in the same direction are made within seconds of each other. All trades must be based on the trader's own analysis and decisions. Traders may copy trades internally from their own funded accounts with other firms or through their own Nova Funding accounts. If a trader is participating in copy trading and matches multiple users on our platform, they will be given a violation. The first violation will be a warning and deduction of any profits made while copying other users. The second violation will result in a breach of the account.
3.2.2 Providing Signals to third parties: The Trader is not allowed to provide trading signals from NovaFunding Trading Evaluationaccount nor from the NovaFunding Trading Program Account in any format (digitally or manually) to third parties or any other NovaFunding Accounts without NovaFunding approval.
3.2.3 News event trading: News event trading is allowed in NovaFunding Trading Evaluation (Phase 1) and during The
Funded Phase (Phase 2). Economic events can be found in the Client Section under the menu link “Economic Calendar”. Please remember, high impact news can affect instruments that are not directly correlated to the country releasing its economic data. The use of delayed data feed, tick scalping, or any form of risk-free profit during the funded stage is not allowed. There are no restrictions during the evaluation at this moment, attempting to use any form of risk-free profit on the funded stage is strictly prohibited.
3.2.4 Responsible and consistent strategy: Your trading strategy must be responsible and consistent during the whole trading period. Your trading must demonstrate that your strategy works in the long term and is not based on pure luck. If the Trader places an unusually large number of orders for the Services within an unreasonably short period of time or places unusually large or small orders compared to previous trades, it will be considered as harmful or gambling behavior of the Customer. In such cases, the Provider reserves the right to suspend any further orders of the Services by the Customer and has the right to terminate Trader’s account. If we identify that the unusual behavior as per this paragraph relates to the Customer's involvement in Forbidden Trading Practices, we may take respective actions as perceived in Section 5 of General Terms and Conditions (https://nova-funding.com/legal). The Risk Assesment team reserves the right to determine, at its own discretion, the nature of the behavior described above and reasonable boundaries for such determination.
3.2.5 Grid Trading EA's, Martingale EA's, and Guaranteed Limit Order Fills are all strictly prohibited during the funded trading stage. Each trader can find more information, including examples and a full explanation, in our Frequently Asked Questions page under "Prohibited Trading Styles Explained"
3.2.6 Weekend trade holding during the funded stage is not allowed for our 1-Step program unless previously approved by the risk team. A trader can request to hold through the weekend on Fridays only through the live chat option before market close.
Per trader payout, funded traders must engage in 5 minimum trading days throughout each trading period. A trading period is indentified as the point where a trader takes their first trade, into the time of payout.
3.2.7 The participation of 3rd party funded account management services is strictly prohibited and can result in a termination of this agreement as well as the funded account. The trader should not make public their MT4 login or password through sharing this data with anyone. The trader will not allow 3rd party services to conduct any trading on accounts on their behalf.