Discussion of the OneFunded Forex Contest
tatboyyanda posted:where do we trade? like the trading app??
Hi! The tournament will be traded on the MT5 (MetaTrader 5) platform. Before the competition starts, you'll receive your MT5 login credentials to place your trades.
Best regards, OneFunded Team
LongJohnSilver7 posted:OneFunded posted:Chocolateforex posted:It says, No Scalping in 1 of the rules. What’s their definition of scalping?
Hi!
The "No Scalping" rule specifically refers to tick scalping, not standard scalping strategies.
Tick scalping involves executing a very high volume of extremely short-duration trades to capture tiny price movements on individual ticks. This includes:
- Ultra-short holding times- Excessive execution frequency- Micro-scalping behavior- Strategies that rely on unrealistically precise execution conditions or simulated execution characteristicsRegular scalping strategies are allowed. Only trading styles primarily designed to exploit market microstructure inefficiencies or platform execution behavior are prohibited.
Best regards, OneFunded Team
Is there a limit in time, for example, if you keep the trade 2 or 5 minutes it will not be considered scalping. Something more mathematical so that we can be sure we are not scalping.
Hi! The key factor is the overall trading pattern and behavior, not a single trade. As a general guideline, trades held for more than 2 minutes are typically not considered tick scalping. However, even if you occasionally have a trade that lasts less than 2 minutes, that alone will not be treated as a rule violation. We look at your trading activity as a whole. Tick scalping is identified by a consistent pattern of executing a high volume of ultra-short trades designed to exploit execution or pricing inefficiencies, rather than by the duration of any individual trade.
Best regards, OneFunded Team
OneFunded posted:BJaiswal posted:EA or Indicator are allowed or not?
Hi! There are no restrictions on using EAs or indicators during the tournament
Best regards, OneFunded Team
Hi, we really got confused here, Onefunded support in this discussion stated EA's are not allowed in the contest, now please final answer, is EA's allowed in the challenge or funded accounts ?
Sanfo2 posted:NITINAN789 posted:"Trading is a marathon, not a sprint. After 11 years in the game, I'm just here to enjoy the ride and see how my strategy handles the volatility. Good luck everyone! 🚀"
I still can’t trade the account on mt5
Could it be that it's because the contest haven't started?
Hope y'all good luck💹
OneFunded posted:BJaiswal posted:EA or Indicator are allowed or not?
Hi! There are no restrictions on using EAs or indicators during the tournament
Best regards, OneFunded Team
Hi team, I want to confirm before the July 1 tournament:
1. Is martingale strategy (increasing lot size after losses) allowed during the tournament?2. Is grid trading allowed during the tournament?3. What is the daily drawdown limit for the tournament?4. What is the maximum drawdown limit for the tournament?5. What is the prize / what happens if I win?
Please confirm in writing. Thank you!"
OneFunded posted:tatboyyanda posted:where do we trade? like the trading app??
Hi! The tournament will be traded on the MT5 (MetaTrader 5) platform. Before the competition starts, you'll receive your MT5 login credentials to place your trades.
Best regards, OneFunded Team
When did it happen, and how long did it last?
Sudip45 posted:Ok
No scalping . swing trading.trend is your friend .
OneFunded posted:tatboyyanda posted:where do we trade? like the trading app??
Hi! The tournament will be traded on the MT5 (MetaTrader 5) platform. Before the competition starts, you'll receive your MT5 login credentials to place your trades.
Best regards, OneFunded Team
Could you please confirm whether scalping and automated trading (bots/EAs) are allowed on this account?
Sanfo2 posted:NITINAN789 posted:"Trading is a marathon, not a sprint. After 11 years in the game, I'm just here to enjoy the ride and see how my strategy handles the volatility. Good luck everyone! 🚀"
I still can’t trade the account on mt5
Hi! The tournament is currently in the registration phase, so trading has not started yet. Trading will begin on July 1.
Best regards, OneFunded Team
Salileh posted:OneFunded posted:BJaiswal posted:EA or Indicator are allowed or not?
Hi! There are no restrictions on using EAs or indicators during the tournament
Best regards, OneFunded Team
Hi team, I want to confirm before the July 1 tournament:
1. Is martingale strategy (increasing lot size after losses) allowed during the tournament?2. Is grid trading allowed during the tournament?3. What is the daily drawdown limit for the tournament?4. What is the maximum drawdown limit for the tournament?5. What is the prize / what happens if I win?
Please confirm in writing. Thank you!"
Hi! All tournament rules, trading conditions, and prize details are available in the official competition rules:https://www.myfxbook.com/contests/onefunded/48/rules
To clarify a few of your questions:
Martingale and grid trading are not prohibited by the tournament rules. There is no daily drawdown or maximum drawdown limit during the competition. The prize structure is listed in the official rules at the link above. Best regards, OneFunded Team
thaifxsn posted:OneFunded posted:tatboyyanda posted:where do we trade? like the trading app??
Hi! The tournament will be traded on the MT5 (MetaTrader 5) platform. Before the competition starts, you'll receive your MT5 login credentials to place your trades.
Best regards, OneFunded Team
When did it happen, and how long did it last?
Hi! The tournament is currently in the registration phase, during which trading is intentionally disabled. Trading will become available when the competition officially starts on July 1 and ends on July 15.
Best regards, OneFunded Team
goqxjan posted:OneFunded 2-Step Challenge - What does this mean? How will these prizes be used?
What are the criteria for trading? Is there a maximum drawdown after which it will no longer be possible to continue the contest?
Hi! If you place in a prize-winning position, you'll receive either:
- A Funded Account, which allows you to trade immediately under OneFunded's funded account rules; or - A 2-Step Challenge, which is an evaluation account. After successfully completing both evaluation phases, you'll receive a funded account. There is no daily drawdown or maximum drawdown limit in the tournament itself. The objective is to achieve the highest profit while following the competition rules.
You can find the full rules and prize details here: https://www.myfxbook.com/contests/onefunded/48/rules
Best regards, OneFunded Team
Salileh posted:OneFunded posted:BJaiswal posted:EA or Indicator are allowed or not?
Hi! There are no restrictions on using EAs or indicators during the tournament
Best regards, OneFunded Team
Hi team, I want to confirm before the July 1 tournament:
1. Is martingale strategy (increasing lot size after losses) allowed during the tournament?2. Is grid trading allowed during the tournament?3. What is the daily drawdown limit for the tournament?4. What is the maximum drawdown limit for the tournament?5. What is the prize / what happens if I win?
Please confirm in writing. Thank you!"
Hi! Martingale and grid trading are allowed during the tournament. There is no daily drawdown limit and no maximum drawdown limit. If you finish in a prize-winning position, you'll receive either a OneFunded Funded Account or a OneFunded 2-Step Challenge, depending on your final ranking. You can find the full tournament rules and prize details here: https://www.myfxbook.com/contests/onefunded/48/rules.
Best regards, OneFunded Team
