Yikes. What's the use of implementing and endorsing a new rule - only to have it apply for the evaluation account?
I think that we mentioned already on another thread that we also use EOD on the LiveSim account. Otherwise, you are of course entitled to your opinion on which rule is better.
So, you're making it easier and more attractive to get funded, but as soon as a trader is funded you're making it difficult for him? You should make sure to mention in bold letters that this rule only applies to simulated accounts.
Yes, we are making it easier for the trader to pass the exam. This has been a long requested change from our candidates, and we’ve responded by implementing it. We resisted this change for a long time as we agree that it means there will be a slight difference in the live account, however we did this to appease the large amount of candidates that requested it. Unfortunately, it is not feasible to make an EOD drawdown in the live account. The firm will not provide unlimited liquidity on open positions, it simply must manage its risk.
This is bad in my opinion. The trader should pass under the same rules that they will see in the live acct. While I disagree in general with E2T’s trailing drawdown (whether it’s computed intraday-session or EOD) as opposed to having a fixed drawdown (which is offered by competitors) In any event in my opinion E2T is doing their prospective clients a dis-service by using easier EOD for challenge and then switching to the worse (intraday-session) for live. It should be the same as what is used in live acct
Same argument against other companies who let you go full clip on contracts during the evaluation, although scaling once funded?
As far as I know - LeeLoo is the only company which have the exact same rules (including letting you hold overnight) during evaluation and later on as a 'funded' trader. Sadly, their trailing drawdown on unrealized profits is a deal breaker.
How much cash is actually loaded into the Live, funded real money non-sim, non-LiveSim™ cash-money account, and is that reflected on the trading software screen?
Hello Overnight! If you do a $50,000 Gauntlet Mini™ you'll get a $50,000 Live or LiveSim account once you pass, that'll be your balance or the amount reflected on the trading platform.
hi , why do you offer non trailing drawdown only for demo qualification stages? do you plan to extend this option for real accounts? it is very weird that trader after learning your rules on demo then need to immediately switch to live with a trailing drawdown..