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One Step Crypto

Updated over a month ago

Profit target

  • Phase 1: 9%

Account Violations (Hard Breach)

Hard breach are serious violations to our established rules. A hard breach happens when a trader exceeds the total drawdown limit, resulting in the immediate closure of the account.

Max Total Drawdown – 6%

  • The Maximum Drawdown is initially set at 6%.

How do you calculate the 3% Daily Cap Limit?

The Daily Cap Limit is the maximum percentage of your starting balance that your crypto account can move in any given day. The Daily Cap Limit is calculated using the previous day’s equity, which resets at 5 PM EST. In the event that the assets in your account move in excess of 3% of your starting balance from your previous day's equity in either direction, your positions will be closed out and your account will be locked until the start of the new trading day at 5 PM EST. Example: For a 100k starting balance account, with a 3% Daily Cap. If the account finishes the day, with Equity at 101k, the next day’s limits will be 101k +/- 3k (i.e. 98k - 104k).

How do you calculate the Maximum Drawdown?

The Maximum Drawdown is initially set at 6% and is static and will therefore remain at the same value for as long as the account will remain active.

Example: If your starting balance is $100,000, you can drawdown to $94,000 before you would violate the Maximum Drawdown rule. Then for example let's say you take your account to $102,000 in CLOSED BALANCE, your Maximum Drawdown would remain at $94,000. So, regardless of how high your account goes, your drawdown will remain the same.

Is there a breach for inactivity?

Yes. We will consider you inactive and your account will be breached if you do not have any trading activity on your account for 30 consecutive days.

What Platform can I trade on?

All trades will be executed on the DXtrade platform.

What are the trading hours?

Trading hours are set by the cryptocurrency exchange or Liquidity Provider(s) and are generally open 24 hours. We do not have any control over the trading hours.

Please note that holidays can have an impact on available trading hours.


News Trading

In funded accounts, it is not permitted to execute new trades or close existing trades on instruments affected by red folder macroeconomic events within a period of 8 minutes window (4 minutes before the news and 4 minutes after the news).

This refers to the manual or automated execution of trades within a specific 8-minute window, starting four minutes before and ending four minutes after an important news event (see list of events).

Any profit obtained during this window may be deducted from your account. In rare cases, it may be necessary to reset the account.

This rule only affects instruments related to the event (for example, news about the EUR does not prevent you from trading XAU/USD).

Additionally, this rule does not prevent you from opening a trade before the 8-minute window, holding it throughout the period, and closing the trade after this window. The rule does not apply to phases one and two of all our challenges. This rule only applies to funded simulated accounts.

Red Folder Macroeconomic Events can be found under the following button:

​The following table illustrates some of the Events that restrict trading activities. To see all Major Announcements, please go to the link mentioned above.


Minimum Trading Day Requirement for Instant Accounts – WSFunded

Traders with WSFunded Instant accounts are required to complete a minimum of 4 profitable trading days before they can request a reward. These trading days do not need to be consecutive; however, for a day to count as a valid trading day, a minimum profit of 0.5% of the initial balance must be achieved.


Is it mandatory to use Stop-Loss (SL) for all trades?

Mandatory Use of Stop Loss (SL) and Take Profit (TP)

All trades executed during high-impact news events must have pre-defined Stop Loss (SL) and Take Profit (TP) at the time the trade is opened.


Leverage

  • BTC: 1:5

  • ETH: 1:5

  • Others: 1:2


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