What is E8 Classic?
This is our original two-phase evaluation with daily drawdown and maximum drawdown. E8 Classic is designed for the intermediate trader who has good experience with their strategy and can prove it in two phases.
Phase 1 Rules
8% Profit Target – Closed profit in your simulated trading account.
No minimum Trading days.
Unlimited Trading Days – There is no time limit, but you need to place and close at least one trade every 60 days.
4% Daily Drawdown – Maximum Floating or Closed loss calculated from your starting balance of the day.
8% Maximum drawdown – Maximum Running (floating) equity or Closed loss in the whole period.
This information is for the preset account. You can still customize some of the parameters at checkout.
Phase 2 Rules
4% Profit Target – Closed profit in your simulated trading account.
No minimum Trading days.
Unlimited Trading Days – There is no time limit, but you need to place and close at least one trade every 60 days.
4% Daily Drawdown – Maximum Floating or Closed loss calculated from your starting balance of the day.
8% Maximum drawdown – Maximum Running (floating) equity or Closed loss in the whole period.
This information is for the preset account. You can still customize some of the parameters at checkout.
E8 Trader Stage Rules
You will get to the E8 Trader stage once you pass all the requirements of your evaluation. Users who follow the objectives and comply with user agreements are eligible to receive up to 100 % of any hypothetical earnings from our simulated platform and request a payout.
Trading Rules and Policies:
Unlimited Trading Days – There is no time limit, but you need to place and close at least one trade every 60 days.
4% Daily Drawdown – Maximum Floating or Closed loss calculated from your starting balance of the day.
8% Maximum drawdown – Maximum Running (floating) equity or Closed loss in the whole period.
This information is for the preset account. You can still customize some of the parameters at checkout.
Criteria for the payout:
40% Best Day rule - With a 40% best-day rule, you must ensure that no single trading day exceeds more than 40% of your total generated profits.
Your net profit (payout share) must be greater than 50% of your daily drawdown.
Example: If you have a $100,000 account and your daily drawdown is 4%, the minimum amount required for a payout is $2,001.
News trading
In phase 1 and phase 2, you can trade news without any restrictions.
In an E8 Trader account during the release of high-impact news, a prohibition period will be enforced. This period will commence 5 minutes before the scheduled news release and extend for 5 minutes after the release.
During the prohibition period, users are prohibited from:
a. Opening new trades (Market Execution/Limit orders).
b. Closing trades (Market Execution/Limit orders).
c. Stop/Loss and Take/Profit
d. Buy Stop and Sell Stop
Please note, that if any of the prohibited actions are executed within the 10-minute period (5 Minutes before and 5 minutes after) immediately before or after the event, any profits earned during this time will be subject to removal, without any account violation.
To see all restricted news events and to see more information, you can access this article here.
Is there a consistency rule?
During the evaluation, there is no consistency rule, however, on the E8 Trader Stage, there is a 40% Best Day rule - With a 40% best-day rule, you must ensure that no single trading day exceeds more than 40% of your total generated profits.
Copy trading rules
You can copy trades from or to your personal account, another account, or even between multiple E8 Trader accounts, or between an E8 Trader account and E8 evaluation (As long as these are your own trades from your own account).
There is only one restriction:
▪️ You cannot copy trades (or use the same trading ideas) between multiple E8 evaluation accounts. Each E8 evaluation must be traded independently.
What is the available leverage?
Forex 1:50
Indices: 1:25
Metals 1:25
Energies 1:25
Crypto 1:2
Other trading rules
There are other rules regarding the Hedging policies, all-or-nothing Trading and Irresponsible Trading in Simulated Accounts. All these additional rules with detailed explanations can be accessed here.