TradeDay Rules include key aspects such as the News Trading policy auto-liquidates positions 2 minutes before and after high-impact events like FOMC Minutes and US CPI.
Traders must also adhere to Trading Time rules, ensuring all positions are closed 10 minutes before market closure.
The Consistency Rule limits any single day's profit to 30% of the total target, adjusting it accordingly.
TradeDay Rule Topics
As with any proprietary platform, TradeDay Prop Firm has specific conditions for trading; Key Areas ofTradeDay Prop Limits:
- Challenge Rules
- News Trading
- Trading Time
- Automated Trading
- Consistency Rule
- Copy Trading
- Payout Policy
TradeDay Challenge Rules
The platform has several account types, each with its own set of requirements; TradeDay Evaluation Conditions:
Account Type | Profit Target | Drawdown Type | Drawdown Limit | Position Limits | Profit Share |
$50K Intraday | $3,000 | Intraday Trailing | $2,000 | 5 Contracts (50 Micros) | 80–90% |
$100K Intraday | $6,000 | Intraday Trailing | $3,000 | 10 Contracts (50 Micros) | 80–90% |
$150K Intraday | $9,000 | Intraday Trailing | $4,000 | 15 Contracts (50 Micros) | 80–90% |
$50K EOD | $3,000 | EOD Trailing | $2,000 | 5 Contracts (50 Micros) | 80–90% |
$100K EOD | $6,000 | EOD Trailing | $3,000 | 10 Contracts (50 Micros) | 80–90% |
$150K EOD | $9,000 | EOD Trailing | $4,000 | 15 Contracts (50 Micros) | 80–90% |
$50K Static | $1,500 | Static | $500 | 1 Contract (10 Micros) | 80–90% |
$100K Static | $2,500 | Static | $750 | 2 Contracts (20 Micros) | 80–90% |
$150K Static | $3,750 | Static | $1,000 | 3 Contracts (30 Micros) | 80–90% |
As you can see, the static plans have the lowest profit targets.
News Trading in TradeDay
TradeDay auto-liquidates positions 2 minutes before and after Tier 1 economic data releases to protect accounts from high-risk trading; TradeDay Limited Events:
- FOMC Minutes
- FOMC Rate Decision
- US CPI
- Non-Farm Payrolls
- Crude Oil Inventories
- Natural Gas Inventories
- Crop Production Reports
While accidental trades won’t result in failure, abuse of this rule leads to account loss.
TradeDay Trading Time
The firm requires traders to close all positions 10 minutes before the market closes. Accidental breaches are tolerated, but repeated abuse leads to account loss.
Automated Trading Rules in TradeDay
The firm prohibits direct API access to Tradovate and forbids using third-party algos or bots; TradeDay Supported Platforms for Automation:
- NinjaTrader
- Tradovate (without API)
- TradingView
- Jigsaw
TradeDay Consistency Rule
The firm limits any single day’s profit to 30% of the total profit target; exceeding this doesn't cause failure but raises the target; TradeDay Consistency Calculation:
- Best day’s profit ÷ 0.30 = new required total profit.
TradeDay Copy Trading
TradeDay doesn't support funding multiple accounts, so copy trading across evaluations is not allowed, but copying from a personal account into one TradeDay account is permitted.
Payout Policy Set by TradeDay
Payouts are allowed from day one after clearing the buffer, with a $250minimum, and are processed daily if requested before 5:30 PM.
Writer’s Opinion and Conclusion
TradeDay Rules are designed to allow Automated Trading only through platforms like NinjaTrader, Tradovate, TradingView, and Jigsaw.
Payout Policy offers $250 minimum withdrawals, processed daily before 5:30 PM.
To engage with other articles, check out the TradeDay Tutorial page.
