Simulated trading. Substantial risk of loss.

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ONYX

26 articles

All sections/The evaluation

The consistency rule

One number, one percentage, evaluation only: no single day may be more than 35 percent of your target.

This is the only rule on the account that belongs to ONYX rather than to the market. It sets the most any single day can count toward your target, so no lucky session carries your pass. It is a flat percentage for the whole evaluation, and it is gone the moment you pass.

2.5

No single day may count more than 35 percent of your profit target toward it.

35 percent of your target

2.6

The rule is a single percentage that applies for the whole evaluation.

There is no fixed daily cap set on day one, and the percentage does not scale with your balance or your drawdown.

2.7

If a day beats 35 percent, your target rises so that the day equals 35 percent of the new target. The day is not voided and there is no penalty.

2.8

The consistency rule applies in the evaluation only. The live account carries none.

One rule in. Zero rules of ours out.

Not answered here? A person will tell you.

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This rule book is the plain language statement of the rules ONYX applies. Where it differs from the Terms of Use, or from the documentation you sign for a live account, that document governs.

The evaluation is simulated trading. No real capital and no real market execution are involved in it, and passing an evaluation does not guarantee placement: a live account is offered at the discretion of the firm and subject to broker approval. Trading futures and options carries a substantial risk of loss and is not suitable for every investor. Hypothetical performance results have inherent limitations, some of which are described under CFTC Rule 4.41.