Apex Trading: How To Trade While Following The Rules?
Learn how to maximize your performance while complying with Apex Trader Funding’s requirements. Discover how to trade by adhering to Apex Trading’s rules.
PS: If Apex Trading is new to you or if you’re looking for detailed information about this prop firm, don’t miss our comprehensive guide:
Apex Trader Funding: Review, Analysis and Promotions.
Ready to dive into the details? Let’s go, let’s focus on Apex’s rules.
6 General Evaluation Rules to Follow at Apex Trading
At Apex Trader Funding, there are six key rules you must adhere to keep your trading on the right track. Here’s what you need to respect to succeed:
1- Adhere to Minimum Trading Days Requirement
Trading Requirement:
Ensure you trade for at least 7 market days, which do not need to be consecutive. It's important to note that Apex Trader Funding sometimes offers promotional campaigns where the required number of days is reduced to 3, or even just 1, known as the "3 Days Pass" or "One Day Pass." Make sure to stay informed about these promotions to take advantage of these relaxed conditions.
2- Meet Specific Profit Targets
Each Apex Trading account has its unique profit target. Ensure you aim accurately without exceeding loss limits:
- 25K FULL → Profit Target: $1,500
- 50K FULL → Profit Target: $3,000
- 75K FULL → Profit Target: $4,250
- 100K FULL → Profit Target: $6,000
- 150K FULL → Profit Target: $9,000
- 250K FULL → Profit Target: $15,000
- 300K FULL → Profit Target: $20,000
- 100K STATIC → Profit Target: $2,000
Reaching this target is crucial for progressing in the evaluation program.
3- Master Apex Trading’s Trailing Drawdown
The Trailing Threshold is a key measure at Apex Trading, ensuring appropriate risk management. Here are the thresholds not to be exceeded for each account type:
- 25K FULL → Trailing Threshold: $1,500
- 50K FULL → Trailing Threshold: $2,500
- 75K FULL → Trailing Threshold: $2,750
- 100K FULL → Trailing Threshold: $3,000
- 150K FULL → Trailing Threshold: $5,000
- 250K FULL → Trailing Threshold: $6,500
- 300K FULL → Trailing Threshold: $7,500
- 100K STATIC → Total Drawdown: $650
Understanding and adhering to this threshold is crucial for keeping your account active and succeeding with Apex Trading.
4- Code of Conduct and Account Management
Professionalism and Collaboration:
Abiding by the Code of Conduct at Apex Trader Funding extends beyond mere trading skills; it encompasses professionalism and the ability to collaborate. As a partner, you are required to treat the staff, other traders, and the entire company with respect. Adhering to this code means committing to established procedures, responding appropriately to market conditions, and fully mastering the tools and technologies available to you. Professional and conscientious behavior paves the way for a successful partnership with Apex.
Optimizing Account Management at Apex:
Rigorous management of your evaluation account is essential. Use platforms like Rtrader or Tradovate to effectively monitor the maximum drawdown and have a backup plan ready to close trades when necessary. Ensure all positions are closed and all orders are canceled before 4:59 PM ET each trading day. Although trading is allowed on market-open holidays, be aware that half-day holidays are not considered active trading days. Additionally, some markets may require an earlier close; thus, stay well-informed about specific market hours.
For a deeper understanding of the Code of Conduct at Apex and best account management practices, watch this video.
5- Monitoring and Closing Trade Rules
Proper monitoring and closing of trades are crucial for the success of your evaluation account. Ensure you adhere to these guidelines:
Apex's 4:59 PM ET Rule: Mandatory Closing and Cancellation
All trades must be closed and all pending orders canceled BEFORE 4:59 PM ET. Apex Trader Funding has adapted the 4:59 PM ET rule. Apex Trading will cancel open positions and pending orders associated with a position. However, you must still cancel orders not attached to any position, or they will remain active and could liquidate the account. Markets requiring earlier closures are not affected by this rule change and must still be manually canceled.
Holiday Trading at Apex Trading
You can trade on holidays if the markets are open, but half-day holidays will NOT count as an active trading day. Apex accounts them the following day.
Early Closure for Agricultural Products: Know the Schedules
Agricultural products (Ags) must be closed earlier than usual market hours. For precise closing times, check the closure rules on the Apex Trader Funding site.
Trader's Responsibility:
Closing Trades on Time It's YOUR responsibility to close your trades before 4:59 PM ET. Do not rely on the safety feature to close your trades. While leaving a trade open after this time won't automatically result in failure, you could fail if it leads to exceeding your risk threshold.
6- Follow-Up Instructions for Evaluation Accounts
Rigorous follow-up of your evaluation account is essential for its proper management:
Maintaining the Balance Above the Profit Goal
Your account balance must remain above the set goal, even after meeting the criteria before the minimum number of trading days.
Managing Failed Accounts
In case of failure, you have eight days to reset your account or to sign up for a new one if no other active subscriptions are in place.
Clarity of Rules upon Renewal
A negative initial balance upon renewal does not necessarily mean a failed account, but be mindful of the negative drawdown.
Deep Understanding of Apex's Rules
Don't assume knowledge of the rules based on other companies. Fully acquaint yourself with Apex Trader Funding's rules to avoid any misunderstandings.
What Are the Performance Account (PA) Rules at Apex Trading?
Apex Trader Funding has clear expectations for traders looking to progress on their platform. Let’s delve into what these are:
Apex Trader Funding is in search of traders who:
✔ Adopt a disciplined strategy:
If you have a defined trading system with specific rules for entries, exits, stops, and profit-taking, you’re on the right track.
✔ Demonstrate consistency:
The key is to trade consistently, whether in terms of size, frequency, or risk management. This is the type of profile Apex seeks.
✔ Commit to a long-term partnership:
Apex aims to partner with traders who follow a well-established plan, use regular position sizes, and aim for stable account growth.
Apex avoids partnerships with traders exhibiting:
✘ Risky behaviors:
Gamblers, those looking for overnight success, or those who adopt an erratic approach do not fit well within the Apex ecosystem.
✘ Questionable tactics:
Strategies designed to manipulate or circumvent the system, thus compromising the integrity and fairness of the platform, are strictly rejected by Apex.
✘ Minimalist strategies:
Merely doing the bare minimum to meet criteria without genuine engagement in trading is not what Apex looks for.
Golden Rules of Consistency for Your Apex Performance Account
To thrive with your Apex Trader Funding Performance Account (PA), there are key consistency rules to remember. Here are the essentials:
📌 Adhere to the 30% Withdrawal Rule:
📌 Special Note: Semi-Automated Tools:
The age of full automation? Not at Apex. But, you can make the most out of semi-automated tools, provided you remain in control.
📌 Proactive Responsibility and Management:
It’s your responsibility to monitor key dates and closing times. Make sure to complete all your transactions before 4:59 PM each trading day.
📌 Consistency Rule Calculators:
At Trading Strategy Fr, I offer specially designed consistency calculators to help you adhere to Apex rules easily.
With these golden rules in mind, you’re well-prepared to start your journey with Apex. To ensure you always stay compliant, especially with the 30% rule, I’ve developed specific tools to ease the process.
Our Consistency Calculators for Apex Trader Funding
These calculators are designed to help you swiftly and effectively check your compliance with Apex‘s requirements. Whether you’re adjusting your strategies or performing a quick check before a withdrawal, these tools will empower you to trade with more confidence and peace.
- Best Trading Day Compliance Check:
A straightforward tool ensuring your best trading day is well below the 30% threshold, allowing you to continue trading worry-free. - Strategic Trading Adjustment:
If you exceed the limit, don’t worry. The adjustment calculator will guide you step by step to a compliant level, aligning your strategy with Apex’s criteria.
The goal? To provide everything you need to navigate the Apex criteria smoothly and make the most of your PA account. Explore these tools on Trading Strategy Fr and stay on the path to success.
Daily PnL Compliance Calculator for Apex Trading
Use our calculator to check if the profit from your best trading day is in line with Apex Trader Funding’s 30% consistency rule.
Total PnL Adjustment Calculator for Apex Trading
If you’ve exceeded the consistency rule, enter the profit of your best day here to calculate the target total PnL in order to comply with the rule.
5 Rules to Understand for Optimizing Your Withdrawals at Apex Trader
Mastering the management of your earnings at Apex Trader Funding requires precise understanding of the guidelines governing withdrawals. These rules ensure smooth and fair management of your funds. Here are the essential elements to grasp:
1- Understanding Profit Sharing:
Keep in mind the sharing formula: you pocket 100% of your first $25,000 in profits, then 90% beyond that. This structure is designed to reward you generously for your efforts
2- Withdrawal Request Planning:
Adhere to the specified schedule for withdrawal requests (from the 1st to the 5th and from the 15th to the 20th of each month) for seamless management of your funds. Payment timelines are clearly established to assist in your financial planning.
3- Manage Your Account Post-Withdrawal:
The ability to continue trading after making a withdrawal provides great flexibility. However, it’s crucial to manage your account considering the withdrawal made to maintain required fund levels.
4- Follow Withdrawal Procedures:
Once a withdrawal request is made, it becomes final. Take the time to ensure all conditions are met before submitting your request. Remember, a mandatory interval of 10 trading days is required between withdrawals to remain eligible.
5- Prepare for Financial Aspects:
The minimum withdrawal threshold is set at $500, with specific limits applied in the first few months. As taxation falls under your responsibility, it is important to prepare accordingly to manage your obligations effectively.
These guidelines are designed to help you navigate the withdrawal process at Apex in a strategic and informed manner. For a more detailed exploration of these procedures and for additional tips on maximizing your gains, do not hesitate to check out our additional resources.
Key Takeaways from This Article on Apex Trading’s Rules
Mastering the rules of Apex Trader Funding is essential for smoothly progressing in your trading journey. By thoroughly understanding these principles and utilizing the resources available on Trading Strategy Fr, you boost your chances of success. Remember, success in trading relies as much on the strict application of rules as on your strategy and risk management.
I’m here on Trading Strategy Fr to guide you through every phase of your development, providing the necessary knowledge, strategies, and tools. If you have remaining questions or wish to delve deeper into certain areas, our additional guides are at your disposal, and I’m here to assist with any further help. I wish you all possible success and flawless compliance with the standards set by the prop firm Apex Trader Funding.
