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>>> ALL TRADERS - BE ADVISED <<<

An evaluation program will specify the maximum number of contracts that you can trade during the evaluation. This is the maximum across all open positions.

For example, with an account that allows a maximum of 5 contracts, you could have an open position of 5x ES contracts, or an open positions of 2x ES contracts and another of 3x CL contracts. You could not have two open positions of 5x ES contracts and 5x CL contracts.

Some evaluator programs allow you to trade micro contracts. Most micro contracts are ⅒ of the size of mini contracts. Some evaluators have implemented this multiple such that on a 5 contract account you can trade up to 50 micro contracts, while others haven’t – and you’re limited to say, 5 contracts whether they are micro or mini. Of course, if you’re limited to trading the same quantity of micro contracts as mini contracts, you’re going to take longer to pass the test.

Exceeding the quantity of contracts that you’re allowed to trade is generally a broken rule that leads to automatic failure. Some evaluators overlook this, recognizing that genuine mistakes occur during execution and if you quickly fix the position size error, e.g. within 10 seconds, they’ll ignore the mistake.

The best evaluators work like a real broker. They set the maximum position size limits on the simulated trading account so that if you accidentally (or intentionally!) try to open a position larger than what’s permitted to be traded, the order will be rejected.

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USE TOOLS TO YOUR ADVANTAGE

Your trading platform may be able to protect you from breaking position size rules. It’s worth checking to see if it can limit total position size. For evaluation programs based on the Rithmic paper trading server simulator, you can also set limits using Rithmic R-Trader.

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