1. Purpose

These guidelines are designed to ensure that all trading activities in NexGen Futures Trader’s simulated environment closely mirror real market conditions, promoting fair competition and preparing traders for live market success. This is all a near copy of our Code of Conduct but broken out specifically for Simulated products. We have this in place for traders who work to game the system and not achieve actual trading success.

2. General Principles

2.1 Traders must:

• Approach simulated trading with the same seriousness and ethical standards as live trading.
• Use the simulated environment as a tool for learning and strategy refinement, not for gaming the system.

2.2 NexGen Futures Trader will:

• Regularly monitor trading activities to ensure compliance with these guidelines.
• Update the simulated environment to maintain its accuracy and relevance to live market conditions.

3. Prohibited Trading Behaviors

3.1 Micro-scalping or Ultra Short Term Trading

• Consistently entering and exiting positions within seconds or a few minutes.
• Attempting to profit primarily from the bid-ask spread rather than directional price movements.
• Using high-frequency trading strategies that wouldn’t be feasible in live markets.

3.2 Overtrading

• Executing an unreasonable number of trades within short time frames.
• Consistently using position sizes that would be impractical or excessively risky in live markets.

3.3 Exploiting Simulated Fills

• Attempting to get fills at prices that would be highly unlikely in real market conditions.
• Repeatedly placing and canceling orders to test fill speeds or manipulate the simulated order book.

3.4 Risk Management Violations

• Ignoring predefined risk parameters or attempting to circumvent risk management tools.
• Taking positions that consistently exceed reasonable risk tolerances.

3.5 Inconsistent Trading Patterns

• Dramatically changing trading style or risk management approach without justification.
• Alternating between extremely aggressive and extremely conservative trading strategies.

4. Proper Use of Trading Tools and Technology

4.1 Permitted Activities:

• Using standard trading platforms, charting software, and analysis tools.
• Developing and testing legitimate trading algorithms and strategies.

4.2 Prohibited Activities:

• Using or developing tools specifically designed to exploit the simulated environment.
• Attempting to reverse-engineer or manipulate the simulation’s underlying mechanisms.

5. Account Management and Reporting

5.1 Traders must:

• Manage their simulated accounts as they would live accounts, including proper position sizing and risk management.
• Accurately report trading results and refrain from misrepresenting performance.

5.2 Prohibited activities:

• Attempting to reset or manipulate account statistics to hide poor performance or losses.
• Creating multiple accounts to circumvent trading limits or performance tracking.

6. Compliance and Enforcement

6.1 NexGen Futures Trader reserves the right to:

• Review any trading activity that appears to violate these guidelines.
• Take appropriate action, including warnings, account suspension, or termination, for confirmed violations.

6.2 Traders agree to:

• Participate in any necessary reviews or inquiries regarding their trading activity.
• Accept the final decisions of NexGen Futures Trader regarding compliance with these guidelines.

7. Reporting and Feedback

7.1 Traders are encouraged to:

• Report any issues, anomalies, or suspected violations they encounter in the simulated environment.
• Provide constructive feedback to help improve the simulated trading experience.

8. Updates and Amendments

8.1 These guidelines may be updated periodically to address:

• New challenges or evolving market conditions.
• Feedback from traders and industry experts.
• Technological advancements in trading and simulation.

8.2 Traders are responsible for:

• Staying informed about any changes to these guidelines.
• Adapting their trading practices to comply with updated guidelines.

By adhering to these guidelines, traders contribute to a fair, realistic, and valuable simulated trading environment that prepares them for success in live market conditions while upholding the integrity of NexGen Futures Trader’s evaluation process.