Plan Structure: 1. Orientation Period, 2. Trading Period, 3. Strategy Review

1. Orientation Period – upon commencing the Accreditation, the trader will be given a 14 day “grace period” for Orientation and easing into the program. During this first 14 day period, all trades will count towards your progress but any Strikes earned will not incur a fine and cannot cause the trader to be disqualified from the program. Confirming, you cannot be disqualified for breaches or strikes made during the orientation period. UltraCap may at their discretion, add on or remove any gains from trades that earn strikes on the trader's account balance. (eg. If you make a trade that is 5% risk, earning a strike, but it goes on to win big, the gain will not be included as progress towards the minimum profit target)

2. Trading Period – On day 15, our AI Monitor will be applied to your account and any strike or breach costs will no longer be protected by the orientation period.  You are now liable for risk mistakes and are expected to trade your strategy with the purpose of creating a reliable risk profile and accurate sample of your strategy.

3. Strategy Performance Review– After achieving all requirements of the "Trading Period" and confirming you are satisfied with the quantitative profitability of the sample you have created, you can submit your risk profile for review.  Our team will recommend you to our Funding Partners who run your sample through an AI analyzer and provide funding options based on how your strategy has performed in real time. Remember: your strategy needs to be reliable, consistent and quantitatively verified. You do not need to submit your results as soon as you have qualified. It is advised to ensure that you have checked your results, the metrics and are confident in an accurate sample, before you submit for review!

At UltraCap Trading, we want to give you the best possible start to your trading journey. That's why we offer a 14-day orientation period to help you settle in and get comfortable with our platform. During these first 14 days, we record any serious risk errors or mistakes made by traders, but we do not penalize them.

During this period, you'll have the opportunity to live test your execution and trading platform without the fear of being penalized for risk or execution mistakes. This means you can focus on getting familiar with our system and ensuring everything is working smoothly.

• Your progress and results still count! The orientation is still part of the same account and attempt. Any progress made, whether negative or positive, will still follow through after the first 14 days. 

• You won't be disqualified or fined for breaching our rules and guidelines during the orientation period.

• While you won't be penalized with a fine for over-risking, missing a stop loss, or exceeding your drawdown limit during the orientation period, these hard milestones will still be noted on record and will be taken into consideration if serious risk breaches continue to happen after the period ends.

• If you use up all your strikes before the end of the orientation period, you will not be disqualified but any serious risk mistake from this point  on will require you to retry.
  
  Our goal is to help you succeed as a trader, and we believe that our orientation period is a valuable opportunity for you to test and get comfortable with our platform without fear of penalty or disqualification.

(Total Amount of Loss if all Stop Losses are triggered on a Symbol) < (Account Balance * 2%)

Each symbol you have open positions on, must always have less than 2% of your current account balance, at risk of loss. This 2% amount is calculated and recalculated on all orders and order modifications. The UC AI Monitor will be strictly enforcing this rule.

There will be no exceptions and no refunds for failing to enforce proper risk management.

Any order that is found to have exceeded the max risk of 2% (the AI will allow a small buffer for error) will trigger a warning, or if repeatedly observed behaviour, a hard breach.

To ensure responsible trading and minimize risk, it's essential to have an active Stop Loss on all orders at UltraCap Trading.

Orders received by the server without an active Stop Loss will be subject to a strike if not corrected immediately or left to run for longer than acceptable.

We take our rules seriously and expect all traders to comply with them to maintain a safe trading environment. So, please make sure to have an active Stop Loss on all your orders to avoid any penalties or strikes.

All UltraSmart Plans use an "Absolute Drawdown" or a "Max Stop Out" level. 

We do not use "Relative Drawdown" or "Trailing Stop Out"
 

UltraSmart FX:

• Your account equity must not reach an amount that is equal to 8% less than your starting account balance
• Example: If your account balance is $100,000, your account will be disabled once equity reaches $92,000:  $100,000 - (8% * $100,000) = $92,000
• If your open equity falls equal to or below -8% of your starting account balance, your account will be disabled and trades closed. 
• You will be able to submit for a retry via your Account Dashboard at a generously discounted price.

UltraSmart Extended:

• Your account equity must not reach an amount that is equal to 5% less than your starting account balance
• Example: If your account balance is $100,000, your account will be disabled once equity reaches $95,000:  $100,000 - (5% * $100,000) = $95,000
• If your open equity falls equal to or below -5% of your starting account balance, your account will be disabled and trades closed. 
• You will be able to submit for a retry via your Account Dashboard at a generously discounted price.

The examples above do not factor in any modifications to drawdown limit applied via Power Mods or promotions.

The Trading Period does not have a defined time and ends when you submit your trading sample within 6 months.

If a trader meets all risk requirements and is satisfied their trading sample meets the base metrics for what funding partners are looking for, the minimum time that a trader could be funded on UltraSmart FX would be 40 days provided they made at least one trade per day for 6 weeks (6 weeks * 5 trading days per week = 30 days of active trading)

UltraSmart Extended would be 30 days provided they made at least one trade per day for 5 weeks (5 weeks * 5 trading days per week = 25 days of active trading)

Trader’s have up to 6 months to trade their strategy to meet the minimum risk requirements and then submit their trading results for the Strategy Performance Review. This can be extended with the Timeless Power Mod.

An active trading day is:

•    Any day where a new trading position is opened is counted as a single active trading day.
•    Days where multiple positions are opened only count as a single active trading day.
•    Positions that roll over multiple days only count as a single active trading day.

Trading days are counted once the position has been closed. Open positions are not counted in the dashboard.

The minimum account growth required to be eligible to submit your strategy for review.

UltraSmart FX: 6% profit target
(Starting Account Balance) + (Starting Account Balance * 6%)

UltraSmart Extended: 9% profit target
(Starting Account Balance) + (Starting Account Balance * 9%)

The Minimum Profit required to submit will vary based on the Plan and Mods chosen. Please review the profit targets required for each program in the Pricing Matrix.

Various other prohibited trading behaviours include:

• Martingale, Variations of Martingale, High Frequency (HFT) are Strictly Prohibited. 
• Grid Trading is not allowed.
• Hedging is not allowed.
• EA’s are allowed as long as they do not breach any of the high-risk guidelines. 
• Dummy Trading - Placing minimum orders to retire trading days or changing the way you execute/manage trades after you have achieved profit target.
• Major changes to trading strategy/execution midway through accreditation may require a reset if the results become inconsistent.

Our funding partners reserve the right to not fund any strategy that they deem the results inconclusive, not convincingly consistent, and/or display unreasonable risk to our systems, backers, or liquidity.

At UltraCap Trading, we aim to provide traders with the flexibility they need to achieve their goals.

Trading Multiple Accounts comes with many benefits, including being able to spread your overall portfolio over more leverage, more capital and more markets!

Here are some important details about trading multiple accreditation strategies at the same time:

• Each trader is allowed to trade up to three (3) accreditation strategies simultaneously.
• Traders can add additional accreditation plans through their client dashboard and adding it to their portfolio.
• However, please note that if a trader is found to have copied trades from another internal or external account (i.e. copy trading), the affected strategy may be disqualified from funding, and the trader will need to reset and submit a new strategy. Mu;ltiple accounts is not designed to be used for stacking capital!
• Copying the same trades or positions between accounts will result in a breach. Having strategies that might be completely different at a technical local level, but sharing the same execution (timing, lot sizing on the same symbols) as another UltraCap Account in a repeatable and excessive fashion may impact the level of funding your receive or be disqualified.

In return for allowing multiple accounts per trader, we ask that traders use only one overall strategy per account. This keeps it simple to track and ensure that risk is not being mirrored or scaled.

However, your single trading approach can be made up of multiple EA's or different technical strategies for each symbol. You just need to outline this in your application so that our team has a sense of what to expect when you enter the market in a variety of different ways.

Our goal is to define your individual risk profile so that we can ensure that other accounts are not being mirrored or copied and that your individual approach is reliable and consistent.

At UltraCap, we offer Power Modifications or "Power Mods" to help traders tailor their experience and highlight risk factors upfront for our funding partners. Our goal is to empower traders to make slight adjustments to the risk requirements of the Accreditation Plan to fit their unique trading strategies and increase their chances of finding funding:

Timeless Modification:
Research has shown that the main reason traders will opt to build systems that have less than 1 trade per week, will tend to exhibit higher win probability, and higher quality risk vs reward setups. This in turn means, their strategies trade less, but their drawdown is appropriately less too. 

The Timeless Modification or "No Time Limit" Mod, allows a trader to take any standard UltraSmart Plan and remove the 6-month time limit in return for committing to a tighter risk profile (less max drawdown). This modification suits strategies and traders that:

- Want to remove the psychological impact of a countdown or timer.
- Swing Traders or Strategies that execute infrequently or on rarer occasions but with a higher chance of success.
- Strategies or Traders who use very low-risk trades on larger accounts
- Strategies that average less than 1 trade per week over a 6 month period.

No Max Drawdown Limit Modification:
Large datasets of results have shown that strategies that rely on higher risk (drawdown) tolerance will exhibit higher return (ROI) results over a mid to long-term time period. In other words, trading strategies that rely on regular drawdown tolerance in excess of 5-10%, combined with other edges in the market, will have an expectation of receiving higher returns for the added additional risk.

The No Max Drawdown Limit Modification or "No Max DD" Mod, allows a trader to take any standard UltraSmart Plan and remove the Plan's default Max Drawdown Limit or Stop Out Limit in return for exceptional trading performance. This modification suits strategies and traders that:

- Want to remove the psychological impact drawdown on their trading
- Consistent Risk Per Trade/Lot Size Strategies which rely on high probability, high R:R trades
- Strategies that require more room to breathe due to higher exposure over many different markets