TraderDock - Come Trade Our Capital

 

Welcome to the Help Centre

 

The TraderDock Challenge is an evaluation framework that sets out the targets and risk rules required to take the next step towards making consistent trading profits. It is only the beginning. Once a trader is live there are many more hurdles to cross before major success can be achieved but  the TraderDock Challenge measures the criteria that we believe separate those with the raw talent, passion and work ethic to achieve live trading success from the rest. 

  • Trading Days: This is the minimum number of days you must trade in order to be eligible for live trading. You must have at least 15 days with trading activity to pass the TraderDock Challenge.
  • Profit Target: The profit target is the net profit (after Commissions) that the trader needs to achieve in order to be eligible for a live trading account. Upon passing the TraderDock Challenge the trader is rewarded with a financially backed account which are split into 3 types: Bronze, Silver and Gold, each with different risk rules. The account type you are assigned is based on the net profit (after commissions) that you can achieve during the TraderDock Challenge. Achieving $2,500 net profit means you earn the right to begin trading a Bronze Account which has a daily loss limit of $1,000 and a maximum drawdown of $2,000. You can scale from 2 lots up to 5 lots with this account type when you are financially backed. Achieving $3,000 net profit means you earn the right to begin trading a Silver Account which has the same daily loss and maximum drawdown as the Bonze Account but lets the trader scale to 10 lots. Achieving $4,500 net profit means you earn the right to begin trading a Gold Account which has 80% profit share, a daily loss limit of $1,500 and a maximum drawdown of $3,000. Once financially-backed, you can scale to 35 lots with the Gold account type.
Profit Achieved in Challenge: $2,500+ $3,000+ $4,500+
Remote Trader Account Type Bronze Silver Gold
Trader Profit Share 60% 70% 80%
Achievable Trading Power 5 lots 10 lots 35 lots
Daily Loss Limit $1,000 $1,000 $1,500
Max Drawdown $2,000 $2,000 $3,000
  • Daily Loss Limit: If your Net P&L hits or exceeds the Daily Loss Limit while taking part in the TraderDock Challenge, the TraderDock Risk team will cancel all working orders and close out any open positions. You will not be permitted to trade for the rest of that day. You can continue trading the next day but since you have broken one of the fundamental trading rules for the Challenge, you will no longer be eligible to proceed to a live trading account. In order to be eligible for a live account, you must pay the reset fee to reset the Challenge. We encourge you to get as much trading practice as you can. If you want to take the Challenge again, simply reset the account using the RESET button on the TraderDock Dashboard. 
  • Max Drawdown: TraderDock Risk team will monitor the highest point that your Net P&L has hit at all times over the course of the TraderDock Challenge. If you hit or exceed your max drawdown while taking part in the TraderDock Challenge, the TraderDock Risk team will cancel all working orders and close out any open positions. If you hit the max drawdown, in order to be eligible for financial backing, you must pay the reset fee to reset the Challenge rules. All TraderDock Challenge accounts begin with a virtual balance of zero. The trailing max drawdown is set to -$2,000. It will trail your Open Net P&L upwards but retracements in your Net P&L will not impact your max drawdown. If your Net P&L reaches $2,000, your trailing max drawdown will be at zero ($0). Once it reaches zero it stays at zero regardless of subsequent increases or decreases in your Net P&L.
  • Virtual Starting Balance: Since the reality of this entire industry is that all new live accounts will begin with zero balance in the trader account, and the trader trading firm capital, TraderDock have avoided the common practice of misleading the trader by marketing high virtual balances. All virtual balances will be zero. The focus of the trader can therefore be justifiably focused on the trading power that they will be afforded and the targets and risk rules they will really need to achieve/maintain rather than a whimsical $100k or $500k virtual balance. The TraderDock scaling plan for your trading power has been defined and is virtually limitless - limited only by your performance and consistency.
  • Trading Power: The maximum allowable open positions across all markets in the TraderDock Challenge. Once you pass the Challenge and are a financially-backed remote trader, your potential to scale to greater trading power is limited only by your consitency and skillset. 
  • Price Per Month: This is the recurring monthly fee that the prospective Trader agrees to pay upon subscribing to the TraderDock Challenge. The fee will charged on a 30-day cycle until you either pass the Challenge or cancel your subscription. PayPal has been integrated to the TraderDock website for payment acceptance purposes providing users with the option to  Checkout as Guest (if no PayPal account) to pay by credit card, debit card or by PayPal account.

  • Consistency: Consistency is fundamental to long-term success so displaying consistency is a key part of the TraderDock Challenge. TraderDock tracks the average of all positive days achieved by a trader and replaces the largest positive day with the average. For example, Jane Trader traded for 20 days over the month of June with 8 of those days being positive. Jane had two really strong trading days in the month making $1,200 one day and $1,400 on the other. The sum of Jane's 8 positive days was $4,100 and the sum of her 12 negative days was $900 giving her a Net P&L of $3,200 overall. However, the consistency rule means that Jane's best day ($1,400) is discounted to the average of her positive days ($4,100/8 = $512). So we take $1,400 away from the overall Net P&L and add $512 instead giving ($3,200 - $1,400 + $512) $2,312. 

  • Trade for 15 days plus: You must trade a minimum of 15 trading days to be eligible for a live trading account. There is no upper time limit to achieving profit targets. Holidays and Weekends are not included in that 15 days calculation.
  • Hit Your Profit Target: Your Profit Target is related to the Net P&L (Realised less Commissions) from trading activity. The higher the profit you achieve the more powerful your account once you graduate to a live account. The 3 account types and associated profit targets are as follows:  
Profit Achieved in Challenge: $2,500+ $3,000+ $4,500+
Remote Trader Account Type Bronze Silver Gold
Trader Profit Share 60% 70% 80%
Achievable Trading Power 5 lots 10 lots 35 lots
Daily Loss Limit $1,000 $1,000 $1,500
Max Drawdown $2,000 $2,000 $3,000
  • Avoid Hitting Your Daily Loss Limit: By hitting your daily loss limit, you have broken a rule and will have to stop trading for the rest of the trading day. You can begin trading again the following trading day but you will not be eligible for a live trading account. To be eligible again, you will need to reset your account using the Reset button on the trader dashboard. 
  • Avoid Hitting Your Max Drawdown: By hitting your Max Drawdown, you have broken a key trading rule - this limit trails you open Net P&L figure and marks the max loss limit on your account. If you hit this limit, the account must be reset using the Reset button on the trader dashboard in order to be eligible for a live trading account.
  • Trade Permitted Products Only: You can find the full list of permitted products in a separate FAQ
  • Trade During Supported Trade Times Only: All positions MUST be closed by 3PM CST. The trading day starts at the European Cash Open and ends to coincide with the to US Cash Close. No Weekend or Holiday trading Permitted. 
  • Do not Exceed your Max Trading Power during the Challenge: Your maximum trading power is specified in the rules of the TraderDock Challenge - 5 Lots. Exceeding this size shows lack of trading practice and/or lack of trading discipline and the acccount must be reset to be eligible for live trading if this rule is broken.

When you pass the TraderDock Challenge, please send an email to support@traderdock.com. 

After that, you can sit back. We will be in touch within 24hours with your next steps towards attaining your live trading account with Positive Equity.

Typically, as well as making sure that your Profile is complete and accurate, you should prepare to have the following available:

- passport

- proof of address - a utility bill and/or bank statement with you name and current address ddated in last 3 months

 

Yes. The commission rates for each supported product is as follows:

 

Product Commission per
RT ($)
Product Commission per
RT ($)
Equity Indices Crops
E-mini S&P 500 (ES) 3.80 Corn (ZC) 5.30
Nikkei (NKD) 6.30 Wheat (ZW) 5.30
E-mini NASDAQ 100 (NQ) 3.80 Soybeans (ZS) 5.30
Mini Dow (YM) 3.80 Soybean Meal (ZM) 5.30
E-Mini MidCap 400 (EMD) 3.80 Soybean Oil (ZL) 5.30
E-mini Russell 2000 (RTY) 3.80  
Foreign Exchange Interest Rates
Australian $ (6A) 3.20 Eurodollar (GE) 4.00
British Pound (6B) 3.20 Bonds/Notes
Canadian $ (6C) 3.20 2-Year Note (ZT) 2.70
Euro FX (6E) 3.20 5-Year Note (ZF) 2.80
Japanese Yen (6J) 3.20 10-Year Note (ZN) 3.00
Swiss Franc (6S) 3.20 30-Year Bond (ZB) 3.10
E-mini Euro FX (E7) 3.20 Ultra-Bond (UB) 3.20
Agricultural Ultra-Note (TN) 3.20
Live Cattle (LE) 5.50 Metals
Lean Hogs (HE) 5.50 Gold (GC) 4.40
Energy Copper (HG) 4.40
Crude Oil (CL) 4.40 Platinum (PL) 4.40
E-mini Crude Oil (QM) 4.40 Palladium (PA) 4.40
Natural Gas (NG) 4.40 miNY Silver
(QI)
4.40
E-mini Natural Gas (QG) 4.40 miNY Gold
(QO)
4.40

You can trade any of the following products in the TraderDock Challenge:

 

 

Supported Product List (With CME Code)
Equity Indices Crops
E-mini S&P 500 (ES) Corn (ZC)
Nikkei (NKD) Wheat (ZW)
E-mini NASDAQ 100 (NQ) Soybeans (ZS)
Mini Dow (YM) Soybean Meal (ZM)
E-Mini MidCap 400 (EMD) Soybean Oil (ZL)
E-mini Russell 2000 (RTY)
Foreign Exchange Interest Rates
Australian $ (6A) Eurodollar (GE)
British Pound (6B) Bonds/Notes
Canadian $ (6C) 2-Year Note (ZT)
Euro FX (6E) 5-Year Note (ZF)
Japanese Yen (6J) 10-Year Note (ZN)
Swiss Franc (6S) 30-Year Bond (ZB)
E-mini Euro FX (E7) Ultra-Bond (UB)
Agricultural Ultra-Note (TN)
Live Cattle (LE) Metals
Lean Hogs (HE) Gold (GC)
Energy Copper (HG)
Crude Oil (CL) Platinum (PL)
E-mini Crude Oil (QM) Palladium (PA)
Natural Gas (NG) miNY Silver (QI)
E-mini Natural Gas (QG) miNY Gold (QO)

You can begin trading from 1AM CST to 3PM CST to coincide with the permitted live trading times of our risk desks. We require our traders to fully understand the specific market specification of the product they have chosen to trade. If the product that you trade closes earlier than 3PM CST, then we require that you close all positions prior to that market being closed. Not to do so is a rule break and you may no longer be eligible for financial backing. 

Further information on the trading hours of the individual CME products can be found here: http://www.cmegroup.com/trading-hours.html

Yes - not in live trading, but during the TraderDock Challenge you may trade during these times.

To take part in the TradreDOck Challenge, subscribers must use:

After, the TraderDock Challenge, when trading live for Positive Equity, traders will use TT. We are workng to integrate TT for use in the TraderDock Challenge also.

 

 

 

 

 

 

If you have a PayPal account, go ahead and use PayPal. If you don't, then pay by card: Mastercard, Visa, Visa Debit.

Net Profit is your trading revenue less transaction costs. Transaction costs are the direct fees involved in trading and are charged on a per lot basis.