EVALUATED PROCESS
At PropScholar, we prioritize the integrity of our trading environment and the success of our traders. Our sophisticated evaluation code, developed in Python, is designed to meticulously monitor and assess traders' activities, ensuring compliance with our stringent rules while promoting ethical trading practices. Here’s an in-depth look at what our evaluation code accomplishes:
1. Monitoring Drawdown Limits
- Balanced Risk Profiles: Our evaluation code continuously tracks both maximum and minimum drawdown limits set for each trader. By ensuring that traders do not exceed these thresholds, we help maintain balanced risk profiles, fostering a sustainable trading approach. This feature is crucial in preventing substantial losses that could jeopardize traders’ accounts.
2. Preventing Toxic Trading
- Integrity Maintenance: The code is equipped to detect and prevent unfair trading practices that could undermine the fairness of the trading environment. By identifying potentially harmful behaviors—such as scalping or exploiting market inefficiencies—we uphold the integrity of our platform and protect the interests of all traders involved.
3. Enforcing Inactivity Rules
- Security and Engagement: Recognizing the importance of active trading engagement, our evaluation code flags accounts that exhibit no trading activity within a specified period. This proactive measure not only maintains the security of our trading environment but also encourages traders to stay engaged with the markets, fostering a vibrant trading community.
4. Regulating News Trading
- Compliance with Trading Rules: In alignment with our commitment to ethical trading practices, the evaluation code closely monitors trading activities around major news events. By ensuring compliance with our news trading rule—specifically preventing trades during critical market-moving news—we mitigate the risk of undue market manipulation and promote a fair trading landscape.
Real-Time Data Tracking
Our code tracks real-time data, allowing immediate detection of any rule breaches. This ensures a responsive and adaptive trading environment.