Take Profit Trader Prop Firm Overview

Take Profit Trader
Take Profit Trader
4.6
Recommended
Get Deal
Features
One-step Challenge
No Daily Loss Limit
No Activation Fee
Daily Payouts
Platforms
Tradovate
Rithmic
Max Allocation
$750K
Rules

News Trading Policy

Test Phase: Trading during high-impact news is fully allowed without any restrictions.

Pro & Pro+ Accounts: Trading is restricted for one minute before and after major news events.

Key Restricted Events Include:

  • FOMC Statements & Meeting Minutes: Typically released on Wednesdays at 2:00 PM Eastern Time. Note: Trading is allowed during speeches from Federal Reserve officials.
  • Non-Farm Payroll (NFP): Released monthly on Fridays at 8:30 AM Eastern Time.
  • Consumer Price Index (CPI)

Instrument-Specific News Restrictions:

  • Crude Oil Inventories: Trading is not allowed on crude oil during this event.
  • Bond Auctions: Trading is restricted on the 10-Year Note and 30-Year Bond during these releases.

Traders are encouraged to monitor upcoming events at ForexFactory.com.

Expert Advisors (EAs)

Use of automated Expert Advisors is strictly prohibited.

Copy Trading

Copy trading is permitted on all account types.

Maximum Loss Limits

Test Phase: Trailing drawdown is calculated based on the end-of-day account balance.

Pro & Pro+: Trailing drawdown is based on the peak balance, including both realized and unrealized profits.

Pro Account Reset Option

After successfully completing the Test phase, traders have the option to reset their Pro account up to three times.