Optimal Traders Review
So, let's start our Optimal Traders Review and note the first and most basic feature of this Prop Firm - on the platform of this Prop Firm you can use martingale and trade without stop loss. So, no matter how professional a trader you are, a good martingale strategy will help you beat the Optimal Traders challenge without any problems and get rewards every week!
- Platform for trading - TradingView
- Leverage - up to 1:50
- Participation cost - from $59
- Weekend holding positions - allowed
- Grid and martingale trading - allowed
- Stop-loss Required - No
Go to the Optimal Traders website >>>
Expert Advisors Suitable for this Prop Firm:
Optimal Traders Funding Programs
2 Step Challenge Challenge
Optimal Traders rules:
Profit Target – Traders must achieve specific profit targets to successfully complete an evaluation phase, withdraw earnings, or expand their trading account. In Phase 1, the profit target is established at 8%, and in Phase 2, it is set at 5%.
Maximum Daily Loss – Traders are subject to a cap on the maximum amount they can lose in a single trading day to avoid breaching account conditions. This limit is set at 5% for all account sizes.
Maximum Loss – There is an overarching loss limit placed on traders to prevent violation of the account terms. This limit is set at 10% for all account sizes.
There are no minimum required trading days - you can reach your profit goal within 1 day and request a withdrawal of money to your bank account.
- Expert advisors are permitted. You can use any expert advisors to trade on Optimal Traders. This Prop Firm allows any trading style - any strategy (including grids and martingale). Achieve your trading goals any way you can!
Participation cost:
- $5,000 - $59
- $10,000 - $99
- $25,000 - $159
- $50,000 - $329
- $100,000 - $509
- $200,000 - $959
1 Step Algo Challenge
Optimal Traders rules:
Profit Target – Traders are required to meet designated profit targets to successfully pass an evaluation phase, withdraw profits, or scale their trading accounts. This profit target is 10%.
Maximum Daily Loss – To maintain compliance with account conditions, traders face a daily loss cap. For all account sizes, this maximum allowable loss in a single day is limited to 4%.
Maximum Loss – An overall loss limit is enforced to ensure traders do not exceed the terms of their accounts. This loss cap is 4% across all account sizes.
Minimum Trading Days – There are no minimum trading days required; traders can achieve their profit targets in just one day and initiate a withdrawal of funds to their bank account.
Expert Advisors – The use of expert advisors is allowed. Traders may employ any expert advisors at Optimal Traders, accommodating all trading styles, including the use of strategies like grids and martingale, to reach their trading objectives in any manner possible.
Participation cost:
- $25,000 - $289
- $50,000 - $389
- $100,000 - $589
- $200,000 - $999
1 Step Standard Challenge
Optimal Traders rules:
Profit Target – Traders need to achieve specific profit targets to successfully complete an evaluation phase, withdraw earnings, or expand their trading accounts. The set profit target is 10%.
Maximum Daily Loss – no restrictions.
Maximum Loss – A comprehensive loss limit of 6% is established for all account sizes to prevent violations of the account terms.
Minimum Trading Days – Traders are not required to trade for a minimum number of days; they can meet their profit targets in as little as one day and proceed to withdraw funds to their bank account.
Expert Advisors – use prohibited.
Participation cost:
- $5,000 - $89
- $10,000 - $189
- $25,000 - $289
- $50,000 - $389
- $100,000 - $589
- $200,000 - $999
The Best Prop Firm passed software are here:
Optimal Traders Review and Our opinion about this Prop Firm
So, let's start our Optimal Traders Review. This proprietary trading firm that offers traders the opportunity to pass evaluation phases, withdraw profits, and scale their trading accounts. The firm sets clear financial targets and conditions, encouraging strategic and disciplined trading. The structure includes multiple phases, with profit targets starting at 8% in Phase 1 and reducing to 5% in Phase 2. Traders face daily and overall loss limits, set at 5% and 10% respectively in earlier communications, though more recent conditions mention a 4% cap for both.
Pros of Optimal Traders rules:
- Flexibility in Trading Approaches: Optimal Traders allows the use of expert advisors and supports various trading strategies, including grids and martingale. This flexibility is advantageous for traders who employ automated trading systems or complex strategies.
- No Minimum Trading Days: Traders can achieve their profit targets without a minimum trading day requirement, enabling quick withdrawals and efficient capital management.
Cons of Optimal Traders rules:
- Stringent Loss Limits: The firm imposes strict daily and overall loss limits (recently set at 4%), which might be challenging for aggressive traders who face volatile markets. This could restrict potential for higher gains during opportune market conditions.
- Varying Profit Targets: The change in profit targets from phase to phase requires traders to adjust their strategies, which might be a drawback for those preferring consistent targets over different trading periods.
Overall, Optimal Traders provides a structured yet flexible platform for traders looking to leverage their expertise with minimal restrictions on the trading methodology, though it demands strict adherence to risk management protocols.
