Dear Elite Traders,
We’d like to start off by thanking all of you for helping make the launch of The Gauntlet Mini™ last month an immense success. We’re especially grateful to everyone who signed up and gave us their feedback on it so we can continue improving it as we go. Going forward we’ll be making the following trader oriented changes to The Gauntlet Mini™.
We’re removing LiveSim, traders will go directly to Helios after passing the evaluation.
Traders previously had to go through a Live Simulator phase which was a paper trading account with the same terms and conditions as your offer, including the ability to request withdrawals immediately. It wasn’t a second evaluation, but rather a risk management procedure for the prop. firm. Helios decided to allow traders to skip this process for The Gauntlet Mini™ because its rules are stricter than the original Gauntlet™ so less risk management is necessary. The way you benefit from it is being able to request performance reviews for additional funding or trade-able assets from them sooner.
We’re removing the daily loss limit for live accounts after the trader reaches profitability.
After getting funded you will no longer be subject to a daily loss limit once you make enough profit for your loss limit to reach your starting balance. As an example, if you start your live account at $25,000 and grow your balance over $25,550 your daily loss limit will be removed.
We’re raising the maximum position size and the progression ladder for micro contracts times ten.
You will be able to trade up to ten contracts of all respective micros and it'll only count as one contract towards the progression ladder and maximum number of positions. For example if the progression ladder allows you 2 contracts then you can either trade up to 2 ES, 1 ES & 10 MES or 20 MES. This change will go live after 5:00 p.m. Central Time October 1st, 2019.
Traders will no longer need to pay Helios for their data fees after getting funded if they already have their own data feed.
If you already have your own paid data feed you can continue using it for charting after getting funded without having to pay Helios the additional monthly $105 per exchange, however, you will still need to execute trades through the feed they provide.
Traders will be able to keep using NinjaTrader after getting funded regardless of license type.
Previously you were only able to keep using NinjaTrader after getting funded if you had a license grandfathered into trading with 3rd party brokerages. Helios has now added a Leader-Follower service that will allow you to copy your trades from NT to Helios through a paper trading account. This means you're not interacting directly with the live market so there could be a small delay and you may not get the same fill. Traders who choose this option are responsible for monitoring their Helios account, since their loss limits are based on the Helios account, not the paper trading account. There's also an additional $25 ($50 if your user is more than 6 months old) data fee to maintain the paper trading account.
We hope that these changes will enhance your Gauntlet Mini™ experience and make completing it even more rewarding. Please look forward to more future developments.As always our support staff is happy to answer any related questions. We welcome any feedback and appreciate your continued support, thank you.
We’d like to start off by thanking all of you for helping make the launch of The Gauntlet Mini™ last month an immense success. We’re especially grateful to everyone who signed up and gave us their feedback on it so we can continue improving it as we go. Going forward we’ll be making the following trader oriented changes to The Gauntlet Mini™.
We’re removing LiveSim, traders will go directly to Helios after passing the evaluation.
Traders previously had to go through a Live Simulator phase which was a paper trading account with the same terms and conditions as your offer, including the ability to request withdrawals immediately. It wasn’t a second evaluation, but rather a risk management procedure for the prop. firm. Helios decided to allow traders to skip this process for The Gauntlet Mini™ because its rules are stricter than the original Gauntlet™ so less risk management is necessary. The way you benefit from it is being able to request performance reviews for additional funding or trade-able assets from them sooner.
We’re removing the daily loss limit for live accounts after the trader reaches profitability.
After getting funded you will no longer be subject to a daily loss limit once you make enough profit for your loss limit to reach your starting balance. As an example, if you start your live account at $25,000 and grow your balance over $25,550 your daily loss limit will be removed.
We’re raising the maximum position size and the progression ladder for micro contracts times ten.
You will be able to trade up to ten contracts of all respective micros and it'll only count as one contract towards the progression ladder and maximum number of positions. For example if the progression ladder allows you 2 contracts then you can either trade up to 2 ES, 1 ES & 10 MES or 20 MES. This change will go live after 5:00 p.m. Central Time October 1st, 2019.
Traders will no longer need to pay Helios for their data fees after getting funded if they already have their own data feed.
If you already have your own paid data feed you can continue using it for charting after getting funded without having to pay Helios the additional monthly $105 per exchange, however, you will still need to execute trades through the feed they provide.
Traders will be able to keep using NinjaTrader after getting funded regardless of license type.
Previously you were only able to keep using NinjaTrader after getting funded if you had a license grandfathered into trading with 3rd party brokerages. Helios has now added a Leader-Follower service that will allow you to copy your trades from NT to Helios through a paper trading account. This means you're not interacting directly with the live market so there could be a small delay and you may not get the same fill. Traders who choose this option are responsible for monitoring their Helios account, since their loss limits are based on the Helios account, not the paper trading account. There's also an additional $25 ($50 if your user is more than 6 months old) data fee to maintain the paper trading account.
We hope that these changes will enhance your Gauntlet Mini™ experience and make completing it even more rewarding. Please look forward to more future developments.As always our support staff is happy to answer any related questions. We welcome any feedback and appreciate your continued support, thank you.