$100K Bootcamp
The5ers presents the first low entry cost challenge, where you can prove your trading skills,
and pay the rest only once you’ve passed
FAQ
FOR WHOM IS THIS CHALLENGE INTENDED?
This program is intended for every trader that can show consistent profitability on a demo trading account. Our strict challenge will reward the successful traders with the most powerful funded trading program available today.
It will require consistency, patience, proper risk management, seriousness, exceptional trading skills, and discipline.
WHAT IS THE BEST WAY TO BECOME A 100K TRADER?
- Limit your risk per trade: preferably up to 0.5% of your account per trade.
- Be patient – wait for the best setups. The market will always present you with new opportunities.
- Think on a ‘series of trades’ basis; don’t give too much importance to any single trade.
- Don’t overtrade, it never pays in the long run.
- Be mindful of your thoughts and emotions – before, during and after trading. Mindfulness is key!
WHAT ARE RISK VIOLATIONS?
We care about risk.
Opening a position without a StopLoss order, or risking more than 1% of the account balance in a single position, will be considered a risk violation.
Any account with over 3 violations will be automatically terminated.
IS THE EVALUATION PLAN REALLY THAT INEXPENSIVE?
Absolutely! The small initial fee is to first show us you’re serious enough to put time and effort into our challenging evaluation program. Pay the rest once you’ve passed all 3 challenges and proven you’re ready to start trading a live account.
DO I HAVE TO PAY ONCE I’VE PASSED THE EVALUATION PLAN?
If you want to start trading on a live account, you’ll have to pay the rest of the registration fee. We will cover all risks related to the trading activity, but we want traders to pay a token of seriousness, and to help cover technical costs involved in delivering this program.
CAN I USE AN EA (EXPERT ADVISOR)? CAN IT SET A ‘STEALTH MODE’ SL?
You can use any EA you have in your trading account, as long as the EA sets a SL order in each position, and does not use a martingale trading method.
The SL order has to be visible in the trading platform, so you cannot use a ‘stealth mode’ SL.
WHERE’S THE CATCH?
There’s no catch! We have no interest in traders failing. In this program, we search for traders who can perform with consistency. This is why we ask them to pay the majority of the registration fee only after passing the 3 Bootcamp Challenge stages.
- A Stop-loss is required in all positions and orders.
- The SL in any position must not risk more than 1% of the account balance
- Opening a position without a SL order, or risking more than 1% of the account balance in a single position, will be considered a risk violation
- Any account with over 3 violations will be automatically terminated
- Leverage for all accounts – 1:10.
- News trading is allowed.
- During the Challenge stages, each level will be accessible up to 48 hours after completing the previous level.
- Holding open trades overnight and over the weekend is allowed.
- Accounts without activity for more than 21 days will be closed.
- Maximum number of active accounts per trader: 3. Each account must have a different trading method.
We prepared the first Discount Link for The5%ers proprietary trading firm.
All you need to do is register and purchase by the following link: https://the5ers.com/?ref=7909 to receive your 5% off discount.
