🔁#Averaging & martingale
4 articles
Funded Trader Markets (FTM), Measured Directly | Martingale Officially Allowed and Among the Cheapest Per-Dollar-of-Drawdown, But No Track Record to Back It Up
I measured Dubai-based prop firm Funded Trader Markets directly on September 23, 2026, pulling list prices for 5 programs across every size from the official purchase configurator. The firm officially allows martingale and layering within a single account, permits EAs on every account and every phase, and even allows copying from accounts at other firms — an unusually permissive setup. Its fee per $1,000 of loss allowance on 2 Step Plus is $99.8, among the cheapest of any firm listed on this site. On the other hand, its Trustpilot rating is suspended after fake reviews were removed, its IP/VPN restrictions are among the strictest in the industry, and there are multiple places on its own site where the wording contradicts itself, like 'up to 100% profit' vs. 'Up to 90%.'
Only Two Prop Firms Can Actually Run Grid/Trailing-Repeat EAs: "Not Banned" and "Usable" Are Different Things
If you want to run a grid or trailing-repeat ("trailing stop and repeat" / トラリピ) type EA on a prop account, checking only whether the ban list mentions it doesn't tell you anything. What actually kills the account is the "floating-loss cap" and whether drawdown is measured on equity or on balance. City Traders Imperium's 1-Step is the unique combination of balance-based DD, no daily DD, off-the-shelf EAs allowed, and grid explicitly permitted. Fintokei doesn't list grid among its 9 banned practices, but off-the-shelf EAs aren't allowed and a combined 3% cap across all open positions becomes the real limit on how many grid levels you can run. A comparison table across 10 firms, plus the formula for working backward from the floating-loss cap to figure out how many levels you can stack. Confirmed against each firm's official help center on September 16, 2026.
Prop Firms That Allow Averaging Down (Nanpin): What the Rules Actually Ban Isn't 'Buying the Dip' — It's Increasing Lot Size
Averaging down (nanpin) and martingale are treated as completely different things under the rules. Funded7's Rule 4 explicitly bans 'increasing lot size from 1.0 → 1.5 → 2.0,' while explicitly allowing averaging down at the same or a reduced lot size. Fintokei lifted its martingale ban entirely in July 2025. Includes a quick-reference table of how 10 firms treat this, a formula for working backward from your floating-loss cap to the number of steps you can take, and why the room left right after the final step differs by 7.8x between averaging down and martingale even at the same 5 steps. Confirmed with each firm's official help center on September 16, 2026.
Does Averaging Down Beat the Consistency Rule? What a Real EA Backtest and a Rulebook Review Actually Show [Opinion]
Averaging down (nanpin/DCA) turned out to be genuinely immune to the consistency rule. But at a 13.2% pass rate, it's useless on its own. Adding a stop-loss raises that to 41.2% while keeping the immunity — but it still falls short of trend-following's 52.9%. Checking the actual rulebooks, what's banned isn't averaging down itself — it's doubling your lot size.