Can I use Expert Advisors (EAs) or trading bots?

The use of Expert Advisors (EAs) or trading bots is not allowed. We require that all trades be executed manually by the trader, meaning that no automated systems or bots should be used to place or manage trades.

What are Expert Advisors (EAs) and Trading Bots?

Expert Advisors (EAs): These are automated scripts that run on trading platforms like MatchTrader and automatically open, close, or manage trades based on pre-programmed conditions. EAs are often used for strategies like scalping, trend following, or news trading, and they function without requiring human input once they are set up.

Trading Bots: Trading bots are similar to EAs but are typically standalone programs that run on a server and connect to your trading account through an API (Application Programming Interface). They execute trades based on algorithms and market conditions defined by the trader or the bot creator.

Why Are EAs and Trading Bots Not Allowed?

The main reason we do not allow automated systems like EAs and trading bots is that they do not reflect true trading skill. Our platform is designed to assess your ability to make decisions, manage risks, and execute strategies. When using automated systems, the results are more reflective of the algorithm or script used rather than your decision-making skills.

What Does This Mean for You as a Trader?

Manual Trading: At Pivex, you are the one responsible for placing and managing trades. This allows us to accurately evaluate your performance, strategy, and risk management skills.

Real Trading Experience: Using automated trading systems can lead to situations where the trader doesn’t engage with the market on a personal level, potentially ignoring important market conditions or making decisions based solely on algorithms. Our focus is to ensure that you develop real trading experience that reflects your trading abilities.

What Happens If You Use an EA or Bot?

If it is found that a trader has used an EA or trading bot during the Challenge or Pivex Trading Stage:

The account will be reviewed for compliance with our trading policy and guidelines.
Any profits generated from automated trades may be excluded from the evaluation or payout processes.

While EAs and bots are prohibited, certain tools that assist in manual trading can be used, such as:

• Charting tools and indicators that provide market analysis.
• Trade management software (for position sizing or setting alerts) that does not automatically execute trades for you but helps assess the risks for your trades.

The key is that you must be in control of every trade, from opening to closing.

We are committed to creating a level playing field where real traders can thrive and develop their trading skills. By prohibiting automated trading systems, we ensure that the traders we fund have the skill and discipline to make profitable decisions in real market conditions. This is not just about profit—it’s about consistency, strategy, and risk management.

If you have any further questions or need assistance in setting up manual trading systems, feel free to reach out to our support team!