What is a Prop Firm?
A proprietary trading (prop) firm is a company that provides traders with capital to trade the financial markets. Traders use the firm’s funds to execute trades and share a percentage of the profits. Prop firms allow traders to scale their earnings without using their own money.
Blueberry Funded Prop Firm Trading Rules
1. Evaluation Phase Rules
Before receiving a funded account, traders must pass an evaluation phase. The key rules during this stage include:
- Profit Target: Traders must achieve a specified profit percentage, typically between 8%-10% of the starting balance.
- Maximum Drawdown: There is a set limit on how much capital can be lost, often around 5%-10%.
- Daily Loss Limit: Traders cannot lose more than a specific percentage of the account balance in a single day.
- Trading Period: There is a minimum and maximum trading period, such as a 30-day window to reach the target.
- Consistency: Traders must show steady growth rather than relying on one or two big trades.
2. Funded Account Rules
Once traders pass the evaluation phase, they receive a funded account with real money. The rules for funded accounts include:
- Profit Split: Traders typically keep 70%-90% of the profits earned.
- No Gambling Trades: Prop firms prohibit reckless trading, such as overleveraging.
- Risk Management: Traders must maintain a risk-reward ratio that aligns with the firm’s guidelines.
- Scaling Plan: Profitable traders may qualify for an increased balance over time.
3. Restricted Trading Strategies
Not all trading strategies are allowed in prop firms. Some restrictions include:
- No High-Frequency Trading (HFT) – Rapid trades within milliseconds are not allowed.
- No Martingale Strategies – Increasing position sizes after losses is prohibited.
- No News Trading – Avoiding major economic events that cause extreme volatility.
4. Allowed Trading Instruments
Blueberry Funded Prop Firm allows trading in various asset classes, including:
- Forex Pairs – Major, minor, and exotic currency pairs.
- Commodities – Gold, silver, oil, and other commodities.
- Indices – S&P 500, Nasdaq, Dow Jones, and other stock market indices.
- Crypto Trading – Some firms allow Bitcoin, Ethereum, and other cryptocurrencies.
5. Gambling
You cannot use gambling strategies to pass the challenge phase. Blueberry Funded defines gambling as follows:
- Excessive Scalping:
Holding 50% or more of your trades for less than a minute. - Martingale:
Holding five positions simultaneously in drawdown on the same pair. - All In:
All-in should be like this”All-In Trading Behavior” refers to trading actions where a trader commits an excessively large portion of their account equity on a single trade or series of trades without proper risk management (e.g., no stop-loss). This approach often leads to extreme PnL swings from substantial profits to significant drawdowns and is seen as high-risk and misaligned with the firm’s long-term partnership goals. Such behavior is viewed as a form of gambling and is considered a hard breach at any stage of trading, including both evaluation and funded accounts. How to Calculate an Appropriate Lot Size Without Dropping Below 150% Margin Level. - Grid Trading:
Placing multiple trades at predetermined intervals to create a grid-like structure, with no clear risk management strategy.
Examples:
- Excessive Scalping:
A trader executes 60 trades, with 35 of them held for less than 45 seconds. This means more than 50% of their trades are categorized as excessive scalping. - Martingale:
A trader opens multiple long positions on the GBP/USD pair (e.g., Long GBP/USD at 1.3500, 1.3480, 1.3460, 1.3440) and then adds another long position (e.g., Long GBP/USD at 1.3470) while already having five positions in drawdown. This breaches the Martingale rule. - All In:
A trader opens a 2-lot position on USD/JPY without setting a stop-loss, and the position either results in passing the challenge or failing it in one single attempt. This method lacks proper risk management and trading skill. - Grid Trading:
A trader sets up a grid trading strategy by placing buy orders at intervals of 20 pips (e.g., buying AUD/USD at 0.6700, 0.6720, 0.6740) and sell orders at intervals of 20 pips (e.g., selling AUD/USD at 0.6680, 0.6660, 0.6640) without a clear risk management plan or exit strategy. This creates a grid of trades without appropriate risk management.
- Reverse Hand Post Taking Losses:
This strategy involves chasing losses by entering the opposite direction of a losing trade within a short time frame of closing the losing position, in hopes of reversing the outcome. While this may seem like a way to recover quickly, it disrupts the data we rely on to evaluate consistent performance and proper risk management. By using this strategy, you bypass the skills we are looking to test, such as strategic decision-making and discipline. Therefore, this method is prohibited, and using it may prevent you from advancing to the funded stage or result in a possible hard breach, a restart from Phase 1, or denial of a payout, depending on your risk profile as assessed by our risk team.
Conclusion
Trading with Blueberry Funded Prop Firm offers an excellent opportunity for traders to grow their accounts without personal financial risk. However, success depends on strict adherence to Blueberry Funded Trading Rules , risk management policies, and discipline in executing trades.
Understanding these trading rules will help traders avoid disqualification, pass the evaluation phase efficiently, and ultimately become profitable with a funded account. By following the guidelines outlined in this research, traders can maximize their chances of success in the world of proprietary trading.
Frequently Asked Questions (FAQs)
What Happens If I Break a Rule?
Breaking a rule may result in disqualification from the funded account, and traders may need to restart the evaluation phase.
Can I Trade News Events?
Most prop firms, including Blueberry Funded Prop Firm, do not allow trading during high-impact news events to prevent excessive risk.
How Long Does It Take to Get a Funded Account?
It depends on the trader’s ability to reach the profit target while following risk rules. Some traders pass in a few weeks, while others take longer.
Do I Have to Pay for the Evaluation?
Yes, most prop firms charge an evaluation fee, which serves as a commitment from the trader.
Can I Use Automated Trading Bots?
Most prop firms do not allow algorithmic trading unless explicitly stated in their guidelines.
What is the Best Trading Strategy for a Funded Account?
A strategy that follows proper risk management, has a high win rate, and maintains consistent profits over time.
