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:
Placing a trade in one direction with no risk management (i.e., no stop-loss), where the trade will either pass or fail the challenge in a single attempt.
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.
Note:
A ‘trade’ is defined as a position held on a specific pair, which can include multiple entries with similar timings and lot sizes. Multiple entries on the same pair at the same time may count as one trade. Trades with significantly smaller lot sizes do not count as a trade. If you are found using prohibited strategies, including gambling and grid trading, you will not advance to the funded stage and will need to retry the challenge and if done on the earnings account you will be denied payout.