Terms of use micro trader

What meets the criteria of a trading day? 
Your average trade size is used to calculate a trading range. The range is determined by adding 100% to your
average trade size to determine the maximum value and subtracting 75% to determine the minimum value. If your
average trade size was 20 Lots. This means that any trades that fall within the range of 5 to 40 lots would be
considered consistent with your average trade size and is a normal trading day. This final calculation is done after
a trader requests their payout, and is based on all closed orders on the account. Closed trades that are placed outside
of this range will be subject to review/deduction from the total profit split when HFT is used to pass the challenge. 
During the funded stage, we encourage the trader to be aware that a "series" of trading outcomes will lead to a payout.
Taking 1 winning trade, followed by 0.01 positions for 4 days to meet the minimum 5 day rule will not constitute as
minimum trading days, as this does not correlate to real trading. Traders must execute a minimum of 5 applicable
trades on 5 seperate trading days related to their strategy to be eligible for each payout. This displays consistency and
classifies the type of traders we are looking for. We would like to make it clear that this should not be a problem for any
trader with an edge within the foreign exchange market. Where as most firms have multiple stages for understanding a
trading style of a client, we allow our traders to display performance on the live stage quickly so they can be rewarded
for their early performance, with this minor obligation set in place. We see this as fair, since the evaluation has zero
restrictions, and traders are able to move into the "funded" stage as soon as 72hrs from beginning our program. Nova
reserves the right the classify the validity of a trading day at the risk teams discretion. To ensure all trading days are
followed, a trader should confirm that trades are placed on the account in accordance with their true trading strategy
and never as placeholders to meet the minimum trading day requirement. Opening trades in alignment with your lot
size range with a marginal duration compared to previous days will not be considered a true trading day. If a trader
has any trades which last over 1000 seconds throughout a given trading period, Nova will only classify trades that last
more than 5 minutes as a true trading day. 
3.2.5 Trading Instruments: NovaFunding Trading Evaluation(Phase 1) includes all instruments your chosen brokerage
is offering for your chosen trading platform
3.2.6 All positions must be closed before the trading period will end and before the trading period can be reviewed. 
3.2.7 Exceptions: Based on your individual trading methods, it is possible to be granted an exception, however,
exceptions are granted only after an interview with our Risk Management team. Without such granted exception(s),
traders who take unreasonable risk may face termination of our relationship.