Blueberry Funded has announced a significant update to its trading rulebook, effective March 12th, 2024, at 9:00 AM EST. The aim is to simplify the trading experience, reduce restrictions, and provide greater flexibility for traders.
The update permanently removes several previous restrictions, including Lot Size Rules, Chasing Losses, One-Sided Bets, All-In Trading, Position Stacking, and Martingale/Grid Trading.
These are replaced by a single, clear guideline: a 1.5% Risk Per Trade Idea for Funded Accounts. A "trade idea" encompasses an initial position and any positions opened in the same direction within 10 minutes of closing a losing trade, with the combined loss capped at 1.5% of the initial account size.
For traders seeking more drawdown room, a new add-on will be available at checkout, allowing an upgrade to 2% Risk Per Trade Idea.
Activities such as Arbitrage, HFT, Tick Scalping, Toxic Trading, and Bad Faith Trading remain strictly prohibited, and news trading rules are unchanged.
These adjustments apply to 1-Step, 2-Step, Instant Lite, and Instant Elite challenges. It is crucial to note that they only affect new challenges purchased from March 12th onward.
Additionally, the Rapid Challenge will be retired on March 12th, with the upcoming introduction of a new product, "Instant Pro," announced.
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