What Types of EAs Are Allowed?
✅ Trade management EAs – Used for automating stop-loss adjustments, trailing stops, and position sizing.
✅ Strategy-based EAs – Designed to execute technical or fundamental trading strategies.
✅ Algorithmic trading systems – Systems that operate based on predefined rules and risk parameters.
What Is Not Allowed?
❌ High-Frequency Trading (HFT) EAs – EAs that submit an unusually high number of orders within very short timeframes (milliseconds) are not permitted, as they may cause execution or liquidity issues with our brokers.
Best Practices for Using EAs
Thoroughly test your EA before deploying it on an evaluation or funded account.
Make sure the EA complies with NSF’s trading rules, including drawdown limits and risk management requirements.
Actively monitor your EA to prevent unintended rule violations or performance issues.
Automated trading can be a powerful tool, but traders are ultimately responsible for their account activity. If you choose to use an EA, ensure it aligns with NSF’s risk guidelines to maintain account eligibility.