If you’re an active trader on Bulenox, you may have noticed a recent update to their Master Agreement. They’ve introduced some changes to the rules, and while some updates might seem minor, others could impact your trading strategy. Here, we’ll walk through each key change to ensure you’re fully up-to-date and trading in line with their guidelines.
Master Agreement Update: What’s New?
Bulenox recently made an update to their Master Agreement. If you’ve logged in recently, you might have had to agree to the new terms. Whether you skimmed it or went through the entire document, let’s break down the essentials of what’s changed and what it means for you.
1. Trade Copying Restrictions
One major update is in the realm of trade copying. Under the new rules:
- Trade copying is allowed only within Bulenox accounts. Copying trades between different companies or prop firms is strictly prohibited.
- Copying is limited to accounts within the same company system—so you can copy from a qualification account to a master account (and vice versa), but not across multiple props.
It’s worth noting that Bulenox seems to have ways of detecting cross-company copying, though it’s unclear how. Regardless, the takeaway here is to keep all trade copying within Bulenox.
2. Consistent Account Size and Position Sizing
Bulenox has also placed stricter guidelines on consistent account sizing:
- Maintain a steady position size—if you’re trading with a specific number of contracts, stick to it. If you normally use one mini, for example, continue with one mini. Avoid fluctuating position sizes frequently.
- No excessive “flipping”—flipping on more than 20% of your trading days is prohibited. Essentially, out of 10 trading days, only two can involve position flips. This change promotes steady, strategic trading over sudden high-risk plays.
3. Account Activity Requirements
The inactivity rule is straightforward but important:
- You must make at least one trade every five days. If your account remains inactive for over five days, Bulenox reserves the right to close it. This rule is meant to keep accounts active and prevent prolonged inactivity.
4. Algorithmic Trading and Trading Bots
Bulenox has also clarified their stance on automated trading:
- No unauthorized use of algorithms or trading bots—using scalping algorithms, DTC protocol APIs, or any other automated trading method without Bulenox’s approval is prohibited.
- You’re allowed to apply for permission to use third-party algorithms or bots, but this requires approval from Bulenox’s management team. Opening and closing large numbers of trades in rapid succession, particularly in volatile market conditions, is seen as abuse and may result in profit denial.
Why These Rules?
Overall, these new rules don’t deviate drastically from industry standards, as many prop firms have similar guidelines in place. The restrictions on copying trades across firms and the consistency in trade size aim to create more stable trading environments and to protect against riskier strategies that can lead to sudden losses.
Bulenox’s current promotion offers an opportunity to take advantage of some of their accounts at a significant discount:
- 91% off Option One Accounts – Use code MM.
- 84% off Option Two Accounts – Use code MM2.
Both types of accounts have slightly different trailing drawdowns and daily limits, so make sure to select the one that aligns best with your strategy.
Final Thoughts
These changes aim to make trading on Bulenox fair and structured, encouraging consistent, methodical trading approaches. While the restrictions on copy trading across firms might seem restrictive, most of the other rules are standard in the prop trading world.
So, what are your thoughts on the new Bulenox rules? Do you think these changes will impact your trading style, or are they just business as usual? Let us know your take on the updates and if you think they’re a step in the right direction.
