Program Rules
Prohibited strategies
At Noctorial, traders who succeed in the long term do so because their results reflect real skill: real analysis, real risk management, real consistency.
Prohibited Strategies
Latency arbitrage
Reverse arbitrage
Hedging
Tick scalping
High-Frequency Trading (HFT)
Martingale
Grid trading
Abusive automation
Account sharing
Exploitation of technical errors
Gambling and trading without strategy
Account rolling
How we detect prohibited strategies
We monitor every account using more than 50 variables: trade durations, timing, sizing, lot consistency, IP addresses, login behavior, and correlation with other accounts.
Responsible Use of Capital
What it is: Noctorial may review, limit, suspend, or terminate accounts when trading shows patterns inconsistent with professional capital management, or that cannot be reasonably translated to real market conditions. This includes anomalous trading behaviors, excessive use of risk, exploitation of the evaluation environment, or any practice incompatible with professional trading.
Why it is prohibited: This policy exists to protect the integrity of the program and the traders who trade with genuine discipline, not to limit the professional trader. It is independent of compliance with the program's metric rules: following them does not exempt from this review, just as an isolated incident is assessed differently than a pattern sustained over time.
One thing to remember
If a strategy seems to be exploiting the system rather than reading the market, it most likely is.