Crude Oil (CL) on Apex Trader Funding

Apex Trader Funding offers competitive conditions for trading Crude Oil (CL) futures with their trailing intraday drawdown system and 100% profit share on the first $25,000. With a maximum of 10 CL contracts allowed and no daily loss limits, traders have flexibility to capitalize on oil market volatility while managing risk within their drawdown parameters.

Position sizing for CL contracts at Apex Trader Funding requires careful consideration of their trailing intraday drawdown system, which locks in new drawdown floors as your account reaches equity highs throughout the trading session. Since CL moves in $10 ticks and can experience significant intraday volatility, especially around inventory reports and geopolitical events, traders must account for potential adverse moves that could trigger the drawdown limit.

The trailing intraday nature of Apex's drawdown calculation means that unrealized gains immediately raise your drawdown floor, creating a dynamic risk environment. For example, if you're up $500 on a CL position during the session, your new drawdown floor moves up by that amount. This system requires active position management, as you cannot rely on overnight recovery since positions must be closed before the session ends.

When trading CL at Apex Trader Funding, consider using smaller position sizes initially to test how the trailing drawdown affects your strategy. The $10 tick value means a 10-tick stop loss on one contract risks $100, which should be weighed against your account size and current drawdown buffer. Many successful CL traders at prop firms use 8-15 tick stops, translating to $80-150 risk per contract.

Practical tips include monitoring your real-time drawdown level continuously, especially during volatile periods like EIA inventory announcements. Since news trading is permitted but directional scalping is prohibited, focus on breakout strategies rather than quick directional plays around economic releases. The 50% consistency rule also means you should avoid taking oversized positions that could create one dominant winning day, potentially preventing payout qualification.

On a $25,000 Apex Trader Funding account with approximately $1,500 drawdown allowance, trading 1 CL contract with a 10-tick stop risks $100, representing about 6.7% of your drawdown buffer. This leaves room for multiple trades while maintaining conservative risk management within the trailing intraday system.