Can I trade CL on the MyFundedFutures evaluation?

Yes, Crude Oil (CL) is available for trading during the evaluation phase and on funded accounts, with the same 8-contract maximum applying throughout.

How many CL contracts can I trade at MyFundedFutures?

You can trade up to 8 CL contracts simultaneously across all your positions. This limit applies to your total exposure, not per trade.

How does the trailing intraday drawdown affect my CL risk management?

The trailing drawdown resets to your peak equity each day, so profitable CL trades give you more room for risk. If you're up $1,000, you effectively have an additional $1,000 buffer before hitting drawdown limits.

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Crude Oil (CL) on MyFundedFutures

MyFundedFutures offers excellent conditions for Crude Oil (CL) traders with up to 8 contracts allowed and trailing intraday drawdown rules that reset daily. With no daily loss limits and overnight positions permitted, CL traders can capitalize on oil's volatility while maintaining proper risk management.

Max Contracts (CL on MyFundedFutures)

contracts maximum (funded account)

This is the maximum number of CL contracts you can hold simultaneously on a funded MyFundedFutures account. Exceeding this limit is a rule violation that can result in account termination.

Trading Crude Oil at MyFundedFutures requires careful position sizing due to CL's $10 per tick value and the firm's trailing intraday drawdown system. The drawdown calculation tracks your peak equity throughout the trading session, meaning profitable trades can increase your available risk capital for subsequent positions. This dynamic system works particularly well for CL traders who can capture intraday oil movements while managing their exposure.

Position sizing should account for CL's typical volatility ranges. On busy news days, crude oil can move 50-100 ticks ($500-$1000 per contract) rapidly, making stop placement crucial. The trailing drawdown system means that if you're up $500 on the day, you effectively have an additional $500 buffer before hitting drawdown limits. This flexibility allows experienced CL traders to scale into positions or add contracts as trends develop.

Practical risk management involves setting stops based on technical levels rather than arbitrary dollar amounts. Given CL's tendency to gap on inventory reports and geopolitical news, consider reducing position sizes before major announcements. The 8-contract maximum provides substantial leverage - a 20-tick move with full size equals $1,600 profit. However, new traders should start with 1-2 contracts to understand how quickly CL can move against positions.

The daily payout system at 80% split means successful CL strategies can generate consistent income. Focus on high-probability setups during active trading hours (9:00 AM - 2:30 PM ET) when volume and volatility peak. Since overnight positions are allowed, swing traders can hold through the API inventory reports on Tuesdays and EIA data on Wednesdays, though this requires larger stop losses to account for potential gaps.

Position Sizing Example

On a $100,000 MyFundedFutures account with typical drawdown limits, trading 1 CL contract with a 15-tick stop risks $150 (15 ticks × $10). This represents a conservative 0.15% account risk per trade, allowing for multiple positions or larger size as your skill develops.

Frequently Asked Questions

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