Position Trading on Funded Trading Plus — Rules & Compatibility

Rule Compatibility Checklist

Yes, you can absolutely use position trading on Funded Trading Plus, and it's actually one of the better prop firms for this strategy. With an 8/10 compatibility score, Funded Trading Plus offers several key advantages for traders looking to hold positions for weeks or months to capture major market moves. The most significant advantage for position traders is that Funded Trading Plus allows weekend holding without restrictions. This is crucial when you're holding trades for extended periods, as major market events and shifts often occur over weekends. You won't need to close profitable positions on Fridays or worry about gap risk policies that some other firms impose. Another major benefit is the absence of time limits on Phase 1. While many prop firms pressure traders to hit profit targets quickly, Funded Trading Plus gives you unlimited time to develop your trades. This aligns perfectly with position trading, where you might wait weeks for the right setup and then hold for months to capture the full move. The lack of minimum trading days (0 days required) also means you won't be forced into trades just to meet activity requirements. The firm's risk parameters work well for position trading too. With a 4% maximum daily loss limit based on balance, you have reasonable room to weather the larger drawdowns that position trades often experience before moving in your favor. The 6% maximum total loss gives you adequate breathing room for the inevitable periods when macro trends take time to develop. For the 10% Phase 1 profit target, position traders typically need fewer winning trades to achieve this, as each successful trade often captures larger moves. However, there is one significant limitation: Funded Trading Plus only offers forex trading. You won't have access to indices, commodities, or crypto, which many position traders prefer for capturing long-term economic cycles. This means you'll need to focus your macro analysis on currency pairs and central bank policies rather than broader market themes involving stocks or commodities. The 1:30 leverage on forex pairs is actually appropriate for position trading. While lower than some firms offer, it encourages the conservative position sizing that's essential for long-term holding strategies. You'll need to be more selective with your entries, but this aligns with the position trading approach of waiting for high-conviction setups. Funded Trading Plus offers multiple platforms including MT5, cTrader, DxTrade, and Match Trade. For position traders, MT5 and cTrader are particularly useful due to their advanced charting capabilities for higher timeframe analysis and their reliable order management systems for setting wide stop losses and take profit levels. The absence of consistency rules is perhaps the biggest advantage. Many prop firms require even profit distribution or limit the percentage of profits from any single trade. Since position traders might have months with no trades followed by a single large winner, these rules can be problematic. Funded Trading Plus doesn't impose such restrictions, allowing your natural trading rhythm to unfold. News trading is allowed subject to their policy, which works well for position traders who often base decisions on fundamental developments rather than trying to scalp news events. You can build positions around major economic announcements and central bank decisions without worrying about trading restrictions. For risk management, focus on position sizing that allows for the wider stops position trading requires. With major currency pairs, you might need stops of 200-500 pips for weekly/monthly timeframes. Calculate your position size so that hitting your stop represents no more than 1-2% of your account balance, giving you room for multiple attempts while staying well within the 6% maximum total loss. The 80% payout split is standard and fair, especially considering there are no additional fees for holding positions overnight or over weekends. This makes the firm cost-effective for strategies that rely on fewer, larger winning trades. One area to watch is the balance-based daily loss calculation. Since position trades can have significant unrealized drawdowns before turning profitable, monitor your exposure carefully to ensure temporary adverse moves don't trigger the 4% daily loss limit. Consider scaling into positions over multiple days if your analysis suggests a very large position is warranted. Overall, Funded Trading Plus provides an excellent environment for position trading, with policies that support rather than hinder long-term holding strategies. The main adaptation you'll need to make is focusing exclusively on forex markets, but for traders comfortable with currency analysis, this firm offers the flexibility and patience that position trading requires.

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