- Static Drawdown
- The payout request must be made on the last Saturday of the month. And, only the last Saturday for efficiency between 2 am EST and 5 pm EST.
- Payout requests are on the LAST Saturday of the month, before 5 pm est. Using our new Leeloo Dashboard: https://www.leelootrading.com/login Be sure to log in using your amember log in, NOT your Rithmic Log in.
- Traders MUST be registered with Rise to request a Payout on the Last Saturday of the month via our new Leeloo dashboard: https://www.leelootrading.com/login Watch to learn more: https://youtu.be/PCKX-7Ss3cA
- Maximum of three (3) concurrent Accelerator accounts under 1 Rithmic ID (only 1 Rithmic ID permitted per trader)
- Traders will have the option of an Accelerator Glide $100k 2 contract static or investor $25k trailing drawdown. If the trader has 3 Accelerators and qualify for another one, they will get the $25k trailing drawdown.
Benchmarks...
Phase 1: Reach $2000 profit target
- All traders start in Phase 1 with a $100,000 Initial Balance and minimum account balance limit of $99,375
- The max drawdown is -$625.. but it is static. It does not trail. (i.e. You earn $150 profit now your cushion is $625 + $150 = $775 etc)
- Upon reaching the $2000 profit target, contact Leeloo™ to initiate Phase 2.
Phase 2:
Once the Phase 1, $2000 profit target has been met:
- Your minimum allowable account balance limit will be moved up from $99,375 to $100,100. Everything else remains the same, including your profit which remains intact.
- Your max loss minimum account balance limit of $100,100 will never change or increase regardless of the amount of realized or unrealized profit earned.
- For example, you grow the account to $165,000 then you would need to lose $64,900 in profit before the $100,100 minimum account balance is met and the account forfeited (there is no trailing drawdown).
- Traders can request to have their max contract limits expanded according to tiered profit thresholds (contact Leeloo™ when targets are met).
- It is the trader's responsibility to contact us once you have reached Phase 2. If the trader continues to trade after reaching Phase 2 and has not contacted us to move the stop loss/loss limit, the trader's Leeloo PA™ account can be closed without notification. Alternatively, Leeloo™ has the right to move the loss limit to $100,100 once the trader has reached $2000 in profit.
TIERS
- NOTE: Trader must pause for 60 days at the max level of contracts equivalent to the successful practice account. For example, the trader qualified with a 12 contract account. After scaling up from 2,3,4,5 and 8 contracts and reaching a balance with at least $10,000 profit, the trader must pause for 60 days; trading no more than 12 contracts until the trader can continue adding additional contracts.
Max Loss Limit
- If a trader meets or exceeds the Max Loss Limit at any time intra-trade or post-trade, the account will be closed.
- The max loss is $625 and/or $99,375 in Phase 1. It does not trail. Once the account reaches $102,000 in profit, OR if a trader requests a payouts, the max loss minimum account balance is moved by the administrator to $100,100. It never moves again from $100,100.
Swing Trading | Holding Trades Overnight
Traders may hold up to 3 micros through the close. For standard lots and any amount of contracts more than 3 micros, traders must get permission from the Leeloo™ admin before holding trades through the close of market. You will need enough profit to cover the Maintenance Margin for each Instrument per contract you plan to hold.
If your account does meet the margin requirement, any active positions can be liquidated and the account can be closed. Reference this guide (
https://ninjatrader.com/PDF/ninjatrader_futures_contract_details.pdf /
https://ninjatrader.com/Margins-Position-Management).
For example, you would need at least $16,000 profit to hold 1 NQ contract. Send a ticket with the exact number of contracts and which particular instrument you plan to hold to receive confirmation from Leeloo™.
Unless permission is granted by the admin, ALL trades MUST be flat 15 minutes before the market close (of that particular instrument).
Please reference
this guide for session close times per instrument. For example, ES must be flat by 16:45 EST and Corn (ZC) must be flat by 14:05 EST.
Holding a position through market close is managed as follows:
- The oldest position carries forward so that during the close your position resets to the price carried.
- The FCM does not match off trades – First in First Out.
- The first day you carry a position, it is carried at the highest or lowest traded price and will continue to carry that trade until the position is flattened.
- This is simply an accounting method used to give the account the highest possible value to be used for margin. It does not affect the balance of the account in any way.
- Once the overnight run is processed and trades are matched off and statements are generated, the platform will adjust to coincide with the statements.
Warning
- Trading during erratic and periods of high volatility is risky. Data feeds and software platforms are subject to lag and error. Leeloo™ cannot take responsibility for software performance failure, lag, glitches and, of course, our trader’s hardware or internet mishaps. Be careful trading volatile markets.
- Limit UP/Down or Markets halted - During these uncommon occurrences, when markets are halted, be careful of getting trapped with an open order. You may suffer an erroneous fill (during suspended markets). AVOID trading these times with your Leeloo™ account as Leeloo™ is NOT RESPONSIBLE for data or software mishaps during Limit Halts. Be mindful of volatile days and check daily Price Limits.
Trading Platform
Leeloo™ provides traders continued use of a FREE License Key to operate the NinjaTrader platform in Leeloo Performance Account™. License keys or fees associated with use of trading platforms other than NinjaTrader are the responsibility of the trader.
Fees
- Leeloo PA™ fee is once per month in the amount of $88 regardless of the size of the account.
- Leeloo also offers a one-time PA fee option in the amount of $250 regardless of the size of the account.
- The monthly and the one-time Leeloo PA™ fee each cover everything, including all data and fees.
- Some Leeloo™ traders are entitled to the non-professional data fee scale (as long as they themselves meet the requirements). For those who qualify as professional, data fees are pre-paid separately and additionally per exchange per month. These traders pay the Leeloo™ fee per month PLUS the Professional exchange fee per exchange.
Commissions
- Commission fees vary based on Exchanges. You can check them in your Leeloo Performance Account™ the same way as your practice (previously known as evaluation) accounts.
Payouts via Leeloo's periodic Performance Based Contests | Benchmarks
Traders can request the first payout after a minimum 30 traded days upon meeting the benchmarks described herein (starting March 1) upon activation of the Accelerator Leeloo Performance Account™.
- The request must be made on the last Saturday of the month. And, only the last Saturday for efficiency between 2 am EST and 5 pm EST.
- Payout requests are on the LAST Saturday of the month, before 5 pm est. Using our new Leeloo Dashboard: https://www.leelootrading.com/login Be sure to log in using your amember log in, NOT your Rithmic Log in.
- Payouts will be processed that same last week of the month (once per month).
- Traders MUST be registered with Rise to request a Payout on the Last Saturday of the month via our new Leeloo dashboard: https://www.leelootrading.com/login Watch to learn more: https://youtu.be/PCKX-7Ss3cA
- There are no minimum or maximum amount restrictions on these once per 30 traded days (1st payout) and then 10 traded days per month on subsequent payout on the Accelerator Account payout. The trader may request as little or as much profit as they wish above $100,100. However, keep in mind the minimum allowed account balance is fixed at $100,100. If the account balance falls to $100,100 or below, the Performance Account will be closed. A trader may not want to receive a payout of too much and potentially leave too little drawdown cushion. Only a day actively traded counts as one of the required trading days. Download the Leeloo app to check traded days or, read more Info on how to confirm active days - CLICK HERE. If you have not met the minimum trading days, then simply request during the next period. Our Leeloo software is automated and we are not able to make exceptions to traded days. Any deadlines that are missed will fall into the next payout request period and you can submit the payout request at that time. Payout approval requires compliance with the Leeloo PA™ Agreement and Rules listed in the agreement.
- If a payout is requested before reaching $102,000, the minimum account balance limit is moved up to $100,100 where it will always remain.
- For example, if a trader with a $101,500 balance requests a $500 payout. (Payouts are processed on the LAST week of the month). The minimum account balance limit is moved by the admin from $99,375 to $100,100. $101,500 payout of $500 leaving an account balance of $101,000. This means there is now only a $900 drawdown cushion between the minimum account balance threshold of $100,100.
- Traders are entitled to 100% of the first $12,500 payout; above $12,500 the trader receives 90% of the profit requested.
- It is the TRADER's responsibility to confirm with his/her bank that he/she can receive payouts before purchasing any account with Leeloo.
- Due to OFAC sanctions, there are times we are unable to offer services with traders residing in specified countries. If you cannot purchase a practice account with Leeloo, please contact us as your country may be on the list.
- Due to volatility in crypto, Leeloo currently does not offer payouts via crypto.
- Leeloo Performance Account Payout Caps: Unless Leeloo consents, in its sole and absolute discretion, Leeloo is not obligated to pay the Trader more than the Account Payout Cap per user by their largest account. For example, a Trader may have 10 accounts with $200,000 in profit across all of their accounts with their largest account being the $150,000 account. This trader would only be eligible for a max payout of $150,000 total despite the profits of $200,000. All payouts exist at Leeloo's full discretion.
Payout Tax Implications
- Traders who operate our Leeloo Performance Account™ are treated as independent contractors.
- For questions and tax reporting advice, consult your qualified accountant.
For the highest potential for your success, ensure you...
- Follow a consistent trading plan in size, stops, targets and profit taking
- Follow a consistent trading plan
- Follow a consistent plan in contract usage per each trade (i.e. don't use 40 for a home-run and then switch to 1 contract).
- Do not over-leverage
- Do not high frequency trade
- **This is training ground for your own potential live account. Trading successfully and consistently for the long-term requires consistent actions per each and every trade.
- No BOTS or automatic trading. ONLY the Trader can trade the account without automatic bots or any bots or algos.
Reckless Trading is not permitted.
Traders are not permitted to use copiers or copy software on the following account types:
- Accelerator Accounts
- Accounts with either 10 day or 15 day payout Edge Enhancers
- Accounts with the WAIVE 30% Rule Edge Enhancer
- Accounts with the Reduce Rule (from 30% to 50%) Edge Enhancer
- Weekly accounts
- Third-party accounts
____________________
Leeloo™, through its proprietary software platform, provides individual traders an opportunity to test their skills in the market with simulated currency and the potential for
payouts via periodic performance based contests, well known as Leeloo's Performance Based Trading and Contests™. Leeloo™ is the leading education platform that champions retail traders.
Each
Leeloo Performance Account™(PA) consists of simulated/virtual funds. For the avoidance of any confusion, please remember that a Leeloo Performance Account™ is a fully simulated account with real market quotes from liquidity providers. At Leeloo's discretion, the trading data may be sent off to a firm where trades can be copied at Leeloo's own discretion using aggregated orders using proprietary risk management techniques.
Leeloo Performance Account Payout Caps: Unless Leeloo consents, in its sole and absolute discretion, Leeloo is not obligated to pay the Trader more than the Account Payout Cap per user by their largest account. For example, a Trader may have 10 accounts with $200,000 in profit across all of their accounts with their largest account being the $150,000 account. This trader would only be eligible for a max payout of $150,000 total despite the profits of $200,000. All payouts exist at Leeloo's full discretion.