The following strategies are strictly prohibited across all Legion Funded models and phases:
Copy Trading: Copying trades from any external signal provider or another trader's account is not allowed.
Hedging: Opening opposing positions on the same instrument within the same account is not permitted.
High-Frequency Trading (HFT): Automated high-frequency strategies are prohibited.
Latency Arbitrage: Exploiting latency differences between data feeds or brokers is banned.
Gap Trading: Strategies specifically designed to exploit market gaps (e.g., weekend gaps) are not allowed.
Arbitrage Trading: Any form of price arbitrage between platforms or instruments is prohibited.
Why is Order Book Spamming Prohibited?
Maintaining Fair Trading Conditions:
Order book spamming can give certain traders an unfair advantage, especially in simulated or prop trading environments where risks are lower than live markets. This behaviour compromises the integrity and fairness of the platform.
Protecting System Performance:
Submitting a large volume of unnecessary orders can overload trading systems, leading to delays, slower execution speeds, and reduced platform stability for all users.
Example of Order Book Spamming-
For example, a trader places 20 separate orders of 0.05 lots within a few seconds instead of executing a single 1-lot trade. Repeatedly splitting orders in this manner may be considered an attempt to create artificial market activity or manipulate pricing behaviour in a simulated trading environment.
Note: Violation of prohibited strategy rules may result in account closure