> For the complete documentation index, see [llms.txt](https://docs.propw.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.propw.com/help-center/propw-trading-rules/notice-on-the-trading-mechanisms-of-the-propw-evaluation-program.md). # Notice on the Trading Mechanisms of the PropW Evaluation Program To provide a fair, transparent, and consistent evaluation experience, this document explains the trading mechanisms used during the PropW Evaluation Program. Understanding these mechanisms will help participants better interpret their trading results, evaluate their strategies objectively, and avoid misunderstandings regarding how the simulated trading environment operates. ## Simulated Trading Environment The Evaluation Program consists of Evaluation Phase 1 and Evaluation Phase 2, both of which operate within PropW’s independent simulated trading environment. All trading activities—including order placement, position opening, position closing, order modification, and settlement—are processed entirely within this simulation environment. The trading engine follows standardized trading logic and predefined risk management rules to provide participants with a consistent environment for evaluating trading strategies and developing disciplined trading practices. ## Funding Rate Calculation During the Evaluation Program, funding rates are calculated dynamically based on the long and short position distribution of participants within the simulated trading environment. Funding rates are not directly synchronized with those of external markets. This mechanism is designed to reflect market conditions and participant positioning within the Evaluation Environment itself. As a result, funding rates displayed during the Evaluation Program may differ from those observed on cryptocurrency exchanges or other external trading platforms. Such differences are expected and form part of the independent simulation environment. ## Order Triggering & Execution Conditional orders, including Take Profit (TP) and Stop Loss (SL) orders, are triggered using the Index Price. Using the Index Price helps reduce unintended order execution caused by short-term price spikes or abnormal price movements on individual market data sources. Once a trigger condition has been satisfied, the order is executed as a Market Order using the simulated order-matching engine. Because market liquidity within the simulation environment changes dynamically according to participant activity, the final execution price may differ slightly from the trigger price. This behavior is a normal characteristic of market-order execution within the simulated environment. ### Important Notice All trading activities performed during the Evaluation Program are conducted exclusively within PropW’s simulated trading environment. Orders are not submitted to or executed on any external trading venue or exchange. The simulation engine is designed to replicate common market behaviors and execution logic to provide participants with a realistic educational trading experience while maintaining a fair and consistent evaluation environment. ## Recommendations for Participants #### Understand the Nature of the Simulation Funding rates, execution prices, and other trading data reflect the conditions of the PropW simulated trading environment and should not be expected to match external market data exactly. #### Allow for Reasonable Execution Variations When setting Take Profit, Stop Loss, or other conditional orders, participants are encouraged to consider possible execution differences resulting from market volatility and simulated liquidity conditions. Maintaining an appropriate buffer between trigger prices and target prices may help improve strategy execution. #### Focus on Strategy Development The Evaluation Program is designed to help participants: * Develop disciplined trading habits; * Evaluate and refine trading strategies; * Strengthen risk management skills; and * Gain practical experience within a structured simulated trading environment. Participants are encouraged to focus on long-term trading consistency rather than attempting to replicate every movement observed in external markets. ## Contact Us PropW is committed to maintaining a transparent, fair, and professional simulated trading environment for all participants. If you have any questions regarding the trading mechanisms described above, please refer to the Help Center or contact the PropW Customer Support team for further assistance. --- # Agent Instructions This documentation is published with GitBook. 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