The Take profit cannot exceed 2% of the open price for EUR/USD but It allows to modifie the TP in the diection of the trade.
Does the rule mean 2% max for the initial TP at The opening of the position ? or at the closing the price cannot be more than 2%?
at the opening, the TP price can't exceed 2%, but if you have opened position and price went 100 pips in your favour you can adjust your TP price approximately by 100 pips
It means it's allow to close a position with a profit more than 2% of the price EUR/USD
This is the answer that I received recently from contest support:
Greetings,
From the Contest Trading Rules:
Take profit and Stop Loss levels should not exceed 2% from the opening price for EUR/USD. Limits for the rest instruments recalculating each settlement according to "Pip Conversion Schedule".
https://www.dukascopy.com/tradercontest/?action=contestrules&language=en
Open trading account