3.1 Maximum 2% risk on a single position
Risk means the distance from your entry price to your stop loss, multiplied by your volume. It is what you stand
to lose if the position hits your stop.

Worked example. On a $100,000 account, 2% is $2,000. Trading EURUSD with a stop 100 pips away, one
standard lot puts $1,000 at risk — that is 1%. Two lots puts $2,000 at risk, which is exactly at the limit.
A large position with a tight stop can be perfectly compliant. A small position with a very wide stop may not be.
What matters is the money at risk, not the lot size.

3.2 Maximum 3% risk across all open positions
Add up the risk on everything you have open. That total must not exceed 3%.
Worked example. Three positions at 1% each is exactly 3% and is fine. A fourth position, however small, takes
you over.

3.3 A stop loss is required within 3 minutes
Every position must have a stop loss attached within three minutes of opening it. Until the stop is set your risk
cannot be measured, which is why the window is short.
A position still without a stop loss after three minutes is a breach in its own right.

3.4 No more than 5 open positions
Five at once, on each account, regardless of how small the risk on each one is.