Guideline 1 : Stop loss
A stop-loss is required for each trade. This is a soft breach.
Guideline 2 : Closing open positions
All positions must be closed on or before Friday 4PM Eastern Standard Time. This is a soft breach.
Guideline 3 : Maximum open lots
The maximum number of open lots equal to 1/10000 the size of the account is allowed. This is a soft breach.
Guideline 4 : Days Since last trade
You must place a trade at least once every 30 days, else you will fail the audition. This is a HARD breach.