1) The account must be real - no demo's. (please do not argue here that it is the same as a live acc. etc - the idea is not to engage in any arguments)
Yes - and it's at a reputable and ASIC-regulated broker (IC Markets)
2) The account must be verified (please do not come and defend your unverified-but-want-to-participate account - there will simply be no interest)
Yes - both track record and trading privileges are verified.
3) DD must not be higher than 40% - (please. Once again. No justification for your above 40% dd, if it is higher - don't participate)
Yes. Although I do expect the highest DD may reach 50-60% running at 100% Risk. I have recently started a MAM account at Pepperstone running at 30% Risk, whose max lifetime DD should not exceed 20-25%.
4)The account must be older than 3 months, maybe this is even still too young.
5)No martingales! (it might work for you, and I do not want to engage in an argument - just please keep to yourself and don't participate)
Yes - and all trades have a hard SL. This system has statistical advantage over the market in the long term. If a trade doesn't work out, it won't hold and pray - it will just accept the loss and move on to the next trade.
Please also check out the Pepperstone MAM account which is running at 30% Risk:https://www.myfxbook.com/members/SFETrading/smart-forex-expert-mam-30/6432140