Challenge Account Rules
8% Profit Target (Phase 1)
You need to reach the profit target of 8% without breaching any of the other rules within a 30 calendar day period. Your time starts when you open your first trade
7% Daily Drawdown
You must not have a 5% drawdown based on your balance or equity (whichever is higher) on your account within a 24 hour period starting at 5pm EST
5% Profit Target (Phase 2)
You are required to reach a profit target of 5% without breach any of the other rules within a 60 calendar day period. Your time starts when you open your first trade.
14% Account Drawdown
Your account must not go down by 14% (realized/unrealized) to balance or equity.
Always remember:
Drawdown % = [1 - (lowest equity or balance for the day) / (starting equity or balance for the day) ] X 100
5 Day Trading Minimum
You must trade a minimum of 5 trading days in order to pass the evaluation. This shows us your ability to be patient and your trading habits, enabling us to profile your style.
No Trading Restrictions
Trade your way, your size, your time. We do not limit the way you can trade. We do recommend that you maintain consistency and focus on risk management as it is important for long term success.
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