What Are the Performance Requirements to Pass a Challenge?
To pass a challenge, traders must meet the following profit targets:
Two-Phase Challenge
- Phase 1:
- Profit Target: Achieve a 10% profit.
- Daily Drawdown: Cannot exceed 4% of the account balance in a single day.
- Overall Drawdown: Maximum allowed drawdown is 8% of the account balance.
- Minimum Trading Days: You must trade for a minimum of 5 days to pass Phase 1.
- Phase 2 (Verification):
-
- Profit Target: 5% profit target.
- Daily Drawdown: 4% per day.
- Overall Drawdown: capped at 8%.
- Minimum Trading Days: Minimum of 5 trading days.
- One-Phase Challenge
-
- Profit Target: You must achieve a 10% profit.
- Daily Drawdown: Maximum of 4% per day.
- Overall Drawdown: Capped at 8%.
- Minimum Trading Days: A minimum of 5 trading days is required.
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