Rules Summary
Phase 1 Target: 8%
Phase 2 Target: 5%
Maximum Time: No time limit
Minimum Trading Days: 4 days
Daily Drawdown: 4%
Maximum Drawdown: 12% (Static)
Maximum Risk per Trading Idea: 50% of the daily drawdown
Drawdown Type: Static
Profit Split: 80% / 20%
Maximum Inactivity: 30 days
Expert Advisors (EAs): Allowed
Profit Targets
In Phase 1, the trader must achieve an 8% profit target.
In Phase 2, the trader must achieve a 5% profit target.
There is no time limit to complete either phase.
Minimum Trading Days
A minimum of 4 trading days is required to successfully complete the challenge.
Drawdown Rules
Daily Drawdown – 4%
The account may not lose more than 4% during a trading day.
If there is an open position, the limit is calculated based on the floating equity.
If there are no open positions, the limit is calculated based on the closed balance at the start of each trading day.
This limit resets daily.
Maximum Drawdown – 12% (Static)
The account may not fall more than 12% below the initial account balance.
This limit is static and does not increase as profits are made.
Maximum Risk per Trading Idea
The maximum risk allowed for a single trading idea is 50% of the daily drawdown limit.
This rule is designed to prevent excessive exposure on a single trade or a group of related trades.
Profit Split
Profits are split 80% to the trader and 20% to the firm.
Withdrawals
The first withdrawal is available 30 days after the first trade following the challenge purchase.
Subsequent withdrawals are available every 15 days.
Inactivity
The maximum allowed inactivity period is 30 days.
Expert Advisors
The use of Expert Advisors (EAs) is permitted.
Mandatory Stop Loss
All trades must have a Stop Loss (SL) placed within a maximum of two minutes after opening the position.