Profit target: Is set at 9%.
For example, if you have a simulated $100,000 challenge, you need to achieve a profit of $9,000 to meet the target.
Max drawdown: Is set as 6%.
Example: You have 100k account. It will remain static from the starting balance of $100k.That mean if you have a 100k 1-step challenge, the maximum loss limit is established at $94,000. Should your account profit and your balance increase above the initial amount, your maximum loss limit will steadfastly remain at $94,000, without any adjustments for increased equity.
Max daily drawdown: Is set as 4%.
It is calculated based of the starting balance which subtracts from the Balance/Equity, whichever is higher at the start of the day.
Example: You have a 100k account. Your Daily Drawdown is static 4%. That mean that the maximum it can go down to is $96,000.
The Equity can go to $104,000 (4%) and come back down to $96,000(-4%) the same day and still be able to trade.Minimum Trading Days: Requires a minimum of 3 trading days.
Updated over a week ago