Profit target: 8% for Phase 1 and 5% for Phase 2.
Max drawdown: Is set as 8%.
Example: You have 100k account. It will remain static from the starting balance of $100k.
That mean if you have a 100k 2-step challenge, the maximum loss limit is established at $92,000. Should your account profit and your balance increase above the initial amount, your maximum loss limit will steadfastly remain at $92,000, without any adjustments for increased equity.
Max daily drawdown: Is set as 3%.
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 3%. That mean that the maximum it can go down to is $97,000.
The Equity can go to $103,000 (3%) and come back down to $97,000(-3%) the same day and still be able to trade.Minimum Trading Days: Requires a minimum of 3 trading days.
Updated over a week ago