Profit target: 10% for Phase 1 and 6% for Phase 2.
Max drawdown: Is set as 10%.
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 $90,000. Should your account profit and your balance increase above the initial amount, your maximum loss limit will steadfastly remain at $90,000, 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 7 trading days.
Updated over a week ago