Profit Target: Is set at 6%. (Phase 1 and 2)
For example, if you have a simulated $100,000 Vintage Challenge, you need to achieve a profit of $6,000 to meet the target for each phase.
Max Drawdown: Is set at 8%.
Example: You have a $100k account.
In Phase 1, the drawdown is equity-based static drawdown, meaning it remains static from the starting balance of $100k. That means if you have a 100k Vintage challenge, the maximum loss limit is established at $92,000. Even if your account profits and your balance increases above the initial amount, your maximum loss limit will remain fixed at $92,000.
In Phase 2, the max drawdown shifts to a trailing drawdown. As your equity grows, the drawdown level moves with it, giving you a new loss limit based on your profits.
When you reach the funded stage, the drawdown reverts back to the equity-based static drawdown model, as in Phase 1.
Max Daily Drawdown: Is set as 3%
It is calculated based on the starting balance and subtracts from the balance/equity, whichever is higher at the start of the day.
Example: You have a $100k account. If you select a 3% daily drawdown limit, it means the maximum your account can drop to is $97,000.
Minimum Trading Days: Phase 1 and 2 requires a minimum of 6 trading days.