Profit Targets
- Phase 1: 9% profit target
- Simulated Funded Account: No profit target
Drawdown Limits
- Daily Drawdown:
- Limit: 4%
- Calculated based on the higher of equity or balance at market close (21:59 GMT)
- Resets daily at 21:59 GMT
- Max Drawdown:
- Limit: 6%
- Trailing from the highest equity or balance (High Water Mark) throughout the trading history
- Hard Breach:
- Occurs if any of the above limits (by balance or equity) are violated
Minimum Trading Days
- Phase 1: Minimum of 5 trading days
- Simulated Funded Account: Minimum of 5 trading days
- Lot Size: A minimum of 0.01 lots may be used to meet the trading day requirement
- Definition of a Trading Day:
- A trading day is counted only when a new position is both opened and closed
- A new trading day begins at 21:59 GMT