Profit Targets
- Phase 1: 8% profit target
- Phase 2: 5% profit target
- Simulated Funded Account: No profit target
Drawdown Limits
- Daily Drawdown:
- Limit: 4% of the initial balance
- Calculated at 21:59 GMT
- Resets daily at 21:59 GMT
- Max Drawdown:
- Limit: 10% of the initial balance
- Hard Breach:
- Occurs if any of the above limits (by balance or equity) are violated
Minimum Trading Days
- Phase 1: Minimum of 3 trading days
- Phase 2: Minimum of 3 trading days
- Simulated Funded Account: Minimum of 3 trading days
- Lot Size: A minimum of 0.01 lots may be used to satisfy 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