In this article, you will find a list of requirements you would need to meet in order to pass the Challenge. Each Step has its own list.

 

Step 1:

• The duration: Indefinite 
• The number of minimum trading days: 8
• Profit over 30 days: 10%
• Maximum daily loss (Equity)*: 6%
• Maximum overall loss: 11% 
• No Consistency Rule

 

Step 2:

 

• The duration: Indefinite
• The number of minimum trading days: 8
• Profit over 60 days: 5%
• Maximum daily loss (Equity)*: 6%
• Maximum overall loss: 11%
• No Consistency Rule

The Registration Fee will be refunded after successfully passing two steps.

Kindly note that the maximum daily loss (Equity) resets at midnight server time* and be calculated with the following formula:

 

((Current Equity – End of Previous day Equity) / End of Previous day Equity) x 100

*Server time varies between GMT+2 and GTM+3 depending on the changes in daylight saving time. You can locate the server time on the top left corner on your trading platform account.

 

 

Example 1:

 

If your current equity is $15000 and the equity by the end of the previous trading day was $19000, it would indicate a daily drawdown/loss of -21%.

 

(($15000-$19000) / $19000 x 100 = – 21%

 

Example 2:

 

On the other hand, if your current equity is $15000 and the equity by the end of the previous trading day was $13000, it would reflect a daily profit of 15%.

 

(($15000-$13000) / $13000 x 100 =  15%

 

You are able to keep track of your progress by going into the Challenge Accounts tab and choosing the account in question*.

*Please note, that you are able to purchase and run as many Challenges as you wish simultaneously.

You will find your trading performance evaluation throughout the Challenge in the Performace section.

Profit Factor (Amount of profit per unit of risk).

 

Profit Factor = (Sum of profit from all winning trades) / (Sum of loss from all

losing trades)

 

Lots (Total lots traded throughout the challenge. Chart shows daily volume).

 

Average Loss (Average loss across all losing trades).

 

Average Win (Average win across all winning trades).

 

Win Rate (Ratio of winning trades to losing trades).

 

Average Trade Duration (Average amount of time spent in each trade).

Should you wish to sign up for the Challenge, simply click/tap this link for the guide on how to do that.