Every rule, per phase
A challenge is a row of phases a trader walks in order, from one to ten, and the last one funded. Each phase carries its own targets and limits, so an evaluation can be strict and the funded account looser, or the other way round.
- Profit target, daily loss and total loss, with static, trailing or balance based drawdown
- A minimum of trading days and a maximum of calendar days
- Caps on lots, open positions and risk per trade, and whether weekend holding, news trading and hedging are allowed
- For the funded phase: the profit split, the first payout, the time between payouts, and a minimum and maximum payout