In our Evaluation model you can receive faster funding time, only 5 minimum trading days required!
The minimum requirement to pass our express phase is 5 trading days (Does not need to be consecutive).
If you have reached the profit target early, you are allowed to open a micro lot trade of 0.01 and close it immediately after to fill the remaining days.
In Our Evaluation our daily loss limit specifies that you are not permitted to lose 5% of your initial account balance on any given day.
So here is how the calculation works:
Your daily loss limit = the sum of your open and close positions for the day.
This implies that on that specific day, this number should not exceed 5% of your initial account balance.
For example, if you have a $100,000 account, the maximum daily loss limit is $5,000, and you are not allowed to lose more than $5,000 on any given day. Suppose you have lost a total of $2000 in your closed trades. In such a case, you cannot lose more than $3000, including floating losses.
For our Evaluation model, there are two phases
That being said,
During the trading period, the trader must not hit the maximum daily drawdown of 5% equity at any time based on the starting days balance & equity of their account (whichever is higher). The trader must also not hit the maximum relative drawdown of 10% from the starting balance of the account.
Daily drawdown is 5% of the starting equity or balance of the day every 5:00pm EST.
Daily drawdown is not fixed 5% of initial starting balance.
If your starting equity is $103,000 but your starting balance is $100,000 then the daily drawdown will be based on your starting equity because it is higher. 5% x $103,000 = $5,150. Your account balance/equity cannot go below $103,000 – $5,150 = $97,850 for the day.
If your starting equity is $95,000 but your starting balance is $97,000 then the daily drawdown will be based on your starting balance because it is higher. 5% x $97,000 = $4,850. Your account balance/equity cannot go below $97,000 – $4,850 = $92,150 for the day.
Balance & Equity
1:30 Maximum Leverage
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