This article explains how the Daily Plan Evaluation and Sim Funded account works — with the Live stage covered separately in the Live transition documentation.
Daily Plan Evaluation Stage Account Parameters
Parameters | Daily – $50,000 |
Profit Target | $3,000 |
Maximum Loss Limit (EOD) | $2,000 |
Daily Loss Limit | None |
Max Contracts | 5 minis / 50 micros |
Consistency | 50% (Evaluation Only) |
Minimum Trading Days | 2 Days |
T1 News Trading | Yes |
At 10FOUR, we aim to provide traders with a streamlined evaluation process designed to mirror real trading conditions while maintaining clear risk parameters.
1. Sim Funded Account Parameters
Account Basics
Initial Balance: $0
Max Loss Distance: $2,000 from your equity high-water mark (HWM)
Drawdown Type: Intraday trailing
Consistency Rule: None in Sim Funded
Max Contracts: 5 minis / 50 micros
How the Max Loss Works
Your Max Loss limit trails your account equity high-water mark throughout the trading day.
The distance between your High-Water Mark (HWM) and your Max Loss Limit is always $2,000 while it is trailing.
As profits increase, both the HWM and Max Loss limit move upward.
You can read more about how this works in Intraday Drawdown Explained.
Max Loss Lock at $100
Once your trailing Max Loss reaches $100, it locks in place.
The drawdown no longer trails after this point.
Your account must always maintain at least $100.
If your balance falls below $100, the account is considered breached.
News Trading
No Tier-1 (T1) news trading is allowed on the Sim Funded account.
Contract Limits
Traders may trade up to:
5 minis OR 50 micros total
Exceeding this contract limit may result in a breach of the trading account.
2. Payouts on Sim Funded (Daily)
Payout Requirements
Required Buffer: $2,100
Before requesting a payout, you must first accumulate $2,100 in realized profits within the account.
Consistency Requirement
There is no consistency rule required to request a payout during the Sim Funded
stage.
What Are the Maximum Payout Requests in the Sim Funded Stage?
The maximum amount you can withdraw in a single payout is based on your account size:
$25,000 Account – Max $1,500 per withdrawal
$50,000 Account – Max $2,500 per withdrawal
$100,000 Account – Max $3,000 per withdrawal
$150,000 Account – Max $3,500 per withdrawal
Timing & Frequency
Payout Frequency: Daily
The payout window refreshes at market close.
Your first payout becomes available 24 hours after your first trade, provided the buffer requirement has been met.
Amounts & Profit Split
Minimum payout request: $500
Profit Split
90% to the trader
10% to 10FOUR
Summary
The Daily Sim Funded stage focuses on two key objectives:
Respecting the intraday trailing Max Loss, which eventually locks at $100.
Building the $2,100 payout buffer to begin receiving fast daily payouts under the 90/10 profit split.