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 – $150,000 |
Profit Target | $9,000 |
Maximum Loss Limit (EOD) | $4,500 |
Daily Loss Limit | None |
Max Contracts | 15 minis / 150 micros |
Consistency | 50% (Evaluation Only) |
Minimum Trading Days | 2 Days |
T1 News Trading | Yes |
10FOUR’s Daily Plan evaluation process offers traders a clear and structured path toward simulated funding and eventual live trading opportunities.
1. Sim Funded Account Parameters
Account Basics
Initial Balance: $0
Max Loss Distance: $4,500 from your equity high-water mark (HWM)
Drawdown Type: Intraday trailing
Consistency Rule: None in Sim Funded
Max Contracts: 15 minis / 150 micros
How the Max Loss Works
Your Max Loss limit trails your account equity high-water mark during the trading day.
The distance between your High-Water Mark (HWM) and the Max Loss Limit remains $4,500 while trailing.
As your account generates profits, both the HWM and Max Loss limit increase accordingly.
For additional details, see Intraday Drawdown Explained.
Max Loss Lock at $100
Once the trailing Max Loss reaches $100, the drawdown locks in place.
The drawdown no longer trails upward 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:
15 minis OR 150 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: $4,600
Before requesting a payout, traders must first accumulate $4,600 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.
The 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:
Managing the intraday trailing Max Loss, which eventually locks at $100.
Building the $4,600 payout buffer to begin receiving daily payouts under the 90/10 profit split.