Drawdown Rules – 2 Step Lite Challenge
Maximum Drawdown:
The 2 Step Lite Challenge allows a maximum drawdown of 8%, representing the total permissible loss from the starting balance before the account is disqualified.
Daily Drawdown Limit:
A 4% daily drawdown limit is enforced. This is calculated based on the greater of the starting balance or the current equity at the beginning of each trading day. Breaching this threshold will result in failure of the challenge.
Profit Targets
Phase 1 – Evaluation Stage:
Traders must achieve a 6% profit target in Phase 1 to advance to the next stage.
Phase 2 – Verification Stage:
A 6% profit target is also required in Phase 2 in order to qualify for a funded account.
Consistency Requirements
Evaluation Phases (Phase 1 & 2):
A 50% consistency rule applies during both evaluation phases. This encourages steady and controlled performance rather than reliance on a few large trades to meet objectives.
Funded Account:
Once funded, a 40% consistency requirement is maintained. This ensures traders continue to follow disciplined risk management and maintain sustainable profitability.