Daily Loss Limit Breach
Exceeding the maximum allowable loss in a single trading day will lead to an automatic failure of your evaluation. This rule is in place to promote effective risk management and prevent significant losses.
Trailing Drawdown Breach
Each evaluation account has a trailing drawdown limit based on realized gains. If your account balance falls below this limit, your evaluation will be terminated. It's crucial to monitor your account balance and understand how the trailing drawdown adjusts with your trading activity.
Holding Trades During Restricted Hours
All trades must be closed by 4:15 PM EST daily.
You may reopen positions at 6:00 PM EST.
Holding a trade between 4:15 PM and 6:00 PM EST violates trading rules and will result in account failure.
Note: If you forget to close a trade, it will be automatically closed for you at 4:15 PM EST — this does not count as a violation unless the system fails due to platform issues.
By adhering to these rules, you maintain your eligibility to progress through the evaluation and move closer to becoming a funded trader. Always ensure you're familiar with all trading rules and guidelines before participating in the evaluation.