For 1-step Nitro X accounts, there’s a consistency rule that applies Simulated Funded Phase
Why this Rule?
Funded Trader Markets’ Consistency Rule promotes steady profit growth and helps traders avoid emotional trading.
Important Details About the Consistency Rule For 1-step Nitro X Accounts
In the Challenge Phase; there is no consistency rule requirement.
In the Simulated Funded Phase; you should not have made more than 25% of the total profit in one day.
If a single day’s profit is more than 25% of your total profit in the Simulated Funded Phase, you have to continue trading until there isn’t a day with more than the above said maximum.
When is the Consistency Rule Required?
For 1-step Nitro X accounts, it applies to only the Simulated Funded Phase
Calculation
[Best Day % of Total Profit] = [Best Day Profit] ÷ [Overall Profit] * 100
Best Day Profit means the highest single day profit
Single Day’s Profit = Balance at 5pm EST Today – Balance at 5pm EST Yesterday
Example (1-step Nitro X Account – Simulated Funded Phase)
If you made a total profit of $4,000 in the Simulated Funded Phase,
To be eligible for withdrawal, there should not have been a single day with more than 25% of $4,000 (= $1,000).
If there is a single day with more than 25% of total profit, then you have to keep on trading until the best day profit is less than 25% of the total profit.