For 1-step Nitro X accounts, there’s a consistency rule that applies to both the Challenge Phase and 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; you should not make more than 40% of the profit target in one day.
In the Simulated Funded Phase; you should not have made more than 30% of the total profit in one day.
If a single day’s profit is more than 40% of your profit target in the Challenge Phase or more than 30% 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 maximums.
When is the Consistency Rule Required?
For 1-step Nitro X accounts, it applies to both the Challenge Phase and 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 $5,000 in the Simulated Funded Phase,
To be eligible for withdrawal, there should not have been a single day with more than 30% of $5,000 (= $1,500).
If there is a single day with more than 30% of total profit, then you have to keep on trading until the best day profit is less than 30% of the total profit.
Example (1-step Nitro X Account – Challenge Phase)
For a $100,000 1-step Nitro X account with a Phase 1 profit target of $6000 (6%), no single day’s profit should exceed $2400 (40% of the target) to stay within the consistency rule.
If you achieve a $6000 total profit but make more than $2400 in a single day, you are required to continue trading until the best day profit is less than 40% of the total profit.
Success requires devising a strategy that prevents exceeding a $2400 daily profit.
By adhering to these guidelines, traders can foster a disciplined and sustainable trading approach, crucial for long-term success.