For 2-Step Plus accounts, there’s no consistency rule in the Evaluation Phase. The consistency rule applies only to the 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 2-Step Plus Accounts
In the Evaluation Phase; there is no consistency rule requirement.
In the Funded Phase; you should not have made more than 45% of the total profit in one day.
If a single day’s profit is more than 45% of your total profit in the 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 2-Step Plus accounts, it applies only in the 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 (2-Step Plus Account – Funded Phase)
If you made a total profit of $10,000 in the Funded Phase,
To be eligible for withdrawal, there should not have been a single day with more than 45% of $10,000 (= $4,500).
If there is a single day with more than 45% of total profit, then you have to keep on trading until the best day profit is less than 45% of the total profit.