1-Step Evaluation Overview

The 1-Step consists of a one-phased evaluation process where a trader has unlimited calendar days to achieve a 10% Simulated Profit Target. During the trading period, simulated max daily loss is 4% and maximum overall loss is 7%.

We calculate 1-step daily drawdown as follows:

Upon the 5pm EST day change, we will take the higher figure of either the virtual account balance or account equity and subtract a fixed 4% of the higher value as the simulated daily loss limit for the new day.

We calculate 1-step max drawdown as follows:

Upon reaching your highest recorded virtual account balance or equity at any time, a maximum loss limit of 7% will be applied to that value. For instance, if your $10,000 virtual account balance or equity increases to $10,100, your maximum loss limit will be calculated as 7% of $10,100, or $707, meaning the maximum loss would occur at a virtual balance or equity of $9,393.

The trailing max drawdown will lock once it reaches your starting balance. Please keep this in mind when recording profits on your account.

Upon requesting a withdrawal, the maximum drawdown threshold for 1-step accounts will be adjusted by the same amount of the withdrawal request.

For example, a 1-step $10,000 simulated funded account has a highest recorded balance/equity of $11,000, meaning their maximum drawdown threshold is at $10,000. Upon requesting a withdrawal of $600 profits, their maximum drawdown threshold will remain at $10,000 upon the approval and issuance of their withdrawal request. Traders must be cautious during the withdrawal process for 1-step accounts to ensure they do not cause unfavorable drawdown situations upon requesting a reward.

In another example, a 1-step $10,000 simulated funded account has a highest recorded balance/equity of $10,500, meaning their maximum drawdown threshold is at $9,765. Upon requesting a withdrawal of $500 of profits, their maximum drawdown threshold will adjust to $9,300.

Evaluation Time Limit: The Tycoon Funded 1-step simulated evaluation consists of a one-phased evaluation process where a trader has unlimited simulated trading days to complete the phase of the evaluation.

Minimum Trading Days: On our 1-Step Evaluation, we have a minimum trading period of 4 days on all phases, during which you must achieve at least 0.5% profit. These days do not have to be consecutive, any day with at least 0.5% profit counts towards the 4-day trading period.

In the funded phase, a minimum of 4 trading days is also required for payout eligibility, but each of those days must have at least 1% profit to be counted.

Free Retries: As the 1-Step Tycoon Funded evaluation has no time limits, there will be no free retries for demo accounts as there is no longer a limit to your simulated trading period.

Profit Target: Phase 1 has a simulated profit target of 10%

Any violation of the rules above will result in the termination of your demo trading account and you will not be eligible to move forward in the program with that account. Traders are more than welcome to start over by joining the program with a new challenge account.