3-Step Evaluation Overview
Unlimited simulated trading days
Up to $400K in Simulated Capital
5% Simulated Drawdown
Fees Refundable
The 3-Step consists of a three-phased evaluation process where a trader must achieve a 5% Simulated Profit Target in each phase to advance to the next stage. Traders have unlimited calendar days to meet the profit target for each phase. During all phases, the simulated max daily loss is 3%, and the maximum overall loss is 5%. Losses recorded in one phase do not carry over into subsequent phases.
We calculate the daily drawdown as follows:
Upon the 5pm EST day change, we take the higher figure of either the virtual account balance or account equity and subtract a fixed 3% of the higher value as the simulated daily loss limit for the new day.
The maximum drawdown is set based on the initial balance of the account. For 3-step virtual accounts, the maximum loss is 5% in each phase. For example, a $10,000 virtual account has a maximum loss of 5% of $10,000, or $500, meaning the maximum loss would occur at a virtual balance or equity of $9,500.
Rules for the 3-Step Simulated Evaluation
Evaluation Time Limit: The Tycoon Funded 3-step simulated evaluation consists of a three-phased evaluation process where a trader has unlimited simulated trading days to complete all 3 phases of the evaluation.
Minimum Trading Days: On our 3-Step Evaluation, we have a minimum trading period of 3 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 3-day trading period.
In the funded phase, a minimum of 3 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 3-Step Tycoon Funded evaluation has no time limits, there will be no free retries for Phase 1, Phase 2, or Phase 3 demo accounts as there is no longer a limit to your simulated trading period.
Profit Target:
Phase 1 has a simulated profit target of 5%
Phase 2 has a simulated profit target of 5%
Phase 3 has a simulated profit target of 5%
Violations
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 demo trading account.