As a prop trading firm, we trade our (proprietary) capital to generate profit. However, not every trade can be profitable, and not every trader can be profitable. Just like how traders should use a stop loss on each trade, we put a stop loss on every trader, which is the basis of our funded trader program rules.
We have two strict risk management rules that, when violated, result in the disqualification of traders participating in an assessment or the funded trader program – we call these limits. We also have other conditions which result in positions being automatically closed, but they do not result in disqualification.
Before proceeding to sign up and complete an assessment, please take the time to carefully review our guidelines regarding prohibited trading practices by visiting the following link.
https://dashboardanalytix.com/client-terms-and-policies/?v=34f435c6b599
🎯 Target: Reach 10% profit (One stage)
To pass the assessment and qualify for funding you must achieve a 10% profit. For example, if you start with $100,000, you need to increase your equity to $110,000 by generating a $10,000 profit.
There are no restrictions on how quick or long you take to pass. The only requirement is to avoid becoming inactive, which we define as not opening, closing or modifying a trade in 30 consecutive days.
⚠️ When your equity has increased by 10%, our risk monitoring system will automatically liquidate your positions, and you’ll have passed the assessment and qualify for a funded account.
🛑 Limit: 4% Max Daily Loss (One stage)
Your equity can’t fall below 4% of your previous end-of-day balance.
The max daily loss limit determines the maximum amount your account can lose on any given day. Your max daily loss limit is based on the value of your account balance at the end of the previous day, which is 1700 EST. Therefore, the max daily loss limit is adjusted daily at 1700 EST.
Example: If your end-of-day balance on Monday was $102,000, your account equity cannot fall below $97,900 on Tuesday. Now, suppose your end-of-day balance on Tuesday was $99,000; your account equity cannot fall below $95,050 on Wednesday.
⚠️ If your account equity falls 4% below your previous EOD balance, your positions will be liquidated, and you will be disqualified.
🛑 Limit: 6% Max Loss (One stage)
Your equity can’t fall below 6% of the starting balance.
The maximum drawdown limit sets a fixed loss threshold of 6% from your account’s starting balance. This limit does not adjust upward; if your account balance decreases, the drawdown will still be based on the initial amount. It’s important to manage your trades effectively to avoid exceeding this 6% loss.
Example: If your initial balance is $100,000, your maximum loss limit is set at $6,000. This limit remains fixed and does not trail any high watermark. If you close your first trade with a $500 profit, your account balance will increase to $100,500. However, your maximum allowable loss remains $6,000, meaning your account equity cannot fall below $94,000.
⚠️ If your account equity falls 6% of the staring balance your positions will be liquidated, and you will be disqualified.
🎯 Target: Phase one – 8% profit, Phase two – 4% profit (Two stage)
Make 8% profit in Phase 1 and 4% profit in Phase 2 to qualify for funding or scaling.
To pass the assessment and qualify for funding, you must achieve an 8% profit in Phase 1 and a 2% profit in Phase 2. For example, if you start with $100,000, you need to increase your equity to $108,000 in Phase 1 and then to $104,000 in Phase 2 from 100,000 by generating a total of 12% combined.
There are no restrictions on the time frame for completing each phase. The only requirement is to remain active; inactivity is defined as not opening, closing, or modifying a trade for 30 consecutive days.
⚠️ When your equity has increased by 8% & 4% on the respective phases, our risk monitoring system will automatically liquidate your positions, and you’ll have passed the assessment or qualify for funded account if you have successfully passed Phase Two.
🛑 Limit: 3% Max Daily Loss (Two stage)
Your equity can’t fall below 3% of your previous end-of-day balance.
The max daily loss limit determines the maximum amount your account can lose on any given day. Your max daily loss limit is based on the value of your account balance at the end of the previous day, which is 1700 EST. Therefore, the max daily loss limit is adjusted daily at 1700 EST.
Example: If your end-of-day balance on Monday was $102,000, your account equity cannot fall below $98,900 on Tuesday. Now, suppose your end-of-day balance on Tuesday was $99,000; your account equity cannot fall below $96,050 on Wednesday.
⚠️ If your account equity falls 3% below your previous EOD balance, your positions will be liquidated, and you will be disqualified.
🛑 Limit: 6% Max Loss (Two stage)
Your equity can’t fall below 6% of the starting balance.
The maximum drawdown limit sets a fixed loss threshold of 6% from your account’s starting balance. This limit does not adjust upward; if your account balance decreases, the drawdown will still be based on the initial amount. It’s important to manage your trades effectively to avoid exceeding this 6% loss.
Example: If your initial balance is $100,000, your maximum loss limit is set at $6,000. This limit remains fixed and does not trail any high watermark. If you close your first trade with a $500 profit, your account balance will increase to $100,500. However, your maximum allowable loss remains $6,000, meaning your account equity cannot fall below $94,000.
⚠️ If your account equity falls 6% of the staring balance your positions will be liquidated, and you will be disqualified.
🎯 Target: Reach 10% profit (One stage – Pro)
Make 10% profit and qualify for funding or scaling.
To pass the assessment and qualify for funding, you must achieve a 10% profit. For example, if you start with $100,000, you need to increase your equity to $110,000 by generating a $10,000 profit.
There are no restrictions on how quick or long you take to pass. The only requirement is to avoid becoming inactive, which we define as not opening, closing or modifying a trade in 30 consecutive days.
⚠️ When your equity has increased by 10%, our risk monitoring system will automatically liquidate your positions, and you’ll have passed the assessment and qualify for a funded account.
🛑 Limit: 5% Max Daily Loss (One stage – Pro)
Your equity can’t fall below 5% of your previous end-of-day balance.
The max daily loss limit determines the maximum amount your account can lose on any given day. Your max daily loss limit is based on the value of your account balance at the end of the previous day, which is 1700 EST. Therefore, the max daily loss limit is adjusted daily at 1700 EST.
Example: If your end-of-day balance on Monday was $102,000, your account equity cannot fall below $96,900 on Tuesday. Now, suppose your end-of-day balance on Tuesday was $99,000; your account equity cannot fall below $94,050 on Wednesday.
⚠️ If your account equity falls 5% below your previous EOD balance, your positions will be liquidated, and you will be disqualified.
🛑 Limit: 10% Max Trailing Loss (One stage – Pro)
Your equity can’t fall below 10% of the starting balance from the high watermark.
The max trailing loss limit determines the maximum amount your account can lose at any point. The max trailing loss limit trails the high watermark of your account, which is increased whenever your balance increases. As the name suggests, the high watermark does not decrease with losses; it only increases when your account balance reaches a new all-time high.
Example: If your initial balance is $100,000, you max loss limit is $10,000, which trails your high watermark. If you close your first trade with a $500 profit, your high watermark becomes $100,500. Therefore, you cannot lose more than 10% of $100,000; your account equity cannot fall below $90,500.
⚠️ If your account equity falls 10% of the staring balance below your high watermark, your positions will be liquidated, and you will be disqualified.
🚧 Condition: No Weekend Positions
*Your account must be flat before 20:45 GMT each Friday.
By default, you are required to close all your positions before the weekend. However, we understand this can be counterproductive to position trading strategies, which hold trades for several days. Therefore, this condition can be disabled by purchasing a voluntary add-on when building your assessment. It costs an additional 10% to disable the requirement to close all positions before the weekend.
Example: If you open a position on Monday, you can hold that position until Friday. You can manually close your position any time on Friday, provided it’s before the 1545 EST cut-off time. At 1545 EST, all positions will be liquidated.
⚠️ Any open positions at 15:45 GMT on Friday shall be closed automatically at the current market price.
🚧 Condition: Inactivity
We have inactivity rules to ensure the funds we allocate to our remote traders are put to good use. If you do not trade for 30 consecutive days, you will fail the assessment, or your funding will be revoked.
