The Standard Challenge consists of a two-phase evaluation where a trader has 35 calendar days from the day they receive their account (Calculated in GMT +2) to achieve a 10% profit target. During the trading period the Trader must not hit the maximum daily drawdown of -6% equity at any time based on the initial balance of their account. The Trader must also not hit the maximum total equity drawdown of -12% from the starting balance of the account. The Trader must trade a minimum of 5 trading days during the allowed 35 calendar days. After passing phase 1, the trader then has 60 calendar days to achieve a 5% profit target while abiding by the same daily and maximum drawdown rules above in addition to trading 5 additional minimum trading days.
Any violation of the rules above will result in the termination of your trading account and ineligibility to move forward in the program with that account. Traders are more than welcome to start over and will have eligibility to enter the program with new trading accounts.
Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, because the trades have not actually been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs, in general, are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown. CFTC Rule 4.41