To maximize your success and maintain compliance throughout your trading journey, please carefully follow the important guidelines and limitations below for the Black Account:

1. Daily Drawdown
   You are allowed a maximum daily loss of 5% of your account balance.
   This means your losses on any given day must not exceed this percentage.
   The daily drawdown limit is calculated based on your account balance at the end of the previous day (broker time at midnight).

2. Maximum Drawdown
   The maximum overall loss allowed is 10% of your initial account balance.
   Your account balance/equity must not fall below 90% of the initial amount at any time during the trading period.

3. Profit Target

   • Phase 1: Profit target is 10%.

   • Phase 2: Profit target is 5%.

4. Minimum Trading Days
   You must place at least 4 separate and distinct trades during the challenge.
   These trades can be placed on non-consecutive days, giving you flexibility.
   There’s no upper limit to the number of trades—you may trade as much as you like.

5. Floating Loss Rule
   A 2% floating loss rule applies to all balances during both the challenge phase and the funded account phase.

6. Trade Time Restriction
   A minimum trade duration of 30 seconds applies to opening and closing positions on both challenge and funded Black accounts.