- You are allowed a maximum daily loss of 5% of your account balance. This means that your losses should not exceed this percentage on any given day. The daily drawdown is calculated based on the account balance at the end of the previous day (broker's midnight time).
- The maximum allowable drawdown is 10% of your initial account balance. At no point during your trading journey should your balance or equity fall below 90% of the initial amount.
- Stage 1: Achieve a profit target of 10%.
- Stage 2: A profit target of 5% is set.
- You must execute at least 4 separate and distinct trades during the challenge. These trades can be on non-consecutive days, giving you more flexibility. There is no upper limit to the number of trades you can make.
- During the challenge and in the funded account, the Floating Loss Rule of 2% applies only to accounts with balances of $50,000 and $25,000.
- A minimum time of 30 seconds is required for opening and closing trades on both the challenges and funded Flash accounts.