Rules Definitions
Trailing Drawdown
1. The Trailing Drawdown will increase a defined distance as your account balance increases.
2. The Trailing Drawdown is calculated in Real-Time during your trading day.
3. If your balance decreases, then your Trailing Drawdown does not change.
You may monitor your Trailing Drawdown in Rithmic RTrader Pro under Auto Liquidate Threshold Value.
Once your Trailing Drawdown reaches your initial starting balance, it will not change for the rest of your evaluation. Should your account balance touch or fall below this value, then your Evaluation Account will not be eligible for funding. The Trailing Drawdown is calculated in real-time during your trading session and it includes simulated commissions and fees.
Example:
Max Position Size
The Max Position Size is the maximum number of allowable open positions at any given time.
Example: If you have a Max Position Size of 5, you may be long 3 CL (Crude Oil) and Short 2 ES (E-Mini S&P).
Profit Target
The profit target is the minimum amount of net profit that is needed to be considered for a funded account.
Trading Days
You must continue to trade for a minimum of 10 trading days to be eligible for placement with our funding partners; holidays and weekends are not included.
These 10 days are not the maximum limit; you can continue trading until you reach that profit target, even if it takes five (5) months.
As a reminder, the subscription billing recurs every 30 days.
Consistency
In order to allow a true chance for success and be placed with a funding partner and, more importantly, to secure the longevity of your trading account, traders must demonstrate the ability to execute trades consistently. The funding partners basically do not want traders trading in an erratic and inconsistent manner. The funding partners do not want to fund traders who made $10,000 in profits in 2 minutes trading a news event and then scalp the remainder of the evaluation.
Traders must have three (3) other best trading days' net profits total summed up to equal 80% or more of the largest day's net profit.
Consistency example:
BEST TRADING DAY: $1,000 (net after commissions).
80% of the Largest trading day = $800 (The total sum of three (3) other best trading days' must be equal to or greater than the best day).
SUM / TOTAL OF 3 OTHER BEST TRADING DAYS
Trading Day 4 - 2nd Best Trading Day: $400 (net after commissions).
Trading Day 9 - 3rd Best Trading Day: $300 (net after commissions).
Trading Day 15 - 4th Best Trading Day: $240 (net after commissions).
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$400 + $300 + $240 = $940 (Over $800).
The consistency can also be completed within two (2) days.
For example:
Largest trading day = $1,000
2nd largest day = $800
