- The 2-Step Challenge Evaluation Model is designed to assess and develop your trading skills through a structured process.
- This model consists of two evaluation phases (Apprentice and Intermediate), each with specific objectives and rules to guide your progress.
- Successful completion of both phases qualifies you for an Elite Funded Trading Account where traders can be rewarded for their trading success.
Phase 1 (Apprentice) - Evaluation Stage:
- Description: The first phase is focused on testing your trading skills and strategy under set conditions.
- Objectives: Meet the profit targets, adhere to drawdown limits, and achieve consistency in your trading performance.
- Rules: Follow the specific rules outlined for this phase, including daily and overall drawdown limits, trading during news events, and more.
- Description: The second phase further evaluates your trading performance, focusing on maintaining consistency and risk management.
- Objectives: Continue to meet profit targets and manage your trades within the specified drawdown limits.
- Rules: Adhere to all trading rules from Phase 1, with an added emphasis on demonstrating consistent trading behaviour and effective risk management.
- Profit Targets: Achieve the specified profit targets for each phase to progress.
- Drawdown Limits: Stay within the maximum daily and total drawdown limits to avoid disqualification.
- Consistency: Demonstrate consistent trading performance by achieving at least at least 3 profitable days of 0.5% and managing risk effectively.
- Upon successful completion of both Phase 1 and Phase 2, and provided there are no violations or disqualifications, you will be progressed to the Elite Account. This is the final step where you can manage an Elite Funded trading account and achieve multiple payouts.
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