Overview:
The 3-Step Evaluation Model is designed to assess and refine your trading abilities through a structured process. It includes three evaluation phases: Apprentice Challenge, Intermediate Challenge, and Professional Challenge. Each phase has specific objectives and rules to guide you towards consistent trading success. Upon completing all three phases, you’ll move on to the Elite Funded Account, where you can trade with real capital and earn rewards.
Phase 1 (Apprentice Challenge) - Evaluation Stage:
- Description: The first phase tests your foundational trading skills and strategies. This phase focuses on proving your ability to meet performance standards under specific conditions.
- Objectives: Achieve profit targets, adhere to drawdown limits, and demonstrate consistency in your trading.
- Rules: Follow all set rules, including daily and overall drawdown limits, along with specific requirements for trading during market events, such as news releases.
- Description: In the second phase, the focus shifts to maintaining and improving your trading consistency and risk management.
- Objectives: Meet profit targets while demonstrating more refined risk management and consistency.
- Rules: Adhere to the same rules from Phase 1, with added emphasis on maintaining disciplined trading behaviour and improved consistency.
- Description: The final evaluation phase assesses your advanced trading skills and ensures you can consistently perform at a professional level.
- Objectives: Continue meeting profit targets, show exceptional risk management, and maintain consistent performance.
- Rules: Maintain strict adherence to all trading rules from the previous phases, demonstrating your ability to handle capital responsibly at a professional standard.
- Profit Targets: Achieve the defined profit targets for each phase to progress.
- Simulated Drawdown Limits: Stay within the simulated maximum daily and simulated total drawdown limits to avoid disqualification.
- Consistency: Demonstrate stable trading behaviour with at least 3 simulated profitable days of 0.5% gains while effectively managing risk in each phase.
- Upon successfully completing all three phases, you’ll advance to the Elite Funded Account.
- At this stage, you’ll manage simulated capital, with the opportunity to earn multiple pay-outs based on your trading success and risk management.
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