Succeed in the challenge by following the below requirements:
10% PROFIT in 30 days
MINIMUM 10 DAYS of trading
MAXIMUM Daily Loss (Drawdown) (Equity) of 5%:
- for the $25K account - $1250
- for the $50K account - $2500
- for the $100K account - $5000
- for the $200K account - $10000
MAXIMUM Overall Loss of 12%:
- for the $25K account - $3000
- for the $50K account - $6000
- for the $100K account - $12000
- for the $200K account - $10000
DAILY LOSS (DRAWDOWN) CALCULATION:
(Equity at the current time - The end of previous day equity) / The end of previous day equity) X 100
This formula will result in a percentage which would be your daily loss (drawdown).
CONSISTENCY RULE: Your best trading day should not be more than 30% of your overall profit target.
This requirement helps us analyze your trading skills. It demonstrates you are a trader capable of generating consistent profits while managing risk efficiently, and not relying on pure luck.
In order to keep up with the consistency rule, you would simply need to track the HIGHEST PROFIT DAY parameter.
Failure to comply with these requirements will cause you to fail the challenge. However, you may go ahead and try again by purchasing a new account.
After the evaluation, it will be determined whether your applied strategy is adequate for EmpowerFX. You will be notified via email if you are granted a funded account or not.
