PAYDAY Account Profitable Trade Requirement
The PAYDAY Account does not have a traditional profit target.
Instead, traders must complete a required number of qualifying profitable trades within the 8 hour trading window.
The number of required profitable trades depends on the multiplier selected at purchase.
Required Profitable Trades Per Multiplier
Multiplier | Required Profitable Trades | Required Profitable Trades |
2x | 3 profitable trades | 3 profitable trades |
5x | 4 profitable trades | 4 profitable trades |
10x | 5 profitable trades | 6 profitable trades |
Each qualifying profitable trade must meet the minimum profitable trade requirement.
What Counts as a Profitable Trade?
To count toward the PAYDAY Account objective, a trade must close with at least 1% NET profit.
This means the trade must generate a profit equal to at least 1% of the PAYDAY Account size.
Since every PAYDAY Account has a $100,000 account size, each qualifying profitable trade must close with at least:
$1,000 profit
A trade that closes in profit but does not reach the minimum 1% requirement will not count toward the objective.
Examples
Closed Trade Profit | Does It Count? | Reason |
$250 | No | Below the 1% requirement |
$750 | No | Below the 1% requirement |
$999 | No | Below the 1% requirement |
$1,000 | Yes | Meets the 1% requirement |
$1,250 | Yes | Above the 1% requirement |
$2,000 | Yes | Above the 1% requirement |
Example 1: 2x PAYDAY Account
A trader selects the 2x multiplier.
The trader must complete 3 different qualifying profitable trades.
Each trade must close with at least $1,000 profit.
Example:
Trade | Closed Profit | Counts Toward Objective? |
Trade 1 | $1,050 | Yes |
Trade 2 | $1,200 | Yes |
Trade 3 | $1,000 | Yes |
In this example, the trader has completed the required 3 qualifying profitable trades for the 2x PAYDAY Account.
Example 2: 5x PAYDAY Account
A trader selects the 5x multiplier.
The trader must complete 4 qualifying profitable trades.
Example:
Trade | Closed Profit | Counts Toward Objective? |
Trade 1 | $1,300 | Yes |
Trade 2 | $900 | No |
Trade 3 | $1,100 | Yes |
Trade 4 | $1,000 | Yes |
Trade 5 | $1,250 | Yes |
In this example, the trader placed 5 trades, but only 4 of them counted toward the PAYDAY objective.
The $900 profitable trade did not count because it was below the 1% minimum profitable trade requirement.
Example 3: 10x PAYDAY Account
A trader selects the 10x multiplier.
The trader must complete 5 qualifying profitable trades.
Example:
Trade | Closed Profit | Counts Toward Objective? |
Trade 1 | $1,500 | Yes |
Trade 2 | $1,100 | Yes |
Trade 3 | $1,250 | Yes |
Trade 4 | $1,000 | Yes |
Trade 5 | $1,400 | Yes |
Trade 6 | $1,300 | Yes |
In this example, all 6 trades meet or exceed the 1% requirement, so the trader has completed the profitable trade objective for the 10x PAYDAY Account.
Partial Closes Do Not Count as Separate Trades
Partial closes do not count as individual profitable trades.
A single trade is based on one opened position that is later fully closed.
If a trader opens one position and closes it in multiple parts, this will still be treated as one trade.
Example of a Partial Close
A trader opens one trade.
The trader closes part of the position at $600 profit and closes the remaining part at $500 profit.
The total profit from the full trade is $1,100.
This may count as one qualifying profitable trade, because the full trade reached at least $1,000 in profit.
However, it does not count as two separate profitable trades.
Only One Trade at a Time
PAYDAY Accounts only allow one trade at a time.
A trader may not open multiple trades at the same time to try to complete the objective faster.
A new trade may only be opened once the previous trade has been fully closed.
Losing Trades and Smaller Winning Trades
Losing trades do not count toward the profitable trade objective.
Winning trades below the 1% requirement also do not count.
However, traders must still remain above the trailing max loss limit at all times.
Even if a trade does not count toward the profitable trade objective, it can still affect the account balance and trailing drawdown.
Important Notes
Each qualifying profitable trade must close with at least 1% profit.
Since the PAYDAY Account size is $100,000, 1% equals $1,000.
The 2x PAYDAY Account requires 3 qualifying profitable trades.
The 5x PAYDAY Account requires 4 qualifying profitable trades.
The 10x PAYDAY Account requires 6 qualifying profitable trades.
Partial closes do not count as separate trades.
Only one trade may be open at a time.
The objective must be completed within the 8 hour trading window.
The account must not breach the trailing max loss limit.
Trades below the 1% requirement do not count toward the objective.