2-Step "PRO" Challenge | Top One Trader
Phase 1:
Profit Target: Achieve an 8% profit from your starting balance.
Max Daily Loss: 5% (hard breach) – [More info here].
Max Total Loss: 10% (hard breach) – [More info here].
Maximum Trading Days: Unlimited (no time limit).
Minimum Profitable Trading Days: At least 3 profitable trading days.[More info here]
Max Drawdown: Static (not trailing).
Expert Advisors (EAs): Allowed, but must be your own EA. You cannot use the same EA as other traders placing identical trades.
Stop-Loss Requirement: Must place a stop-loss on every trade unless an add-on is purchased (soft breach).
Inactivity: Must place at least one trade every 30 days (hard breach).
Prohibited Strategies: Ensure you do not violate any of the prohibited trading strategies.
Phase 2:
Profit Target: Achieve a 5% profit from your starting balance.
Max Daily Loss: 5% (hard breach)
Max Total Loss: 10% (hard breach)
Maximum Trading Days: Unlimited (no time limit).
Minimum Profitable Trading Days: At least 3 profitable trading days.
Max Drawdown: Static (not trailing).
Expert Advisors (EAs): Allowed, but must be your own EA. You cannot use the same EA as other traders placing identical trades.
Stop-Loss Requirement: Must place a stop-loss on every trade unless an add-on is purchased (soft breach).
Inactivity: Must place at least one trade every 30 days (hard breach).
Prohibited Strategies: Ensure you do not violate any of the prohibited trading strategies.
Specifications:
Assets Available: No stocks available.
Leverage:
FX: 50:1
Metals: 10:1
Oils & Indices: 10:1
Cryptocurrencies: 2:1
EquityShield Protection:
If your daily loss exceeds 2% on open trades for any one symbol or 2.5% across all symbols, EquityShield will automatically close your trades in most cases to protect your account.
Defining a Profitable Day:
A profitable day is when your closed positions for the day result in a net profit of at least 0.5% of your initial balance.
Example: For a $10,000 account, a profitable day would be a $50 gain.
Daily Loss Limit Calculation:
At 5 p.m. EST each day, we take the higher figure of your account balance or equity, subtracting 5% of your initial balance to determine the daily loss limit for the next day.
Trading Platforms Available:
Match Trader
Trade Locker
cTrader
Special Note for cTrader Users:
cTrader strictly prohibits U.S. traders. Any trader logging into the cTrader platform from a U.S. IP address will have their account immediately hard breached.
For more information on Prohibited Trading Strategies, please view our article [here].