What are the objectives and rules of the trading Evaluation Challenge?

To achieve funding pass the evaluation by achieving the objectives, without breaking a rule.

Show us you have a consistent, and winning trading strategy by achieving the following objectives:

• Objective 1: Trade for a minimum of 7 trading days. If you reach the profit target early keep trading, we want to see a 7 day track record. 
• Objective 2: Reach the profit target in the trading account. This is your total net profits over the course of the challenge.  
• Objective 3: Be consistent in your profitability. No day greater than 30% of your total profits.

Show us you have Risk Management skills by following these rules:

• Rule 1: Do not hit or exceed the maximum trailing drawdown. This is the maximum amount you can lose before the evaluation is over. 

Show us you have discipline by following these rules:

• Rule 2: Only trade the permitted times 
• Rule 3: Only trade the products permitted by TradeDay.

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The objectives and rules are transparent and the same for everyone.

You will pass the evaluation when you have achieved the 3 objectives without breaking any of the rules.If you break a rule during the evaluation you will fail and no longer be eligible for funding. However, you can take the evaluation again by either:

• Purchase a retake, known as a 'reset', the cost of a reset is $99.
• Or, waiting for your next subscription payment to go through, and we will reset you for free at that time. Click here for our policy on free resets.