What is the trade for a minimum of 7 days objective?

Modified on Sun, 21 Apr 2024 at 03:22 AM

There is no upper time limit, but we need to see at least 7 days worth of trading data in order to complete this objective.
Every day you make a trade will count towards this objective.
Traders finishing the profit target and the consistency objectives before completing 7 days are required to continue to trade in the style they have been - NO sitting in a funding zone scratching 1 lot micros.

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A note on completing the challenge early.

If you complete the profit target and consistent days objectives before the end of the 7-day period, please continue to trade the way you have been trading, so we can get an understanding of your performance over the entire 7-day period.

If you finish the challenge before the 7 days and 'sit in the funding zone' scalping 1 lot micros waiting to pass, we may extend the evaluation period beyond 7 days.

We would like to see 7 days of trading data, not 4 or 5. As such we require all 7 days of trading to be similar to each other.

Material changes in the number of trades taken, changes in the contracts traded, or changes in the times of day the majority of trading has taken place will all raise red flags. We will review the trading and if we believe these were an attempt to reduce the risk in order to see out the evaluation, we will extend it.

We are looking to fund traders who are confident in their ability to make consistent returns, not traders who can take advantage of a system.

Why do we have this objective?

TradeDay is evaluating your skills as a trader, we want to back traders that can demonstrate consistent and profitable trading over a period of time.

If you managed to achieve the profit target in less than a week, then this wouldn’t tell us much about your potential. By asking you to trade for at least 7 days we can see how you perform over a period of time.