The rules
An evaluation is governed by four rules. Two of them are hard rules that end the evaluation the instant they're broken; the other two are the pass condition and a budget. All four are visible and live in your cockpit from the first trade, and all four are enforced by the contract. There is no human in the loop and no appeal.
Profit target: the pass condition
The gain you must reach for your equity, measured from your starting balance, to pass the tier. 8% for Starter and Basic, 10% for Pro. Reaching it with every other rule intact passes the evaluation. There is nothing to claim mid-trade: the moment your equity crosses the target with no rule breached, you've passed. See Passing & failing.
Maximum drawdown: a hard rule
The most your account can fall before it's failed, measured against your starting balance. Cross the drawdown floor and the evaluation ends immediately.
- Starter floor: starting balance × (1 − 10%) = $9,000 on a $10,000 account.
- Basic / Pro floor: starting balance × (1 − 8%).
Your equity (realized P&L, unrealized P&L on open positions, minus fees and funding) is marked continuously. Fees alone can move you toward the floor, so a heavily traded account is drawing down even between wins. The cockpit shows a live drawdown gauge and exactly how much headroom remains.
Daily loss limit: a hard rule
The most you can lose in a single day, set at 5% of your account across all tiers. Cross it and the evaluation ends, just like a drawdown breach.
- The day is measured in UTC, and resets at 00:00 UTC for everyone. There is no per-trader timezone.
- The cockpit shows a live countdown: "Daily reset in HH:MM."
- The limit resets fresh each day; it does not roll over.
Trade budget: a cap, not a failure
Each evaluation carries a budget of 200 trades. This isn't a failure condition; it caps how many positions you can open over the life of the evaluation, which keeps the evaluation a test of judgment rather than of latency or grind. The cockpit shows trades used against the budget.
There is also a short rate limit between trade submissions (on the order of a couple of seconds). It exists to keep the evaluation honest about the kind of trading it measures: discretionary and swing trading, not high-frequency or latency-arbitrage strategies.
At a glance
| Rule | Type | Starter | Basic | Pro |
|---|---|---|---|---|
| Profit target | Pass condition | 8% | 8% | 10% |
| Maximum drawdown | Hard, ends eval | 10% | 8% | 8% |
| Daily loss limit | Hard, ends eval | 5% | 5% | 5% |
| Trade budget | Cap | 200 | 200 | 200 |
Inactivity
There is no "abandon" button. If you want to stop, you simply stop trading. After
7 days of inactivity, the evaluation auto-terminates with an Inactive outcome,
distinct from a pass or a fail, and recorded as such. See
Passing & failing.