To successfully pass the evaluation, you must complete the following three goals:
1. Reach your profit target
2. Maintain Consistency Rules
3. Show consistency in attaining profits.
30% in Premium and Static Evaluations (Except for the 300K Plan 21% Consistency)
50% in Launch Plans Evaluations Account only (BluLive is still 30% to pass)
Your dashboard will calculate it for you:
There are only one way to fail the evaluation:
1. Fall below the minimum balance (EOD Trailing)
The minimum trailing balance increases with your highest EOD balance. It increases with profits, but it does not decrease with losses, and is calculated from your starting balance at 6PM.
For example, the 50K evaluation starts with a 48K minimum balance (trailing by $2000).
If any trade reached $50,750 at any point, your new minimum balance would be $48,750.
If a subsequent trade closed back at $50,300, then your minimum balance would still be $48,750.
If at any point your balance falls to your minimum balance, the evaluation has failed.
You can monitor your minimum trailing balance in realtime with Rithmic by using the "Auto Liquidate Threshold Value" in RTrader Pro.
You can monitor your minimum trailing balance in realtime with Tradovate by using the "Drawdown Auto Liq" column of the Accounts tab.
Things that DONT fail your account
Trading news events at your own risk
Using too many contracts
We will not fail you for using too many contracts and we are able to automatically limit limit your max size if you are trading one product. But if you find a way to use more contracts than your terms, we will liquidate and/or restart your account and/or deny brokerage entry entirely when our system detects it.
Please do not exploit the system.Trade the wrong hours
We recommend closing all trades before 4:45PM EST our system attempts to limit when you can trade and will auto-liquidate around 15 minutes before markets close. This is not a guarantee of liquidation.
NOTE: Although our system will do it's best to liquidate trades before the close of market. We still need you to take responsibility for closing your trades.
The system is not perfect. This could result in substantial loss in your account which could then end up being a failure. Please be a responsible trader. We will not adjust accounts that have open positions after 5PM EST.