🥇Criteria to be Success
1. Achieved 5 Trading Days
Trading days definition: Open any trades on a day consider as 1 trading days.
For example: User A open each 1 trade on 1th July and 2nd July. This user has achived 2 trading days target.
2. Maximum Daily Loss
Calculation Formula:
Total Realized Loss of the Day + Total Floating Loss of Open Positions.
Example:
If the account size is 100,000 USDT and a Maximum Daily Loss limit of 5,000 USDT: • You must not lose more than 5,000 USDT in a single day. This includes floating losses, meaning at any point during the day, your floating loss must not exceed 5,000 USDT. • If you incur a 4,000 USDT loss from closed trades, your account must not decline more than 1,000 USDT on that day. This means your open floating losses should not exceed -1,000 USDT. • Conversely, if you make a 2,500 USDT profit in one day, you can afford to lose up to 7,500 USDT. However, if at any point your total daily loss (from both closed and open trades) exceeds 5,000 USDT, you will have violated the limit. For instance, if you close trades with a 2,000 USDT loss and have an open trade with a floating loss of 3,001 USDT, your total daily loss at one point was 5,001 USDT, exceeding the permitted 5,000 USDT limit.
Important Note:
• The maximum daily loss resets at 00:00 UTC+8. If you make a 2,000 USDT profit on a day and have an open position with a floating loss of 6,000 USDT, your daily loss for that day is 4,000 USDT (2,000 USDT profit - 6,000 USDT open loss). You are within the limit for that day. However, if the open loss of 6,000 USDT carries over past midnight, it will exceed the 5,000 daily loss limit, as the profit from the previous day does not carry over.
• The account will automatically fail if an open position reaches the maximum daily loss limit, as floating losses are included in the calculation formula.
3. Maximum Loss
Calculation formula:
Total Realized Loss + Total Floating Loss of Open Positions.
For instance, if the account quota is 100,000 USDT, the total of closed position losses and floating losses on the account must not exceed 10,000 USDT at any point during the trading period.
The calculation method is similar to the Maximum Daily Loss, which can be reviewed by accessing the Maximum Daily Floating Loss concept. The key difference is that this limit applies to the entire Challenge Period and the duration of use of the PropW trader's account, rather than being confined to a single day.
Important Note:
The account will automatically fail if an open position reaches the maximum loss limit, as floating losses are included in the calculation formula.
4. Profit Target
Profits must be realized from closed positions; floating profits will not be considered.
For example, if a user has an account quota of 100,000 USDT. The account should have at least a 8,000 USDT of realized profit.
Important Note:
To proceed to the next phase, all positions must be closed. In the Challenge Stage, profits cannot be rolled over; profit rollover is only eligible during the Trader's Stage.
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