EVALUATION RULES & PARAMETERS CFD

Authorized Trading Hours

You are allowed to hold your positions overnight and over the weekend as long as the market is open. There are no restrictions on how long you can keep a trade open.

Additionally, no swap fees will be charged, regardless of how long you hold your position.

Target

The Target is the minimum amount a trader must achieve to qualify for a performance account.

Pro Drawdown EOD

1. As your account balance increases, the  Pro Drawdown EOD will expand by a predefined distance.

2. The Pro Drawdown EOD is dynamically calculated at the End of the Trading Day.

3.  If your balance decreases, the Drawdown remains unaffected.

To track your Pro Drawdown EOD, you can utilize Rithmic RTrader Pro's Auto Liquidate Threshold Value feature.

You can also view your Pro Drawdown EOD on the dashboard at the end of each day.

Once your Pro Drawdown EOD reaches your initial starting balance, it remains fixed for the duration of your evaluation. If your account balance touches or falls below this value, your Evaluation Account will no longer be eligible for funding. The Pro Drawdown EOD calculation considers simulated commissions and fees.

Understanding Pro Drawdown for the 1-Step Evaluation (50K Account Example)

In the 1-Step Evaluation, the maximum drawdown is 6%, and the profit target is 10%. This means:

Starting Account Balance: $50,000 Max Drawdown (6%): $3,000 (Account is breached if balance drops to $47,000) Profit Target (10%): $55,000

How the Drawdown Adjusts: 1 Trader makes a $500 profit.

New Balance: $50,500 The drawdown follows by $500, meaning the new breakeven level is $47,500.If the balance drops to $47,500, the account is breached.

2. Trader makes another $1,000 profit.

New Balance: $51,500 The drawdown follows again, moving up by $1,000, now sitting at $48,500.The account will now be lost if the balance falls to $48,500.

3. Trader reaches $55,000 (10% Profit Target).

The drawdown continues to trail up, now set at $50,000.This means the account cannot go below $50,000 anymore.

The drawdown stops moving because the trader has now exceeded the 10% profit target amount of $5,000.

At this point, the drawdown is locked at $50,000, meaning the trader can freely continue trading without the trailing effect.

To pass the evaluation, the trader must reach $55,000, hitting the 10% profit target.

Maximum Evaluation Accounts

With 4PropTrader, you can have an unlimited number of evaluation accounts.