2 step challenge rules
What rules should I follow in the 2-Stage Challenge?
To ensure a good and successful trading experience with us, please review the following items.
Maximum Daily Drawdown: Our daily stop-loss specifies that you are allowed to lose up to 5% of your initial account balance on any given day.
Overall Drawdown: You are allowed to lose up to a maximum of 12% of your initial account balance.
Minimum Trading Days: In the 2-Stage Challenge, there are no minimum or maximum trading days during the evaluation phases. You can reach the profit target in one day or in one year.
Prohibited Trading Strategies: Proopco strictly prohibits any form of cheating or exploitation of the platform, as it contradicts the terms and conditions of using our services. Therefore, traders are requested to fully read the terms and conditions to avoid any issues.
What is the profit target for the 2-Stage Challenge?
The profit target for the 2-Stage Challenge is as follows:
Phase 1: In this phase, you need to achieve an 8% profit target, but there is no time limit to reach this goal, which allows you to trade freely.
Phase 2: In this phase, you need to achieve a 5% profit target, but there is no time limit to reach this goal, which allows you to trade freely.
Real Account (Proopco): In this account, there is no profit target or limitations.
How many days do I have to complete Phase 1 and Phase 2 of the 2-Stage Challenge?
There is no time limit for completing Phase 1 and Phase 2 of the 2-Stage Challenge.
You are free to take as much time as you need to complete each phase, so please do not rush. Trade with appropriate risk management to successfully complete each phase in the best possible manner.
Can I pass each phase of the 2-Stage Challenge with a single trade?
Yes, since the 80% profit rule does not exist in Proopco, you can pass each phase of the 2-Stage Challenge with a single trade.
What are the minimum trading days in the 2-Stage Challenge?
In the 2-Stage Challenge, there are no minimum trading days during the evaluation phases or in the Proopco (real) account. It is even possible to reach the real account in one day.
What is the maximum daily drawdown?
For the 2-Stage Challenge:
Traders are allowed to lose up to 5% of their initial account balance on any given day. If your initial account balance is $25,000, 5% of that amount is $1,250. Therefore, at any point during the day, if your losses (open positions + closed positions) exceed $1,250, you have surpassed the daily drawdown limit.
What is the maximum overall drawdown?
For the 2-Stage Challenge:
Traders are allowed to lose up to a maximum of 12% of their initial account balance as the overall drawdown limit during each phase.
Can I trade during news events?
Yes, there are no restrictions on trading during news events, and profits are calculated.
Can I keep my trades open overnight or over the weekend?
Yes, in all the challenges offered, traders are allowed to keep their trades open overnight or over the weekend.
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Our experts are ready to assist you. Whenever you encounter a problem or need guidance, we will be there for you. We are available 24/7 through our online chat service, throughout the entire week. Additionally, we are accessible by phone from 9 AM to 5 PM, Monday through Friday.
Proop.co provides educational services and trading simulations to traders and does not recognize itself as a broker and does not accept any funds as deposits. Before deciding to subscribe, you should carefully assess your trading goals, level of experience, and risk tolerance