Drawdown: pick end-of-day or intraday
On the EOD evaluation the $2,000 threshold is calculated at the market close and enforced during the next session. On the Intraday evaluation it follows your highest balance including open profit, in real time. In the funded Performance Account (PA) both stop trailing once the threshold reaches $50,100, the starting balance plus $100.
Daily loss limit
The EOD evaluation has a $1,000 daily loss limit that pauses trading for the session; it does not fail the account. The Intraday evaluation has none.
Consistency
None in the evaluation. In the PA, no single profitable day may be 50% or more of your profit since the last approved payout.
Payouts
You need five qualifying days since the last payout ($250+ each on the 50K EOD PA, $200+ on Intraday), a balance of at least $52,600 and a minimum request of $500. Caps per request rise from $1,500 on the first payout to $3,000 on the sixth. After six payouts the PA closes.
Not allowed
- Automation, algorithms and high-frequency trading.
- Holding positions past the daily close.
- Placing orders on both sides of a news release to gamble on the outcome.