Challenge
To pass the simulated 3-Step Challenge, you must follow a few key trading rules
Maintain 4% daily loss limit
Maintain 8% static maximum loss limit
Complete trades on at least 3 separate days on each challenge phase
Reach 6% profit target on each challenge phase
In the 3-Step Challenge, you have unlimited trading days to hit your profit target - trade at your own pace, with no rush or expiration pressure. To keep accounts active and prevent indefinite holds, you must open and close at least 1 trade every 30 calendar days.
Daily Simulated Drawdown (Balance based)
Limit: 4% of your account's balance at the start of the trading day (5pm EST)
Calculation: Daily Drawdown Limit = Starting Daily Balance × 0.04 (4%)
Example $100,000 account
Example $100,000 account
For a $100,000 account with a 4% daily loss limit:
Daily Threshold: $4,000 (4% of starting daily balance).
Scenario: Trading day (5PM EST) starts at $100,000. Your equity drops to $95,800 mid-session (due to open positions with unrealized losses).
Equity touches or goes below $96,000 ($100,000 - $4,000) - account breaches for daily loss violation.
Maximum Simulated Drawdown
Limit: 8% static from your initial balance
Calculation: The limit is set 8% from your initial account balance, and it never changes from there.
Example $100,000 account
Example $100,000 account
For a $100,000 account with a 8% static Max Drawdown
Max. Threshold: 8% loss from your initial balance
Scenario: You start with $100,000 account. Your Max. Drawdown is 8% from $100,000 = $8,000
$100,000 - $8,000 = $92,000
Your Max. Drawdown level is at $92,000
Payouts
Once you pass the 3-Step Challenge and activate your Live Simulated Account, payouts reward your performance.
First Payout: Request your initial payout after 14 calendar days from your first trade on the live simulated account
Subsequent Payouts: Withdraw every 14 days thereafter
Profit Split: 80/20
Disclaimer:
All content published and distributed by MyFunded Capital LTD; Seacrest Markets; and its affiliates (collectively, the “Company”) is to be treated as general information only. None of the information provided by the Company or contained herein is intended as investment advice, an offer to buy or a solicitation of an offer to buy or sell, or a recommendation, endorsement, or sponsorship of any future contract, security, company, or leveraged instruments. Leveraged products such as CFD’s and FX trading are complex instruments with a high risk of losing money. The information on the website is not directed at any jurisdiction and is not intended for any use that would be contrary to local law or regulation. Copyright (c) 2023-2024. All right Reserved. MyFunded Capital LTD.