Phase 2 applies only to the Ascended and Astral challenge accounts and here are the goals and requirements:
Ascended 2-Phase challenge:
Goals:
Reach 5% profit on your account balance. All positions must be closed.
Maintain a 5% Daily Drawdown: Maximum daily loss within a 24-hour period.
Limit the Maximum Drawdown to 10%: Maximum running equity loss.
Requirements:
Minimum Trading Days with Profit Requirement: 5
To meet the Minimum Trading Days with Profit Requirement, a trading day will be counted only if the following conditions are met:
The sum of the trader's net profits (and losses) from closed trades during the day must be greater than 1% of the initial account balance (e.g. $1,000 on a $100,000 account),
Only closed trades are taken into account. Open trades that are not closed during the day do not count toward the net profit.
The daily profit is calculated as the total net PnL from all closed trades executed within that day.
Based on which time zone?
All days are calculated using the UTC timezone.
Each trading day starts and ends at 00:00 UTC.
If your trades are opened before midnight and closed after midnight (UTC), they count for the next day.
Maximum Evaluation Period: Unlimited
Astral Account:
Goals:
Reach 5% profit on your account balance. All positions must be closed.
Maintain a 5% Daily Drawdown: Maximum daily loss within a 24-hour period.
Limit the Maximum Loss to 8%: Maximum running equity loss.
Requirements:
Minimum Trading Days with Profit Requirement: 3
To meet the Minimum Trading Days with Profit Requirement, a trading day will be counted only if the following conditions are met:
The sum of the trader's net profits (and losses) from closed trades during the day must be greater than 1% of the initial account balance (e.g. $1,000 on a $100,000 account),
Only closed trades are taken into account. Open trades that are not closed during the day do not count toward the net profit.
The daily profit is calculated as the total net PnL from all closed trades executed within that day.
Based on which time zone?
All days are calculated using the UTC timezone.
Each trading day starts and ends at 00:00 UTC.
If your trades are opened before midnight and closed after midnight (UTC), they count for the next day.
Maximum Evaluation Period: Unlimited