Phase 2 applies only to the Ascended and Astral challenge accounts and here are the goals and requirements:
Ascended:
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 count a trading day toward the Minimum Trading Days with Profit Requirement, the trader must reach the set daily profit target (1% of account balance) based on end-of-day closed equity. The equity at the end of the day must be higher than the previous day’s end-of-day equity. Profits from open trades during the day don’t count unless the trade is closed.
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 count a trading day toward the Minimum Trading Days with Profit Requirement, the trader must reach the set daily profit target (1% of account balance) based on end-of-day closed equity. The equity at the end of the day must be higher than the previous day’s end-of-day equity. Profits from open trades during the day don’t count unless the trade is closed.
Maximum Evaluation Period: Unlimited