The 2x Evaluation Challenge consists of two phases in which you must demonstrate your trading skills by meeting specific requirements. If you successfully pass both evaluation phases, you will progress into a funded trading environment where you can earn a percentage of the profits you generate. However, if you fail any phase of the Evaluation, the challenge is over.
Evaluations:
These involve meeting the minimum trading criteria specified in the challenge and adhering to outlined drawdown objectives and trading rules. Failure to adhere to these rules will result in a hard breach, failure of the challenge and the deactivation of your account.
Hard Breach: This results in the challenge failing and your account becoming inactive.
To prevent a hard breach, you should:
· Not exceed your maximum daily loss limit.
· Not exceed your maximum total loss limit.
· Avoid trading using "Restricted Activities" and "Unfair Practices" as per the terms and conditions.
· Meet your profit targets as outlined in your Challenge contract within the specified period.
Advancing to the second stage is possible after completing the initial evaluation. Successful completion of both stages qualifies the trader for advancement to the Funded Account and subsequent payouts.