Plans Overview
Managing challenge plans
Plans Overview
Plans are the core configuration of your prop firm. Each plan defines the rules, phases, targets, and structure that traders must follow. This is where you configure the actual challenge.
What is a Plan?
A plan is the complete rule set for a challenge, including:
- Number of phases (e.g., Phase 1, Phase 2, Funded)
- Profit targets for each phase
- Drawdown limits
- Trading rules (news trading, weekend trading, etc.)
- Consistency requirements
- Payout structure
- Leverage settings
Plan Configuration Steps
Creating a plan involves 8 steps. Follow this guide in order for best results:
Basics
Configure the fundamental settings including plan name, leverage, and phase structure. This establishes the foundation of your challenge.
Financial Settings
Set up withdrawal rules, profit splits, and payout structure. Define how traders get paid and withdrawal conditions.
Phase Configuration
Configure tracker settings for each phase including profit targets, drawdown limits, and trading day requirements.
Trading Rules
Define specific trading rules and restrictions like news trading, weekend trading, and allowed instruments.
Risk Settings
Set up the breach ladder, consistency rules, and risk management parameters to protect your firm.
Advanced Settings
Configure advanced options like pass-to-plan functionality, account expiration, and special behaviors.
Platform Groups
Assign server groups for each phase to determine where accounts are created and which platforms traders use.
Link Products
Connect purchasable products to your plan to make it available for customers to buy.
Common Plan Types
Two-Phase Challenge - Most common structure
Phase 1:
- 8% profit target
- 10% static drawdown
- 5% trailing drawdown
- 5 minimum trading days
Phase 2:
- 5% profit target
- 10% static drawdown
- 5% trailing drawdown
- 5 minimum trading days
Funded:
- No profit target
- 10% static drawdown
- 5% trailing drawdown
- 80% profit split
This structure thoroughly tests trader skill while remaining achievable.
One-Phase Challenge - Faster evaluation
Phase 1:
- 10% profit target
- 10% static drawdown
- 5% trailing drawdown
- 5 minimum trading days
Funded:
- No profit target
- 10% static drawdown
- 5% trailing drawdown
- 80% profit split
Quicker path to funding but higher initial target makes it more challenging.
Instant Funding - No evaluation required
Funded:
- No profit target
- 6% static drawdown
- 4% trailing drawdown
- 50% profit split
Traders get immediate access to funded account but with stricter rules and lower profit split. Higher price point for this product.
Plans List
The plans list shows:
- Plan name
- Number of phases
- Active accounts using this plan
- Status (active/inactive)
- Last modified date
Common Plan Types
Two-Phase Challenge
- Phase 1: 8% profit target
- Phase 2: 5% profit target
- Funded: 80% profit split
One-Phase Challenge
- Phase 1: 10% profit target
- Funded: 80% profit split
Instant Funding
- No evaluation phases
- Direct to funded
- Lower profit split (e.g., 50%)
Cloning Plans
Save time by cloning existing plans:
- Duplicate an existing plan
- Modify specific settings
- Useful for creating similar plans with variations
Plan Versioning
When updating plans, consider:
- Do changes apply to existing accounts?
- Or only new accounts?
- Document changes for transparency