Phase Configuration

Configuring Each Phase

Each phase needs its own tracker configuration:

• Phase 1 settings
• Phase 2 settings (if applicable)
• Funded phase settings

Settings can be different for each phase (and usually are).

Profit Target

Set the profit goal for the phase:

Percentage-Based

• 8% - $4,000 profit on $50K account
• 10% - $5,000 profit on $50K account
• 5% - $2,500 profit on $50K account

Fixed Amount

• $5,000 - Regardless of account size
• Less common

No Target

• For funded phase (no target, just trade)
• Trader keeps making profit indefinitely

Drawdown Limits

Set maximum allowed loss:

Static Drawdown

• Loss from starting balance
• Example: 10% static = $5,000 max loss on $50K account
• Doesn't change as balance grows

Trailing Drawdown

• Loss from highest balance (HWM)
• Example: 5% trailing = $2,500 max loss from HWM
• Moves up as trader profits

End of Day Drawdown

• Calculated at market close
• Ignores intraday fluctuations
• More lenient than real-time

Combination

Many firms use both:

• 10% static drawdown
• 5% trailing drawdown
• Trader must stay within both limits

Daily Loss Limit

Maximum loss allowed in one day:

• 5% - $2,500 on $50K account
• Resets at end of trading day
• Prevents revenge trading
• Protects from catastrophic losses

Minimum Trading Days

Minimum days trader must trade:

• 3 days - Quick evaluation
• 5 days - Moderate requirement
• 10 days - Longer evaluation

What Counts as a Trading Day?

• Any day with at least one trade
• Or: Day with at least X profit/loss
• Or: Day with at least X volume

Maximum Trading Days

Maximum days allowed to pass:

• Unlimited - No time pressure (most common)
• 30 days - Must pass within 30 days
• 60 days - Must pass within 60 days

Time pressure can increase difficulty.

Minimum Position Duration

Prevent scalping if desired:

• No minimum - Any duration allowed
• 3 minutes - Positions must be held 3+ minutes
• 5 minutes - Longer minimum

Maximum Position Duration

Prevent holding overnight if desired:

• No maximum - Can hold indefinitely (most common)
• 1 day - Must close by end of day
• 1 week - Maximum hold time

Maximum Daily Trades

Limit number of trades per day:

• No limit - Trade as much as desired (most common)
• 10 trades - Maximum 10 per day
• Prevents overtrading

Lot Size Limits

Control position sizing:

Maximum Lot Size

• Maximum position size per trade
• E.g., 10 lots maximum

Maximum Total Exposure

• Maximum combined open positions
• E.g., 20 lots total across all positions

Phase-Specific Settings

Common patterns:

Phase 1 (Harder)

• 8% profit target
• 10% static drawdown
• 5% trailing drawdown
• 5% daily loss
• 5 minimum trading days

Phase 2 (Easier)

• 5% profit target
• 10% static drawdown
• 5% trailing drawdown
• 5% daily loss
• 5 minimum trading days

Funded (No Target)

• No profit target
• 10% static drawdown
• 5% trailing drawdown
• 5% daily loss
• No minimum trading days