For 1-step Nitro Pro accounts, there’s a consistency rule that applies to both the Challenge Phase and Simulated Funded Phase
Why this Rule?
Funded Trader Markets’ Consistency Rule promotes steady profit growth and helps traders avoid emotional trading.
Important Details About the Consistency Rule For 1-step Nitro Pro Accounts
In the Challenge Phase; you should not make more than 20% (i.e. half) of the profit target in one day.
In the Simulated Funded Phase; you should not have made more than 20% of the total profit in one day.
If a single day’s profit is more than 20% of your profit target in the Challenge Phase or more than 20% of your total profit in the Simulated Funded Phase, you have to continue trading until there isn’t a day with more than the above said maximums.
When is the Consistency Rule Required?
For 1-step Nitro Pro Accounts, it applies to both the Challenge Phase and Simulated Funded Phase
Calculation
[Best Day % of Total Profit] = [Best Day Profit] ÷ [Overall Profit] * 100
Best Day Profit means the highest single-day profit.
Single Day’s Profit = Balance at 5pm EST Today – Balance at 5pm EST Yesterday
Example (1-step Nitro Pro Account – Simulated Funded Phase)
If you made a total profit of $5,000 in a 1-step Nitro Pro – Simulated Funded Phase
To be eligible for withdrawal, there should not have been a single day with more than 20% of $5,000 (= $1,000).
If there is a single day with more than 20% of total profit, then you have to keep on trading until the best day profit is less than 20% of the total profit.
Example (1-step Nitro Pro Account – Challenge Phase)
For a $10,000 Nitro Pro Account with a Phase 1 profit target of $1,000 (10%), no single day’s profit should exceed $200 (20% of the target) to stay within the consistency rule
By adhering to these guidelines, traders can foster a disciplined and sustainable trading approach, crucial for long-term success.
