Learn about all the details of all our recent CRM updates here.
Last updated
Released Date - 26 December 2023
This release brings pivotal enhancements to the Proprietary Trading Challenge system. Notable improvements include more frequent equity monitoring, now calculated every 10 minutes and a more intuitive "participants" tab that now offers detailed snapshots of traders' status. Furthermore, we've streamlined the admin process with automated approval options, challenge duplication and more!
: Stay informed with equity updates every 10 minutes for more precise and consistent monitoring.
: We've fine-tuned the maximum loss and maximum daily loss calculations by incorporating equity changes, enhancing accuracy.
: Gain deeper insights into your participants with new features such as progress bars for equity, profits and losses.
: Have the option to enable automatic approval for all participation requests.
: Easily replicate your successful challenges with the duplication function for simple setup and management.
: Simplify data retrieval with date filters from challenge initiation, eliminating the need to recall specific start dates and ensuring the absence of non-data sets. Additional filtering options are available for obtaining precise data related to distinct packages and steps.
: An upgraded interface now allows users a more intuitive and seamless experience for participants to navigate their retry opportunities.
In this latest release, we've introduced an improvement in the frequency of equity updates. Now, equity is refreshed at a more frequent 10-minute interval. This enhancement ensures a more responsive and accurate monitoring experience, allowing you and your traders to stay better informed about real-time changes in equity, thereby enhancing the overall effectiveness of your trading activities.
We've also fine-tuned the calculation logic for both Maximum Daily Loss and Maximum Loss.
The CRM now compares the latest obtained equity with the equity at the end of the previous day to determine if the trader has reached the maximum daily loss threshold.
Challenge fails when: Latest Equity - Previous Day Equity ≤ - Maximum Daily Loss
For Example:
Initial Equity: $10,000
Maximum Daily Loss = 5% x $10,000 = $500
$10,000
$11,000
$11,000 - $10,000 = $1,000
$1,000 ≥ - $500 Challenge has not failed.
$11,000
$8,500
$8,500 - $11,000 = -$2,500
-$2,500 ≤ -$500 Challenge has failed.
The CRM now compares the latest obtained equity with the initial equity to determine if the trader has reached the maximum loss threshold.
Challenge fails when: Latest Equity - Initial Equity ≤ - Maximum Loss
For Example: Initial Equity: $10,000
Maximum Loss = 10% x $10,000 = $1,000
$10,000
$11,000
$11,000 - $10,000 = $1,000
$1,000 ≥ - $1,000 Challenge has not failed.
$10,000
$8,500
$8,500 - $11,000 = -$2,500
-$2,500 ≤ -$1,000 Challenge has failed.
We've enriched the participants page by introducing the following additional fields:
Equity - Updated at every 10-minute interval.
Max Daily Loss Progress Bar - Updated at every 10-minute interval.
Max Loss Progress Bar - Updated at every 10-minute interval.
Profit Target Progress Bar - Updated on a daily basis.
These additions provide a more detailed and dynamic snapshot of each participant's trading status, ensuring a comprehensive overview of their challenge progress and performance.
We have introduced a new feature that gives you the flexibility to enable automatic approval settings for prop challenge participation requests. With this option, client participation requests will be swiftly and automatically approved upon submission. This streamlined process ensures that clients receive their prop trading account credentials instantly, enabling them to commence trading without delays.
To configure the approval settings, follow these simple steps:
Navigate to Settings > Approval Settings.
Click "Edit".
You now have the ability to duplicate prop challenge names, providing you with the flexibility to replicate names as needed. This streamlines the management of similar challenges, fostering efficient organization within your prop trading environment.
Our reporting tools for prop challenge trade history have received an upgrade for added convenience:
Date Filter
The date filter now automatically excludes dates before the prop challenge began, enhancing clarity on the start date of the prop challenge.
Selection of dates prior to the challenge start date is restricted.
This enhancement offers increased convenience, removing the need to recall the start date of the prop challenge and minimizing the risk of encountering empty data sets.
New Filtering Options
Now, you can easily filter trade history using the new filtering options: package and step.
This improvement enables you to precisely focus on trade history data for a particular package or step, enhancing the accuracy of your analysis.
Traders now have visibility into the remaining retry attempts for prop challenges.
After each retry, the system will automatically update to display the remaining attempts available.
