Stay ahead with our latest Prop Trading System updates—discover all the new features here!
Last updated
Released Date - 21 February 2025
The latest update to our prop trading module brings greater precision and flexibility to how you structure challenges and evaluate traders. With the introduction of the 'Profitable Days' criterion, customizable profit-sharing conditions, and challenge parameters that remain in effect during the live funded stage, you can more effectively assess consistency and reward top-performing traders. These enhancements streamline your evaluation process, ensuring that only the most disciplined and skilled traders maintain live funded accounts. Discover these new tools to refine your trader evaluation strategies.
New "Profitable Days" Criterion: Set a minimum number of days where traders must achieve a specified profit to pass the challenge. This ensures that only those with consistent profitability advance.
Customizable Profit-Sharing Conditions: Define specific conditions for profit-sharing, such as minimum trading days or profit thresholds, ensuring rewards are granted only to traders who meet your performance expectations.
Funded Stage Challenge Requirements: Set clear criteria that traders must continue to meet to maintain their live funded accounts. This added layer of control ensures ongoing compliance, helping you identify those with consistent performance and long-term trading discipline.
You can now set a minimum number of days where traders must achieve a specified profit to pass the challenge. This ensures that only those with consistent profitability advance.
To setup the "Profitable Days" Criterion for your prop challenges, follow these steps:
Fill in the respective fields.
Under "Challenge Rule", you can configure the "Profitable Days" criteria.
You will need to specify both the profit target percentage and the number of profitable days.
The profit target is defined as a percentage of the initial balance. For example, with an initial balance of $100,000 and a profit percentage set at 8%, your trader must achieve a minimum of $8,000 in closed P&L within a day for that day to be considered a Profitable Day.
The number of days set represents how many profitable days are required for the trader to meet this requirement. For example, if you set it to 3 days, your trader must have at least 3 days where their daily closed P&L exceeds $8,000.
Traders will be able to view the Profitable Days criterion directly within the Prop Challenge. By clicking on it, they can access a detailed explanation of the requirement.
For each stage, the Profitable Days criterion will be displayed as "Min Profit - Min Days." For example, "8,000 USD - 3 Days." This means that the trader needs a minimum daily closed P&L of USD 8,000 for at least 3 days to fulfill this challenge requirement.
Additionally, they can track their progress for the Profitable Days criterion, with the option to hover over the tooltip for further clarification.
Previously, as long as your traders were profitable, they would receive profit sharing. Now, you can define conditions for profit-sharing, such as minimum trading days or profit thresholds, ensuring rewards are granted only to traders who meet your performance expectations.
To configure Profit Sharing conditions, follow these steps:
Navigate to the "Profit Sharing" Section.
You will now see an additional row for "Profit Sharing Condition".
You can configure the following Profit Sharing Conditions:
Minimum Days After Account Creation: The minimum number of days that must pass after a trader's account is created before they qualify for profit sharing. For example, if set to 5 days, profit sharing will only be considered after 5 days from the account creation date.
Minimum Trading Days: The minimum number of days a trader must have placed trades before qualifying for profit sharing. For example, if set to 3 days, profit sharing will only be considered after the trader has placed trades on at least 3 separate days.
You can configure these conditions with an "AND" or "OR" policy.
The "AND" policy means both conditions must be fulfilled.
The "OR" policy means either condition can be fulfilled.
Minimum Profit: The minimum profit a trader must achieve to qualify for profit sharing. For example, if set to $1,000, the trader must have a closed P&L of at least $1,000, calculated as current balance - initial balance.
Similarly, you can configure either "AND" policy or "OR" policy.
Profitable Days: The number of profitable days required for a trader to be eligible for profit sharing.
Profit: Defined as a percentage of the initial balance. For example, if the initial balance is $100,000 and the required percentage is 8%, the trader must make at least $8,000 in profit for the day to be counted as a profitable day.
Number of Days: The minimum number of profitable days required.
This resets after each profit-sharing settlement. If a profit-sharing settlement has occurred, the trader must meet the condition again from the start for the next cycle.
If profit-sharing settlement is set to automatic, the system will verify whether the trader meets the profit-sharing conditions on the settlement date. If the conditions are not met, profit sharing will not be triggered. If met, the system will calculate the profit-sharing amount and generate records in the profit-sharing report.
You can now set clear criteria that traders must continue to meet to maintain their live funded accounts. This added layer of control ensures ongoing compliance, helping you identify those with consistent performance and long-term trading discipline.
The criteria that can be set for the final stage include:
Minimum Trading Days (Optional)
Minimum Trading Volume (Optional)
Profitable Days (Optional)
Profit Target - This becomes mandatory if any of the above criteria are set for the final stage
Once the conditions for the final stage are met, the challenge is marked as complete, the account is disabled for trading, and the final profit-sharing settlement, if applicable, is executed.
If profit-sharing settlement is set to manual, you can view an overview of your trader's status and see which requirements are met when you manually initiate the settlement.
