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Sim. gain targets are an essential aspect of our trading program at SeacrestMarkets, providing clear goals for our traders to strive towards. In Phase 1 of the program, the simulated gain target is set at 10% of the starting account balance.
4%
The rule says that at any moment of the day (EE(S)T – Eastern European Summer Time), the daily simulated equity decrease must not hit the predetermined limit. The counting formula: Current daily loss = balance at the start of the day — current equity. Maintaining a controlled level of simulated loss is crucial to our trading program at SeacrestFunded. In both Step One and Live Sim phases, we have set a daily simulated loss limit of 4%. This rule ensures that the daily decrease in equity does not exceed the predetermined limit, providing risk management guidelines for our traders.
6%
Set at 6% trailing, the Maximum Overall Sim Loss rule serves as an account stop-loss mechanism, ensuring virtual capital protection. It is calculated by measuring the difference between your highest recorded balance from closed trades and your current equity. This calculation method differs from that used in 2 Step accounts. The Max Overall Sim Loss rule applies consistently throughout all phases, including verification and live sim.
3 Days
Traders are required to have at least 3 profitable days within the trading period. This rule helps in assessing the consistency and reliability of the trading strategies employed by our traders, ensuring they can sustain profitability over time.
30:1
Unlimited
Challenges
Live
Challenges
Live
According to the rules, the minimum number of days of trading during the challenge is 1 day, which gives you the opportunity to successfully complete the challenge in at least 1 day.
One stage, the rules always remain the same throughout the entire challenge. What could be simpler?
There is no limit on the maximum number of trading days on all of our challenges. It gives you complete freedom and does not put pressure on you.
A higher percentage of daily simulated loss, lower percentage of simulated gain target and static overall simulated loss allow you to feel more relax during your trading and not be afraid of missing something and making an occasional mistake. Complete the challenge in what is intended to be a comfortable mode and start managing a simulated demo account up to $200,000