Aqua Funded: Current Rules for Traders Evaluating This Week
Aqua Funded currently operates under a comprehensive set of evaluation rules without recent changes announced this week. Traders evaluating their strategies or considering entering the prop trading space should familiarize themselves with the current guidelines to maximize their potential for success.
Current Evaluation Rules Overview
- Evaluation Models: Instant, 1-Step, 2-Step, 3-Step
Profit Targets by Model
| Challenge Name | Phase | Profit Target (%) |
|---|---|---|
| One Step (Standard) | Step 1 | 9 |
| One Step (Pro) | Step 1 | 6 |
| Two Step (Standard) | Step 1 | 8 |
| Two Step (Pro) | Step 1 | 10 |
| Three Step | Step 1, Step 2, Step 3 | 6 for each phase |
Drawdown Rules
Aqua Funded employs specific drawdown rules designed to manage trading risks across various models:
- Max Drawdown for most models is defined as follows:
- Instant Funding (Pro): Max Drawdown 6
- One Step (Standard): Max Drawdown 6
- Two Step (Standard): Max Drawdown 8
- Three Step: Max Drawdown 8
Minimum Trading Days
Aqua Funded imposes different minimum trading days requirements:
- 1-Step models require 3 minimum trading days.
- Instant Funded models require 5 minimum trading days.
- 2-Step and 3-Step models have no minimum trading day requirement.
- Qualifications for a trading day include achieving a profit of at least 0.5%.
Consistency Rule
The consistency rule at Aqua Funded varies across models:
- Instant Funded Standard applies a 40% daily consistency limit.
- Instant Funded Pro and 1-Step models apply limits of 15% or 25%.
Restricted Strategies
Traders should be aware of the following restrictions on trading strategies:
- No news trading within 5 minutes before or after major news events once funded.
- No strategy switching between evaluation phases.
- No exploitative or cheating strategies are allowed.
Conclusion
This current review of Aqua Funded's rules highlights their structured approach to evaluating traders while emphasizing risk management and consistency. As other firms continue to adapt their rules, it's crucial for traders to stay informed and develop strategies that align with these guidelines to achieve success in the competitive prop trading landscape.