Overview of Current Evaluation Rules at Crypto Fund Trader
Crypto Fund Trader maintains a structured set of evaluation rules across its different trading challenges. Currently, there are no new changes announced, making it crucial for traders to understand the existing framework to strategize effectively.
Profit Targets
| Challenge Name | Phase | Profit Target (%) |
|---|---|---|
| INSTANT | Funded | Not Applicable |
| 1 PHASE | Phase 1 | 10 |
| 1 PHASE | Live Stage | Not Applicable |
| 2 PHASES | Phase 1 | 8 |
| 2 PHASES | Phase 2 | 5 |
| 2 PHASES | Live Stage | Not Applicable |
| ASCEND | Phase 1 | 8 |
| ASCEND | Phase 2 | 5 |
Drawdown Rules
The drawdown limitations are critical for maintaining account solvency. Here are the detailed rules:
- INSTANT Challenge: Daily Drawdown: 4%, Maximum Drawdown: 6% (both types: Static)
- 1 PHASE Challenge: Phase 1: Daily Drawdown: 4%, Maximum Drawdown: 6% (Daily: Static; Max: Trailing)
- 2 PHASES: Phase 1: Daily Drawdown: 5%, Maximum Drawdown: 10% (Daily: Static; Max: Trailing), Phase 2: Same as Phase 1
- ASCEND: Both phases have the same drawdown rules as the 2 PHASES Challenge.
Other Current Rules
In addition to profit targets and drawdown limits, traders should note the following:
- Minimum Trading Days: Not specified
- Consistency Rule: Not specified
- Restricted Strategies:
- No Arbitrage: This includes various forms of scalping and exploiting simulated market conditions.
- No Copy Trading: Any form of synchronized trading across Ascend accounts could lead to disqualification.
Practical Impact for Traders
Understanding these parameters is essential for traders looking to participate in Crypto Fund Trader's evaluation process. The existing profit targets and drawdowns provide a clear structure, allowing traders to formulate their strategies accordingly. Compliance with the restricted strategies is crucial to avoid disqualification. Traders should also be aware of upcoming industry trends, adapting their approaches to remain competitive.
Closing Remarks
This consistent structure at Crypto Fund Trader mirrors broader trends in the prop trading industry this week, where firms are emphasizing clarity and structured evaluations in their trading environments as they adapt to the evolving market landscape.