Current Evaluation Rules at DNA Funded
DNA Funded has established comprehensive evaluation criteria aimed at traders looking to get funded. Below is the factual overview of the current rules in place.
Profit Targets
Each challenge at DNA Funded comes with its specific profit target, designed to ensure that traders meet performance standards. Here are the details:
- 1 Phase: 10% profit target in Phase 1
- 2 Phase: 8% profit target in Phase 1, 5% in Phase 2
- Rapid (10 days): 5% profit target in Phase 1
- Instant Funding: No specified profit target
Drawdown Rules
Traders must adhere to specific drawdown limits during their evaluation phases:
- 1 Phase: Daily drawdown of 4%, maximum drawdown of 6%
- 2 Phase: Daily drawdown of 5%, maximum drawdown of 8%
- Rapid (10 days): Daily drawdown of 3%, maximum drawdown of 5%
- Instant Funding: Maximum drawdown of 4%, with trailing adjustments
Consistency Rule
To ensure a structured approach to trading, DNA Funded enforces a consistency rule whereby:
- Profits earned on any one calendar day can contribute no more than 30% toward a payout request (increased to 40% for accounts purchased before February 3).
Restricted Strategies
To maintain integrity and discipline in trading, several strategies are restricted across different account types. Notable restrictions include:
- News Trading: Prohibited 5 minutes before and after high-impact news events (10 minutes for older accounts).
- Weekend & Gap Trading: Only cryptocurrency weekend trading is allowed; all others are restricted.
- Prohibited Strategies: Bans include HFT, reverse arbitrage, and several others at the funded stage.
Practical Impact on Traders
For traders evaluating or looking to join DNA Funded, understanding these rules is critical for navigating the challenges successfully. Meeting or exceeding the specified profit targets while adhering to drawdown limits can translate to funded accounts, crucial for sustained trading endeavors.
The Broader Pattern of Industry Changes
While there have been no specific changes at DNA Funded this week, it's important to note that many firms are frequently updating their rules and models to adapt to market conditions. Staying informed will help traders align their strategies accordingly in this fast-evolving landscape.