RULES FOR EVALUATION ACCOUNTS AT TAKE PROFIT TRADER
Here is a detailed summary of the objectives and rules for each account size at Take Profit Trader:
$25,000 Account
- Profit Target: $1,500
- Maximum Position Size: 3 contracts
- Daily Loss Limit: $500
- Maximum End of Day Drawdown: $1,500
$50,000 Account
- Profit Target: $3,000
- Maximum Position Size: 6 contracts
- Daily Loss Limit: $1,100
- Maximum End of Day Drawdown: $2,000
$75,000 Account
- Profit Target: $4,500
- Maximum Position Size: 9 contracts
- Daily Loss Limit: $1,600
- Maximum End of Day Drawdown: $2,500
$100,000 Account
- Profit Target: $6,000
- Maximum Position Size: 12 contracts
- Daily Loss Limit: $2,200
- Maximum End of Day Drawdown: $3,000
$150,000 Account
- Profit Target: $9,000
- Maximum Position Size: 15 contracts
- Daily Loss Limit: $3,300
- Maximum End of Day Drawdown: $4,500
Authorized Products:
The majority of products on the CME, CBOT, NYMEX, and COMEX exchanges are permitted. If a specific product is not accepted, it will be rejected at the time of ordering.
Trading Hours:
Positions must not be held overnight. The authorized trading hours for futures are from 6 PM to 5 PM Eastern Time. Positions held after 5 PM result in test failure and account forfeiture.
Number of Trading Days:
Traders must demonstrate their trading skills over a minimum of 5 trading days. A trading day is defined as any day on which at least one trade is executed.
Percentage of Profits:
To prevent the trading test from being treated as a lottery ticket, Take Profit Trader requires that a single trading day's profit does not exceed more than 50% of the total profits. For example, if you make a profit of $2,000 in one day on a $50,000 account with a profit target of $3,000, you will need to earn additional profit so that the profit from that day does not exceed 50% of the total.
These rules are designed to assess both the trading skills and risk management of traders. They aim to ensure that traders are capable of maintaining consistent performance and effectively managing the risks associated with their trading.
EVALUATION ACCOUNT PRICING
Account Size | Cost per Month |
---|---|
$25,000 | $150 |
$50,000 | $170 |
$75,000 | $245 |
$100,000 | $330 |
$150,000 | $360 |
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RULES FOR PRO AND PRO+ ACCOUNTS AT TAKE PROFIT TRADER
1. **Trading of Approved Instruments:** Traders must only trade approved instruments during authorized trading hours.
2. **Intraday Drawdown Limit:** Traders must not allow their account balance to reach or exceed the maximum intraday drawdown limit, including open positions.
3. **Regular Trading Activity:** To keep the PRO+ account active, traders must execute at least one trade per calendar week.
4. **No Trading During High or Low Limit Periods:** Trades opened during these periods will be closed at the high/low limit price, and all orders will be invalidated.
5. **Economic Event Rule:** PRO+ accounts must not have open positions or place orders one minute before, during, and after certain key economic events.
For even more detailed information, we invite you to visit the Take Profit Trader website directly.