Evaluations and accounts
Time limit
A deadline by which an evaluation must be completed. Where one exists it changes the strategy entirely, because it converts a test of process into a test of process under a clock.
GFN’s figure
No GFN programme has a time limit. Instant, the 1 Step and the 2 Step all run at your own pace, and a slow month costs nothing but time.
- InstantTime limit
- None
- 1 StepTime limit
- None
- 2 StepTime limit
- None
Ordinary inactivity rules still apply - an account has to be traded from time to time to stay available.
In detail
Time limit,explained
A time limit is the rule that most reliably makes traders size up. It removes the option of waiting for the setup you actually trade, which is the option that produces the results you were assessed on.
Firms have largely moved away from deadlines because they raise failure rates without improving the quality of the traders who pass.
Related
Terms thatcome with it
Most rules only make sense next to the ones they interact with. These are the entries this one depends on.
Minimum trading days
The number of separate days on which an account must trade before an evaluation phase can pass. Some firms also require a minimum profit on each qualifying day for it to count.
Evaluation
The assessment stage of a prop programme, traded on a simulated account. Profits made during an evaluation are simulated results used to decide whether you pass; they are not withdrawable.
Profit target
The virtual gain required to pass an evaluation phase, stated as a percentage of the starting balance. It is the only objective you have to reach; every other rule is something you have to avoid.
Prop firm challenge
A paid assessment on a simulated account. Reach a virtual profit target without breaking the risk rules and the firm issues a simulated funded account that pays you a share of the gains you generate on it.
Ready when you are
Your capital stays yours.The risk is ours.
One evaluation fee, no time limits and up to 90% of simulated profits. Pick an account size and your credentials arrive by email within minutes.
No subscriptions or hidden fees
Payouts every 14 days
$400,000 max total allocation