The first phase of ATFunded Challenge is the initial stage of our Evaluation Process. Before we provide you with a Funded Account, we need to ensure you can trade responsibly and manage risk effectively. Our challenge comes with fair rules, balancing the Profit Target with the allowable drawdown, which we refer to as Trading Objectives.
There is no time limit to meet the Profit Target & once you have complete all the objectives and your results have been reviewed, you can move on to the second step. The minimum time required to complete the account is 3 trading days.
In the ATFunded Challenge, the profit targets are established at 8% of the initial balance for Phase 1 and 5% for Phase 2. These targets represent the total profits achieved from closed positions on your trading account, which you can reach at any time during the Trading Period.
The Daily Drawdown limit in the ATFunded Challenge is set at 4% for all phases. This limit refers to the maximum allowable loss from your account balance in a single trading day, ensuring that risk management remains a key focus throughout your trading experience.
The Overall Drawdown limit in the ATFunded Challenge is capped at 10% across all phases. This limit represents the maximum allowable loss from your initial account balance throughout the entire challenge, helping to safeguard your trading capital while you pursue your profit targets.
A trading day is a day where the trader has made a profit of at least 0.5%. To advance to the next phase the minimum trading days requirement (3) must be met.
