Stage 1: OspreyFX Challenge
- 10% Profit
- Minimum 10 days of trading
- Daily Loss/Drawdown (Equity) of 5%
- Maximum Overall Loss of 12%
- Unlimited Days Challenge Duration
Stage 2: Verification
- 8% Profit in 60 days
- Minimum 10 days of trading
- Daily Loss/Drawdown (Equity) of 5%
- Maximum Overall Loss of 12%
- Follow the consistency rule
- Unlimited Days Challenge Duration
So as to keep your trades in line with our consistency rules, you should check the highest day profit feature on your Dashboard and make sure it stays below 30%.
The profits earned in a single trading day must not exceed 30% of the overall profit earned.
This parameter helps us establish your trading skills. It demonstrates you’re a trader capable of generating consistent profits while managing risk efficiently, and not relying on pure luck.
What Happens if my Best Day is Over 30%?
If your best trading day is equal to or higher than 30% of your overall profits earned, you must keep on trading until your best trading day percentage is below 30%.
Daily Loss/Drawdown (Equity) Calculation Explained:
If the price was $300 to begin with and then it increased to $450, the profit would be 50%. If the price had actually decreased to $150, it would reflect a drawdown of -50%.
