USD 200,000 – Medium Risk Strategy

Fidelcrest trader challenge USD 200,000

It is important to understand that under this program we are looking for stable, long term returns. As such, you hereby agree, not to trade with ‘unreasonable’ risk. All trading activity will be monitored in real time to be sure you adhere to the restrictions and guidelines below. Failure to do so may end our relationship immediately and forfeiture of any fees paid or profits due:

TRADING PROGRAM: ProFx Trader
Account Type: Challenge Account
Initial Capital: $200,000
Trading Strategy: MEDIUM RISK
Available Trading Platforms: MT4

MT5

cTrader

Available Brokers: ICM

PURPLE TRADING

ROBOFOREX

TRADEVIEW

XC.COM

BLUEBERRY MARKETS

AXITRADER

Available Trading Instruments: FOREX, GOLD, SILVER

Detailed Explanations of the Trading Challenge objectives:

Trading Challenge Period: 30 days
Minimum Trading/Positive Days: 15 days
Maximum Daily Loss: 2.125% or $4,250.00
Maximum Loss: 4.25% or $8,500.00
Min. profit Target to complete the Trading Challenge phase: 5.00% or $10,000.00
– Min. profit target to earn commissions after the challenge phase 5.00%
– Min. profit target to keep an account after the challenge phase 2.5%
Maximum Leverage: 1:100
Risk/Reward Ratio:
Stop Loss Orders: Required
Min. Position Duration: 180 sec
News Events: Not allowed
Closing Open Positions:
– Challenge Account For Weekends
– Funded Account Daily
Maximum Margin Usage:
– Total 5.00% or $10,000.00
– Single Trade 3.00% or $6,000.00

To meet this objective, depending on chosen trading strategy, you must trade at least for 10 to 20 days during the trading period. At least one position must be opened in each of these days.

  • A trading day means a day when at least one trade is executed.
  • If a trade is held over multiple days, the day when the trade was executed is considered as the trading day.

Depending on chosen trading strategy, you must reach 10 to 20 positive days compared to the number of negative days, where a positive day is considered to be such a day where the value of the account balance is higher at 23:59:59 CE(S)T than it was on the same day at 0:00:01 CE(S)T.

This rule can also be called “trader’s daily stop-loss”. According to our rules, depending on your trading strategy and initial account capital size this is set between 1.0625% and 10% from the initial capital value. The rule says that in any moment of the day (CE(S)T – Central European Summer Time), the result of all closed positions in sum with the currently open floating P/Ls (profits/losses) must not hit the determined daily loss limit. The counting formula:

Current daily loss = results of closed positions of this day + result of open positions.

For example, in the case of the Challenge with the initial capital of $100,000, the Max Daily Loss limit is $1250. If you happen to lose $1000 in your closed trades, your account must not decline more than $250 this day. It must also not go -$250 in your open floating losses. The limit is inclusive of commissions and swaps.

Vice versa, if you profit $1000 in one day, then you can afford to lose $2250, but not more than that. Once again, be reminded that your Maximum Daily Loss counts your open trades as well. For example, if in one day, you have closed trades with a loss of $1000 and then you open a new trade that goes into a floating loss of some -$300 but ends up positive in the end, unfortunately, it is already too late. In one moment, your daily loss was -$1300, which is more than the permitted loss of $1250.

Be careful, the Maximum Daily Loss resets at midnight CE(S)T! Let’s say that one day you had a profit of $1500. On the same day, you have an open position with a currently floating loss of $2000. On this day, the maximum daily loss is not violated. The current daily loss is $500. ( $1500 closed profit – $2000 open position). However, if you hold this position with the open loss of $2000 after midnight, the daily loss limit will be violated. This is because your previous day profit doesn’t count towards a new day and the open loss of $2000 exceeds the max daily permitted loss of $1250.

The size of the Maximum Daily Loss gives trader enough space for trading and it guarantees a clearly defined daily risk to the investor. Both the trader and investor benefit from this rule as the account value will not drop below the limit. That’s also why Maximum Daily Loss limit includes your possible floating losses.

This rule can also be called “account stop-loss”. Maximum Loss is the difference between your highest recorded balance and your current equity.

Depending on your initial account capital size and chosen trading strategy the difference between highest recorded balance and subsequent lowest equity cannot reach below 2.125% – 20.00%.

For example if the maximum loss is 5%, here is the formula for Maximum Loss calculation:

Current Equity / Highest Recorded Balance x 100% = must be over 95% at all times.

Depending on chosen trading strategy the minimum profit target is set between 2.5% to 10% of the initial balance. Profit target means that a trader reaches a profit of at least 2.5% to 10% of the initial account balance in the sum of closed positions on the assigned trading account in 30 trading days. Also, at the end of the trading period, all positions must be closed.

For example: If you trade Challenge with $100,000 capital + low risk strategy targeting min. 2.5% month = your profit target is $2,500.

Minimum position duration is 3 minutes (180 seconds). Scalping is not allowed.

Maximum allowed total and single trade margin usage dependence on chosen initial capital size, trading strategy and your proved trading performance/history.

Traders are not allowed to coordinate their trades with third parties or otherwise copy their trading signals from a third party. Fidelcrest shall have
the right to deem that Traders coordinate or copy their trades if several trades with the same instruments in the same direction are made within one minute of each other.

The Signal Provider is not allowed to provide trading signals from Signal Provider Account in any format (digitally or manually) to third parties or other Accounts without Fidelcrest approval.

Based on your individual trading methods, it is possible to be granted an exception, however, exceptions are granted only after an interview with our Risk Management team. Without such granted exception(s), traders who take unreasonable risk may face termination of our relationship.

Traders are allowed to trade multiple challenge accounts at the same time, though the maximum available initial capital is USD 200,000 per trader/entity.

All orders are required to have stop-loss and take-profit parameters.

Your trading strategy in the challenge phase must be consistent during the whole trading period.  Your trading must demonstrate that your strategy works in the long term and is not based on pure luck.

Effective for accounts purchased before 15th of May 2020

Terms of Use: 23th of March 2020

These Objectives are valid and effective as of the 15 of May 2020.


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Other Medium Risk ProFx Account Sizes:

25,000 USD Initial Capital

$375one-off
  • Trading Period – 30 trading days
  • Min. Trading Days – 15
  • Positive Days – 15
  • Max. Daily Loss: $812.5
  • Max. Loss – $1,875
  • Profit Target – $1,250
  • COMMISSIONS
  • FULL PROGRAM

50,000 USD Initial Capital

$449one-off
  • Trading Period – 30 trading days
  • Min. Trading Days – 15
  • Positive Days – 15
  • Max. Daily Loss – $1,562,5
  • Max. Loss – $3,125
  • Profit Target – $2,500
  • COMMISSIONS
  • FULL PROGRAM

100,000 USD Initial Capital

$649one-off
  • Trading Period – 30 trading days
  • Min. Trading Days – 15
  • Positive Days – 15
  • Max. Daily Loss – $2,500
  • Max. Loss – $5,000
  • Profit Target – $5,000
  • COMMISSIONS
  • FULL PROGRAM

200,000 USD Initial Capital

$999one-off
  • Trading Period – 30 trading days
  • Min. Trading Days – 15
  • Positive Days – 15
  • Max. Daily Loss: $4,250
  • Max. Loss – $8.500
  • Profit Target – $10,000
  • COMMISSIONS
  • FULL PROGRAM

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