Our challenge programs are designed not only to identify skilled traders but also to instill disciplined and consistent trading habits important for long-term success in futures and forex markets.
Our challenge rules are not arbitrary. They are created to assess your trading abilities while strengthening risk management principles. By adhering to these rules and objectives, you demonstrate your ability to consistently execute your trading plan and manage risk effectively.
Here's a breakdown of key challenge rules and objectives you'll encounter in our programs:
1. Profit Target
The profit target is the percentage of profit you need to achieve on your account to advance to the next challenge phase or to reach a SimFi™ performance account. Achieving the profit target demonstrates your ability to maintain a positive risk-to-reward ratio, a key factor in successful trading.
2. Daily Pause
Daily Pause is a protective feature that safeguards your trading account. If your daily loss reaches a predetermined percentage of your starting account balance, your trading will be temporarily paused until the next trading day. This feature aims to prevent you from failing due to a single trading mistake or unforeseen market movements.
3. Profit Cap
This rule is optionable for Model 3, if user decides he would like to switch this rule for Best Day. The daily maximum profit cap is a rule designed to promote steady, consistent trading to prevent restricted trading strategies. It establishes a daily limit on the maximum profit you can achieve, calculated as a percentage of your initial account balance.
The End-of-Day (EOD) Dynamic Drawdown is a dynamic risk management rule that adjusts based on your trading performance. It sets a maximum percentage limit on how far your account balance can fall from your highest achieved balance at the end of each trading day.
5. Best Day Rule
The Best Day Rule encourages consistent and disciplined trading. It measures your ability to steadily generate profits by preventing over-reliance on a single winning day. This rule helps you develop a sustainable trading approach for long-term success.
35% Best day rule on E8 Signature Futures
Since we believe that traders achieve the best results when they are not excessively restricted, E8Markets only prohibits strategies that exploit imperfections of the simulated market and would not be successful in the long term on a real market.
You can trade news without any restrictions (This includes phase-1 and Performance Stage)
8. Profitable Day + Payout policies (Applicable for Performance stages-Simulated Funded)
A profitable day is considered as a day where the realized closed PnL of the day is 0.3% (E8 Signature).
Payout requirements
9. Copy Trading
E8 Markets allows copy trading across all accounts, including SimFi™ challenge accounts, SimFi™ performance accounts or personal accounts, as long as these accounts belong to you.
Every model has max. contract size allowance, you can learn more about the specifications here with the list of instruments available to trade on E8 Futures.
At this moment, Traders using Futures products can have an unlimited number of challenge accounts.
The maximum SimFi™ performance accounts you can have is limited to 5.
