TigerFunded

1. What is the Profit Target?
Profit Target is the trading objective. If profit target is reached after all positions are closed, you are offered a funded account. 1 STEP CHALLENGE Reach 10% profit target without violating any rules and trading parameters. 2 STEP CHALLENGE Phase 1: Reach 8% profit target without violating any rules and trading parameters. Phase 2: Reach 5% profit target without violating any rules and trading parameters.2. What is the max daily loss?
Max daily loss is based on % of the Initial account balance.We calculate daily drawdown as follows: Upon the 8pm Est day change, we will take the higher figure of either the account balance or account equity and subtract a fixed 5% of the initial balance from the higher value as the daily loss limit for the new day. ‍Example 1: On a 100K Account, if at 5pm EST you have an open trade with a floating profit of $2,000, your account equity will be 102K. With a 5% daily drawdown, the equity cannot drop below $97,000 ($102,000 – $5,000 = $97,000) on the next trading day. ‍Example 2: If on a 100K Account at 5pm EST you have an open trade with a floating loss of -$2,000, your account equity will be $98,000. Because your $100K balance is higher than your $98,000 equity, your daily drawdown limit of $5,000 will be calculated on a $100K balance. This means for the next trading day, the equity cannot drop below $95,000 ($100,000 – $5000 = $95,000). ‍Example 3: If there are no open trades at 5pm EST, the daily drawdown will be 5% of whatever the closed balance is.3. What is Maximum Total Loss?
The Maximum Total Loss is the overall amount a trader can lose on their account. For example on 2 STEP Challenges , the maximum total loss allowed in your account is 8%. Example using a $100,000 account: Max total loss is 8% of your initial balance = $8,000. Your account equity including unrealized/floating positions must not hit/exceed below $92,000.