The below steps will guide you on how to meet all the requirements set for the challenge on EnviFX:
Step-by-Step Guide on how to meet all the requirements included in each stage of the challenge:
Stage 1
- 10% Profit
- Timeframe: Unlimited
- Minimum 10 days of trading
- Daily Loss/Drawdown (Equity) of 6%
- Maximum Overall Loss of 12%
- Duration: Unlimited
Stage 2
- 8% Profit
- Timeframe: Unlimited
- Minimum 10 days of trading
- Daily Loss/Drawdown (Equity) of 6%
- Maximum Overall Loss of 12%
- Follow the consistency rule
- Duration: Unlimited
You can check the highest profit rate on your Dashboard to meet the consistency rule.
The profits earned in a single trading day must not exceed 50% of the overall profit earned. This parameter demonstrates you're a trader capable of generating consistent profits while managing risk efficiently, and not relying on pure luck. If your best trading day is equal to or higher than 50% of your overall profits earned, you must keep on trading until your best trading day percentage is below 50%.
Please note that EnviFX does not allow the use of HFT.
High-Frequency Trading (HFT): Using advanced computer algorithms and high-speed telecommunications networks to execute large numbers of trades in fractions of a second can lead to market manipulation, unfair advantages, and market instability.
