Stage 1: OspreyFX Challenge
- 10% Profit in 30 days
- Minimum 10 days of trading
- Daily Loss/Drawdown (Equity) of 5%
- Maximum Overall Loss of 12%
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
Consistency rule explained:
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%.
The daily loss/drawdown is automatically reset at midnight MetaTrader Server time.
MetaTrader Server Time
Due to daylight saving time adjustments, the MetaTrader server time may vary between GMT+2 and GMT+3. You can check the current MetaTrader server time by referring to the display located in the top left corner of your MetaTrader account.
