Phase 1 objective
The account must achieve $2,000 in closed simulated gains to reach an 8% target, subject to other rules.
TRADING RULES • PROPOSED
Great performance begins with clear boundaries.
No vague conditions. Every target, limit and calculation should be understandable before an evaluation begins. This is a draft rules handbook, subject to operating approval.
KEY DEFINITIONS
Understand every percentage.
These worked examples use an illustrative $25,000 ASCEND Two account.
Daily loss cap
A 5% cap equals $1,250. Proposed calculations include both floating and realised P/L and fees, referenced to the agreed daily reset rule.
Maximum loss cap
A 10% static loss limit equals $2,500. The account breaches if equity falls below the $22,500 floor.
PROPOSED FRAMEWORK
The rules at a glance.
The final legally binding trading agreement must specify each formula, market-hour convention and breach treatment.
| Rule | Two-step concept | One-step concept | Explanation |
|---|---|---|---|
| Profit objective | 8% / 5% | 10% | Proposed calculation on closed simulated P/L net of costs |
| Daily loss | 5% | 3% | Equity-sensitive; fixed reference to be defined in contract |
| Maximum loss | 10% static | 6% static | Initial balance minus permitted maximum drawdown |
| Minimum days | 5 per phase | 3 | A qualifying day needs an eligible closed trade |
| Time limit | No fixed limit | No fixed limit | Separate inactivity rule subject to final policy |
| News trading | Under review | Under review | Subject to instrument and platform policies |
| Weekend positions | Under review | Under review | Financing/rollover and session risks to be documented |
| EAs/copy trading | Under review | Under review | Controls for account sharing and prohibited practices needed |
| Reward eligibility | Contract-dependent | Contract-dependent | Not automatically created by reaching evaluation objective |
WORKED EXAMPLES
Visualise the risk guardrails.
Understand how dynamic equity relates to a static overall loss floor in the proposed two-phase product.
Example: daily drawdown
Initial balance $25,000 → daily cap $1,250. A combination of realised and floating losses that reaches the permitted threshold constitutes a breach under the proposed rule. Final daily starting-balance conventions are still being designed.
Fictional illustration • Not a live account
Example: static maximum loss
Initial balance $25,000 → static floor $22,500. If equity falls below that floor at any point, the proposed evaluation fails. A profitable day does not automatically move a static floor upward.
$22,500 breach floor • $25,000 opening balance