Our 2-Step evaluation has two phases, and there is no time limit for either phase. Our 1-Step evaluation also has a single phase, and there is no time limit for that phase either.
If you have any questions about our Inactivity rule, virtual maximum loss, or virtual profit targets, please contact our support team by email at help@myflashfunding.com or through Virtual Chat. We will be happy to assist you.
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Virtual Profit Targets
2-Step Evaluation
Phase 1: 6% virtual profit target
Phase 2: 6% virtual profit target
1-Step Evaluation
One-Phase: 10% virtual profit target
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Virtual Daily Loss and Maximum Total Loss Parameters
2-Step Evaluation
Virtual Daily Loss: 4% Equity/Balance based
Virtual Max Total Loss: 8% Based on balance/equity of initial demo account balance
1-Step Evaluation
Virtual Daily Loss: 4% Equity/Balance based
Virtual Max Total Loss: 6% Calculated by measuring the difference between your highest recorded virtual Balance/Equity
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Minimum Simulated Trading Days
2-Step Evaluation: 0 minimum days
2-Step Evaluation 0 minimum days
Phase 1 to Phase 2 Transition Times
2-Step Evaluation: 12 hours
1-Step Evaluation: N/A
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Simulated Drawdown Reset Time
The simulated maximum daily loss is reset every day at 4:00 PM CDT. To avoid any technical issues, we recommend that simulated traders do not execute trades between 3:55 PM and 4:05 PM CDT, when the drawdown is being reset. Once your last simulated balance or equity (whichever is higher) is pulled for the trading day, your dashboard will update with your new simulated daily breach level. This is the amount that your account's simulated equity must stay above in order to avoid being breached.