EVL · RULES EVL.1–EVL.4
Evaluation Objectives
EVL.1
Profit Targets
EVL.1.1 What a Profit Target is.
The gain, as a percentage of your initial balance, needed to pass an Evaluation phase.
EVL.1.2 Targets by model.
2-Step Pro and 2-Step Prime: 8% in Phase 1, then 5% in Phase 2.
1-Step Prime: 10%.
2-Step Fly : 8% in Phase 1, then 8% in Phase 2.
1-Step Fly: 10% in Phase 1
The Direct Model: none — there is no profit target.
EVL.1.3 Stay within the rules.
Targets must be reached while staying inside every drawdown and risk rule in the RISK book
Example
On a USD 100,000 2-Step Pro account, the targets are USD 8,000 (Phase 1) and USD 5,000 (Phase 2). On a USD 100,000 1-Step Prime, the target is USD 10,000. On a USD 100,000 2-Step Fly account, the targets are USD 8,000 (Phase 1) and USD 8,000 (Phase 2).
EVL.2
Minimum Trading Days & What Counts as a Trading Day
EVL.2.1 Minimums by account type
2-Step Pro: 2 days per phase. 1-Step Prime: 2 days. 2-Step Prime: 3 days per phase. 2-Step Fly: 3 days in Phase 1; no minimum in Phase 2. For 1-Step Fly and Direct Model: none.
EVL.2.2 What counts as a trading day
A calendar day on which you open at least one trade. Closing a trade, moving a stop-loss or take-profit, or placing a pending order does not count by itself.
EVL.2.3 Overnight holding
Fully allowed on all Challenge and Hola Prime (Sim. Funded) Accounts, so multi-day positions are fine (subject to the weekend rules in MKT.2).
Example
A trade opened on Monday and another opened on Tuesday satisfies a 2-day minimum. For a 3-day minimum, you also need a trade opened on a third, separate calendar day.
EVL.3
Progression to the Funded Account
EVL.3.1 Risk review
When you reach the target in your final phase, the Risk Team reviews your entire challenge for rule compliance. On 2-Step Fly and 1-Step Fly the review can take up to 24 business hours (ACC.5.4).
EVL.3.2 KYC & agreement
Before the Funded Account is issued you must complete and pass KYC and sign the Agreement. KYC verification is mandatory. Failure to complete or to pass the required KYC verification results in closure of the applicable account(s) and the associated trader profile, with no eligibility for a refund of any fees paid. (ACC.2).
EVL.3.3 When your cycle starts
A trading cycle starts with your first trade — not when the account is issued. This applies to both Challenge and Funded Accounts.
EVL.4
Consistency Rule (1-Step Fly & 2-Step Fly)
EVL.4.1 The rule.
A 40% Consistency Rule applies to both challenges. For the 1-Step Fly Challenge, the rule applies when passing Phase 1. For the 2-Step Fly Challenge, it applies when passing Phase 2. Your biggest winning day cannot exceed 40% of your total account profit when you reach the applicable profit target.
EVL.4.2 The formula.
Consistency Score (%) = (Biggest Winning Day ÷ Current Total Account Profit) × 100.
EVL.4.3 If your score is too high.
Keep trading until your Consistency Score falls to 40% or lower. There is no consistency requirement in Phase 1 of the 2-Step Fly Challenge.
EVL.4.4 Sim. Funded Account.
A 40% Consistency Rule also applies to the Sim. Funded Account if you opt for the On-Demand Payout Cycle.
