Daily Max Profit (Consistency trading rule)

OANDA Prop Trader has Daily Max Profit or Consistency Rules during the 2 step assessment phases (Challenges). This rule does not apply once a Prop Trading account is allocated and the Trader becomes a Signal Provider.  The rules during the assessment phases are designed to foster stable and sustainable profits while adeptly managing risks. 

We are looking for profitable traders who can deliver consistent and steady results with proper risk and money management controls. Relying on occasional big wins on the back of a handful number of trades during volatile markets could be a result of pure luck and not consistent. It's all about building habits for long-term success. By avoiding unnecessary risks, you maintain steady growth, leading to better financial outcomes and a more stable trading journey.

During the 2 assessment phases, we follow: 

5k to 200k: 

Phase 1: 2% daily max profit 

Phase 2: 2% daily max profit  

500k: 

Phase 1: 5% daily max profit 

Phase 2: 2% daily max profit  

If an account reaches the max profit during a particular day, all positions will be closed and profit and loss carried from all open positions will be realized on the account. Trading on the account will be disabled until the next day. 

You can check the Max Daily Profit level from the Dashboard