Here is our scaling plan!
Initial Funded Stage:
Eligibility: Only for traders in the funded stage, not during evaluation.
Initial Balance: Set at the start (e.g., $100,000).
Profit Split: 80% to the trader.
Payout Frequency: First payout after 21 days, then biweekly.
Maximum Drawdown: Defined initially (e.g., 10% of the initial balance).
Balance Increase Stage:
Condition: Every 3 successful payouts.
Balance Increase: 10% after every 3 payouts (e.g., $100,000 becomes $110,000 after 3 payouts, $121,000 after 6 payouts).
Enhanced Profit Split Stage:
Condition: After 5 successful payouts.
New Profit Split: Increases to 90% for the trader.
Increased Payout Frequency Stage:
Condition: After 7 successful payouts.
New Frequency: Weekly payouts (previously biweekly).
Drawdown Increase:
Condition: Alongside balance increase.
Increase: 1% additional total drawdown after every 3 payouts, up to a cap (e.g., from 8%-10% to 14%).
Key Points:
Scaling Limits: Conditional on maintaining performance and adhering to guidelines
Drawdown Cap: A limit on maximum drawdown increase for risk management.
Evolving Parameters: As balance grows, drawdown parameters adapt for larger position management.