Be Consistent<\/strong>: Traders must demonstrate consistency by ensuring no single day’s profit exceeds 50% of their total profits and by trading over at least five days\u200b\u200b.<\/li>\n<\/ol>\n\n\n\nTake Profit Trader’s trading rules and objectives ensure traders can manage risk effectively and demonstrate consistent profitability before receiving funded accounts.<\/p>\n\n\n\n
The table below shows the drawdown value, contract size, and profit target for each account size at Take Profit Trader:<\/p>\n\n\n\nAccount Size (Eval)<\/th> Maximum Trailing Drawdown<\/th> Maximum Position Size<\/th> Profit Target<\/th><\/tr><\/thead> $25,000<\/td> $1,500<\/td> 3 contracts (30 micros)<\/td> $1,500 (6%)<\/td><\/tr> $50,000<\/td> $2,000<\/td> 6 contracts (60 micros)<\/td> $3,000 (6%)<\/td><\/tr> $75,000<\/td> $2,500<\/td> 9 contracts (90 micros)<\/td> $4,500 (6%)<\/td><\/tr> $100,000<\/td> $3,000<\/td> 12 contracts (120 micros)<\/td> $6,000 (6%)<\/td><\/tr> $150,000<\/td> $4,500<\/td> 15 contracts (150 micros)<\/td> $9,000 (6%)<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<\/span>How does Take Profit Trader’s EOD Drawdown<\/strong> work?<\/span><\/h3>\n\n\n\nThe End-of-Day (EOD) Drawdown in Take Profit Trader’s system manages risk by tracking the minimum account balance at the end of each trading day. It is calculated based on the highest end-of-day balance achieved, with the minimum account balance trailing this high by a fixed amount, varying according to account size. For instance, a $25,000 account has a $1,500 trailing drawdown, meaning if the highest end-of-day balance is $26,000, the minimum balance is $24,500. This trailing minimum increases as the account balance rises but will not exceed the initial balance. If the account balance drops to or below this trailing minimum, the account is immediately liquidated, ensuring a safety buffer and promoting disciplined trading practices\u200b\u200b\u200b\u200b.<\/p>\n\n\n\n
<\/span>What are Take Profit Trader’s Trading Hours?<\/span><\/h3>\n\n\n\nTake Profit Trader’s approved trading hours for futures are from 6:00 PM Eastern Time to 5:00 PM Eastern Time the following day. All positions must be closed by 5:00 PM Eastern Time to avoid account liquidation. Positions can be re-opened at 6:00 PM Eastern Time and held into the next day, but trades initiated at or after 6:00 PM will count as trades for the following day.<\/p>\n\n\n\n
<\/span>What are Take Profit Trader’s Instruments?<\/span><\/h3>\n\n\n\nTake Profit Trader’s approved trading instruments are primarily futures products listed on the CME, CBOT, NYMEX, and COMEX exchanges. Examples of these products include E-mini S&P 500 (ES), Micro E-mini Nasdaq-100 (MNQ), and crude oil futures (CL). The platform does not support trading in stocks, options, forex, cryptocurrencies, or CFDs\u200b\u200b .<\/p>\n\n\n\n
<\/span>Take Profit Trader uses which trading platforms?<\/span><\/h2>\n\n\n\nTake Profit Trader supports several trading platforms, including NinjaTrader, TradingView, Tradovate, RTrader Pro, Quantower, and MotiveWave. These platforms cater to different trading preferences and offer traders various tools and interfaces. Some platforms are available for free, such as TradingView, Tradovate, NinjaTrader, RTrader, and Quantower, while others, like Agena Trader, Bookmap, Order Flow Trading, ESignal, Investor RT, MotiveWave, Jigsaw Trader, MultiCharts, Photon Trader, Trade Navigator, Q Scalp, and Volfix require a paid license\u200b\u200b\u200b\u200b.<\/p>\n\n\n\n
<\/span>How can I open RTrader Pro and NinjaTrader at the same time and ensure they both receive market data?<\/span><\/h3>\n\n\n\nFollow these step-by-step instructions:<\/p>\n\n\n\n
\nOpen RTrader Pro<\/strong>:\n\nLaunch the RTrader Pro application.<\/li>\n\n\n\n On the login window, enable “Allow Plugins”.<\/li>\n<\/ul>\n<\/li>\n\n\n\n Login to RTrader Pro<\/strong>:\n\nEnter your credentials and log in.<\/li>\n\n\n\n Wait until RTrader Pro has fully opened and connected.<\/li>\n<\/ul>\n<\/li>\n\n\n\n Open NinjaTrader<\/strong>:\n\nLaunch the NinjaTrader application.<\/li>\n<\/ul>\n<\/li>\n\n\n\n Configure NinjaTrader Connection<\/strong>:\n\nGo to “Connections” and select “Configure”.<\/li>\n\n\n\n Find and select your existing connection (or set one up if you haven’t already by following the provided instructions).<\/li>\n\n\n\n Check the box for “Plug-in mode for market data”.<\/li>\n\n\n\n Click “Apply” and then “OK”.<\/li>\n<\/ul>\n<\/li>\n\n\n\n Connect Both Platforms<\/strong>:\n