Comprehensive Guide to our trading rules. Objectives and trading rules are all designed to offer the greatest experience for our traders. Your Success is our top priority. It's simple, be a consistent and disciplined trader.
Minimum Trading DaysMinimum trading rule is designed to test your intraday trading consistency and eliminate one size betting trades. Our challenges require a minimum 5 trading days on your account. Day is calculated as a trading day when at least 1 trade is being closed during the market session. It is possible to include also include weekends to this calculation when you trade crypto pairs.
Target ProfitOur Monevis Challenge is split to two phase. Each phase should evaluate your trading skill by achieving a certain target profit. In first Phase you have to achieve 10% target profit and in a second Phase you need to reach 5% target profit from your initial balance. Profit is being calculated only from closed trades and it's always excluding comissions.
Maximum Daily LossMaximum Daily Loss rule keeps your risk management strategy consistent by not allowing you to loose more than 5% of your account each day. Threshold is being calculated on 23:05 CEST time and always considers your ending day balance for the next day.
Maximum DrawdownMaximum drawdown rule protects you from risking more than 10% from your initial balance. This level is set once you purchase your challenge from your initial balance and remains same during the whole duration of your challenge.
IP AddressThe region of your IP address(es) used to purchase the Evaluation, log in to our www.monevis.com , Monevis Challenge Phase 1 account , Monevis Challenge Phase 2 trading account and the Master trading account should match. If our Risk Team detects a change in region, they may reach out to you to confirm and request proof. This measure is in place to protect you from third-party vendors. If you anticipate traveling, kindly notify our support team beforehand to keep us informed and prevent interference from our end.
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