Add plans for a challenge
Last updated
Last updated
You can add one or more plans for your trading challenge. A plan includes the main challenge parameters, such as whether it’s paid or free, the initial account balance, and the currency in which prop challenge accounts are denominated.
To add a plan:
Go to Prop trading > Challenges list.
Select the challenge and click Edit.
On the Edit challenge page, go to the Plans tab.
Click +Add Plan.
The added plan is assigned an ID that can be modified. Configure plan parameters, by filling in the following fields:
In the Product field, select the product that you want to use for the challenge (for details, refer to Create a product).
In the Type dropdown, select:
FREE – to set up a trial challenge intended for client training. These challenges use demo accounts, allowing clients to participate without charge.
PAID – to set up a real challenge using live trading accounts. Participation in such challenges requires payment, though participation fees can be refunded upon successful challenge completion.
If you selected the paid type, enter the amount that clients must pay for participation in the challenge in the Fee field.
In the Balance field, enter the initial amount provided to participants for trading within the challenge.
In the Deposit Currency dropdown, select the currency in which the initial balance amount is specified. Trading accounts for the challenge will also be denominated in this currency.
In the Fee Currency dropdown, select the currency in which the participation fee is specified. Clients can make payments from their wallets denominated in the selected currency.
You can create a one-step challenge or include more steps in your challenge.
In multistep changes, clients must achieve the goals of each step before proceeding to the next step. This sequential approach ensures participants steadily advance through the challenge, meeting objectives as they progress until completion. If a participant fails a step, that participant is disqualified and can’t proceed to the next steps.
For each step, specify the requirements that must be met by participants on their accounts that will be created for a challenge:
In the Duration (days) field, enter the number of days within which a client must achieve the objectives of the step.
In the Min trade days field, specify the minimum number of active trading days. A day is considered active if at least one trade has been executed.
In the Max Daily Loss field, enter the maximum allowed loss per day.
In the Max Loss field, enter the maximum allowed loss for the entire step period.
In the Profit Target field, specify the profit amount that must be achieved by the end of the step.
For example, if you want clients participating in the challenge to earn a profit of 500 USD on their prop challenge accounts, enter 500 in the Profit Target field.
To determine if the profit target has been achieved on a prop challenge account, the value specified in the Profit Target field is compared to the sum of Realized PnL and Floating PnL on that account. Once the sum of these values equals the profit target, it is considered successfully achieved.
Loss limits and the profit target are specified in the currency selected in the Deposit currency field.
In the dropdown named Disqualify account if daily limit loss reached, select:
Yes – to disqualify a participant if the specified daily loss limit is reached. In this case, the challenge is failed by the participant.
No – to temporarily block the participant's account until the end of the day. In this case, the account will be unblocked on the next trading day, allowing the challenge to proceed.
To add another step, click Add Step and configure the step requirements.
Once all challenge parameters are configured, click Save to apply the changes.
You can modify challenge parameters after the challenge has been created (for details, refer to Modify a challenge).
