The EverBlue Trader 2-Step Challenge evaluates consistency and trading skill over two phases using simulated capital. Key rules include:
Phase 1: Profit target 8%, daily drawdown 5%, overall drawdown 10%, leverage up to 1:100, minimum 5 trading days.
Phase 2: Profit target 5%, same drawdown and leverage rules, minimum 5 trading days.
6 Minute rule. Please refer to this article for more info regarding the 6-minute rule. For a detailed breakdown of the rules read this article.
Following these rules ensures fair evaluation and prepares you for a funded simulated account.