What is an evaluation phase?
Quick answer
An evaluation phase is the stage in which a trader must meet a profit target without breaking any rules to qualify for a funded account. One-step programmes have one evaluation phase; two-step programmes have two, usually with a lower target in the second. Each phase is typically a separate account.
Detailed answer
The evaluation is how a firm filters for disciplined, profitable trading.
What a phase includes
- Profit target, such as 8% or 10%.
- Daily loss limit and maximum loss limit.
- Minimum trading days, sometimes.
- Other rules: consistency, lot limits, weekend holding.
Outcomes
- Pass: target met with every rule respected.
- Breach: any loss limit or hard rule broken.
- Still in progress: neither yet.
One-step versus two-step
- One-step: one phase, often with a tighter loss structure.
- Two-step: phase one (higher target), then phase two (lower target), then funded.
Example
Phase one: 8% target, 5% daily and 10% maximum loss, minimum four trading days. The trader reaches 8.2% after six days without breaking a rule, and passes.
On PropExecutor
Each phase is its own account type with its own rule set. The rule engine marks the account passed when every pass condition holds, and the next phase is a new account assigned to the same trader.
PropExecutor team · Updated
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