- Profit Targets:To qualify as a funded trader with Dunomik, you must achieve specific profit targets in our evaluation challenges.
- Phase 1 Profit Target: You need to achieve an 8% profit on the initial account balance. For example, if your challenge is with a $100,000 account, you must generate $8,000 in closed profits to advance to the funded account, without holding any open trades.
Important Rules:
- Daily Loss:
- The daily loss limit is 4% of the initial account balance.
- For instance, with a $100,000 challenge, your daily loss limit will be $4,000.
- The daily loss limit resets at 00:00 UTC.
- Maximum Loss:
- You cannot lose more than 8% of the initial account balance.
- For example, if your initial account is $100,000, you will breach this rule if your balance drops below $92,000.
- As you generate profits, the loss margin adjusts accordingly. If your balance increases to $150,000, you could potentially lose up to $58,000 without violating this rule, always considering the daily loss rule as well.
Remember, violating any of these rules will result in the permanent loss of your account.