Profit Targets:
To qualify as a funded trader with Dunomik, you must achieve specific profit targets in our evaluation challenges.
- Phase 1: You need to achieve an 8% profit on the initial account balance.
- Phase 2: You must reach a 4% profit on the initial account balance.
For example, if your challenge is with a $100,000 account, you need to generate $8,000 in closed profits for Phase 1 and $4,000 in closed profits for Phase 2, without holding any open trades, to advance to the funded account.
Once you complete both evaluation phases, you will receive your funded account and can trade with it following all rules established by Dunomik.
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.
- This 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.