![]() ![]() Understanding the maximum Stop Loss LimitĪs you all know, being a trader is about managing risk. In the case of serious negligence, or poor risk management, your account might be closed at our discretion, and you will be expelled from the program. Therefore, you are required to follow his advice diligently. Your risk manager is there to advise, support, and guide you in any way that is beneficial to both of us. You will go back to 2 stages in the program, that is, if you were on stage 4 you will start again on stage 2.įrom stage 2 onward in career plans, and beginning at stage 1 in Elite plans, you will be assigned a personal risk manager that will help you with anything that is necessary to reach your goal/target. Should this happen, you can apply for a new account by paying a reset fee (fees listed at the bottom of this page), dependent on your account size, but not related to your current stage. Your account will be immediately disabled when you hit your max loss allowed. It really doesn’t make sense in our environment where the account size is scaled up after accumulating 10% profit anyway. We don’t want traders to use gained profits to increase the amount of risk they can take. We implemented relative drawdown to create consistency in the risk our trades take and to ensure the safekeeping of profits already earned. So, every month you make a profit and withdraw you also start with a new drawdown. This also resets the maximum drawdown level to 4% of the starting balance. Our 4% hybrid drawdown level works like a combination of a fixed and relative drawdown.Īfter a trader withdraws their profits on the professional live trading stages, the account balance and maximum high are reset to the initial balance (or scaled up). The MAXIMUM HYBRID DRAWDOWN is 4% on our Professional and Expert stages in the Lux Career Plan Funded Trading Program. Then the stop-out level based on the Relative Drawdown would be $102,000 – $5,100 = $96,900. If the starting account balance was $100,000, and at a later time, the trader made a profit of $2,000, bringing the max account balance to $102,000. The losses can never exceed the value of the Maximum Relative Drawdown specified at the start of the Evaluation.įor example, for the $100K Evaluation and Advanced Account stage, the max relative Drawdown is $5,000. The Maximum allowed Relative Draw Down is the highest realized account balance minus 5% and is compared to equity and balance. The MAXIMUM RELATIVE DRAWDOWN is 5% on our Evaluation and Advanced stages in the Lux Career Plan Funded Trading Program. As many of you may know, Institutional traders are risk-averse and generally make excellent trading decisions that lead to profitability and consistency. The transactions will be processed within 3-5 business days.Īt lux Trading Firm, we believe that all traders should get a fair chance to enable them to trade and remain within their risk limit. In the Professional and above stages, the trader can request a withdrawal only once per month. We shall split the profits in a ratio of 75% to the trader and 25% to the Lux Trading Firm. Once you have reached the Professional Account stage, and up, the profit targets are 10% to grow to the next stage (there are no time limits to reach any of our profit targets) The 1 stage evaluation accounts are completely excluded from this refund deal. He will receive another 50% once he passes the advanced stage. Once a trader successfully completes the Evaluation stage, he will receive a refund of 50% of the paid fees. $1MM Special Account – 1 Evaluation stage only – The target for this account $150,000 ![]() $25,000 – Evaluation and Advanced Acc stage – The target for this account is respectively $1,500 and $1,000. $50,000 – Evaluation and Advanced Acc stage – The target for this account is respectively $3,000 and $2,000. $100,000 – Evaluation and Advanced Acc stage – The target for this account is respectively $6,000 and $4,000. $200,000 – Evaluation and Advanced Acc stage–The target for this account is respectively $12,000 and $8,000. What is the Profit Target, and What is the Profit Share?Įvaluation and Advanced stage target according to our different trading models.Īt Lux Trading Firm we have five different accounts: ![]()
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