Aquafunded One Phase Challenge Details and Rules Explained

The Aquafunded One Phase Challenge is a prominent trading challenge designed to test traders’ abilities in a single phase. It stands out due to its unique structure and the opportunities it offers for scaling and profit. Understanding the detailed rules and pricing structure of this challenge can be the key to succeeding and making the most of it. In this article, we’ll explore every aspect of the One Phase Challenge to provide you with a comprehensive guide.

Challenge Name

What is the One Phase Challenge?

The One Phase Challenge is a trading test where participants aim to achieve a specific profit target without the usual multi-phase structure. It simplifies the process by focusing on a single stage, making it a straightforward yet challenging test of trading skills.

Pricing Structure

Account Sizes and Costs

The pricing for the One Phase Challenge varies based on the account size. Here’s a breakdown:

• $5,000 account: $42
• $10,000 account: $72
• $25,000 account: $147
• $50,000 account: $222
• $100,000 account: $372

• $200,000 account: $747

   

Comparative Analysis of Different Sizes

Choosing the right account size depends on your trading strategy and financial capacity. Larger accounts offer more leverage but also come with higher costs. Smaller accounts are more affordable but might limit your trading opportunities.

Drawdown Type

Balance-Based Drawdown Explained

The challenge employs a balance-based drawdown system, meaning the drawdown limit is based on the account balance rather than equity. This type of drawdown is crucial for managing risk and ensuring that traders do not incur excessive losses.

Importance of Drawdown in Risk Management

Understanding and managing drawdown is vital. It helps in maintaining financial stability and avoiding significant losses that could jeopardize your trading career.

Trading Allowed and Restrictions

Copy Trading

Is Copy Trading Allowed?

Yes, copy trading is allowed in the Aquafunded One Phase Challenge. This means you can replicate the trades of other successful traders, which can be particularly useful if you’re looking to leverage their expertise.

Benefits of Copy Trading in Challenges

Copy trading can provide valuable insights and strategies from experienced traders. It also helps in maintaining consistency and potentially achieving better results in the challenge.

EA (Expert Advisors) Allowed

What are EAs?

Expert Advisors (EAs) are automated trading systems that execute trades based on pre-set algorithms. They can be highly beneficial for managing trades and implementing complex strategies.

How EAs Can Influence Your Performance

Using EAs can enhance your trading efficiency and consistency. However, it’s essential to ensure that your EAs are properly configured to align with the challenge’s rules and your trading goals.

News Trading

Definition and Scope

News trading involves making trades based on news events and economic announcements. This approach can be profitable but also risky due to the volatility often associated with news releases.

Impact of News Trading on Your Challenge

News trading can provide opportunities to capitalize on market movements but requires careful analysis and timing. It’s important to integrate news trading strategies effectively within the challenge parameters.

Profit Target

Achieving the 9% Profit Target

To succeed in the One Phase Challenge, you need to achieve a 9% profit. This target is a significant milestone and requires strategic planning and disciplined trading.

Strategies to Reach Your Target

Effective strategies include risk management, setting realistic goals, and using technical and fundamental analysis to guide your trading decisions.

Payout Period

Duration of the Payout Period

The payout period for the challenge is 14 days. This is the timeframe within which traders can expect to receive their profits after completing the challenge.

Importance of Timely Payouts

Timely payouts are crucial for maintaining liquidity and managing your trading capital effectively. Ensure you adhere to all challenge requirements to avoid delays in payouts.

Scaling Rules

How Scaling Works

Upon achieving a 9% profit, traders can scale their accounts by 25% of the initial balance if they reach a 12% profit within three months. This scaling allows for increased trading capacity and potential returns.

Requirements for Scaling Up

To qualify for scaling, you must adhere to all challenge rules, including maintaining risk management standards and achieving the required profit targets.

Conditions for Success

Risk Management Rules

Adhering to risk management rules is crucial. This includes a maximum daily loss of 3% and a total loss limit of 6%. Proper risk management helps in preserving capital and avoiding substantial losses.

Compliance with Challenge Requirements

Ensure that you follow all challenge conditions, including trading rules, profit targets, and risk management guidelines, to successfully complete the challenge and progress to the next phase.

Coupon and Discount

Available Discounts

A 20% discount is available on challenge pricing, which can significantly reduce your initial investment. Utilizing coupons and discounts effectively can make the challenge more affordable.

Conclusion

The Aquafunded One Phase Challenge offers a straightforward yet rigorous test for traders. With a clear focus on achieving a 9% profit target and the potential for account scaling, it provides ample opportunity for skilled traders to demonstrate their abilities. Understanding the detailed rules, pricing, and conditions is essential for success. Whether you’re a seasoned trader or new to challenges, this guide aims to equip you with the knowledge needed to excel in the One Phase Challenge.