Blueberry Funded 2-Step Challenge Explained
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TheTrustedProp
Date: August 15, 2024
The Blueberry Funded 2-Step Challenge is designed to evaluate and support skilled traders. This challenge involves two distinct phases where traders must meet specific profit targets to pass and secure funding. It’s a popular choice among traders because it offers a clear path to funding while testing their trading abilities in a structured environment.
Profit Targets
In the Blueberry Funded 2-Step Challenge, there are two crucial profit targets. During Phase 1, traders must achieve a 10% profit. This initial target sets the stage for your trading performance. Phase 2 requires a lower profit target of 5%. Meeting these targets proves your ability to handle different market conditions and manage risk effectively.
To reach these profit targets, it's essential to have a well-thought-out trading strategy. Focus on consistent performance and risk management to meet these goals without compromising your trading principles.
Daily Drawdown
Daily Drawdown in the Blueberry Funded 2-Step Challenge is set at 5%. Unlike other drawdowns that adjust with your balance, this is a static drawdown. It remains based on your initial balance from the start of the challenge. Managing your daily drawdown is crucial to avoid breaching this limit, which could lead to failing the challenge.
Maximum Drawdown
Max Drawdown is another critical parameter, set at 10%. This static drawdown is a hard limit that you should avoid exceeding. Breaching this max drawdown will result in failure of the challenge. To prevent this, employ careful risk management techniques and ensure your trades are well-calculated.
Minimum and Maximum Trading Days
For the Blueberry Funded 2-Step Challenge, traders must trade a minimum of 3 days. This requirement ensures that traders demonstrate consistent performance over time. However, there is no maximum limit to how long you can take to complete the challenge. This flexibility allows traders to work at their own pace, which can be advantageous in managing trades and market conditions.
Copy Trading
Copy Trading is allowed in the Blueberry Funded 2-Step Challenge, but only for copying your own trades. This rule is designed to maintain the integrity of the challenge and ensure that all trading actions are genuine and reflective of your skills. Utilize this feature to replicate successful trades and enhance your performance.
Payout Frequency
Once you are funded, the payout frequency is set at every 14 days. This means you can access your profit share bi-weekly. Efficiently managing your payouts and reinvestments can significantly impact your overall trading success and profitability.
Profit Share
Blueberry Funded offers an attractive profit share ratio of 80/20. Traders receive 80% of the profits, while Blueberry Funded retains 20%. This favorable split is designed to reward traders for their performance and incentivize consistent profitability.
Leverage
The leverage provided varies by asset class:
- Forex: 1:30
- Index: 1:10
- Metals/Commodities: 1:10
- Crypto: 2:1
Understanding and effectively using leverage is key to optimizing your trading strategy while managing risk. Always use leverage responsibly to avoid potential pitfalls.
News Trading Restrictions
Trading around high-impact news events is restricted. Specifically, traders must avoid trading at least 10 minutes before and after such events. Violating this rule can lead to warnings and, if repeated, account termination. Any profits made during these restricted periods will be removed upon payout. Stay informed about news events and plan your trades accordingly to comply with these restrictions.
Account Sizes
Blueberry Funded offers six account sizes to choose from:
- $5,000
- $10,000
- $25,000
- $50,000
- $100,000
- $200,000
Choosing the right account size depends on your trading strategy and risk tolerance. Each account size comes with its own set of advantages and challenges, so select one that aligns with your trading goals.
Conclusion
The Blueberry Funded 2-Step Challenge is a structured and rewarding opportunity for traders to prove their skills and gain funding. By understanding the profit targets, drawdown limits, and trading rules, you can navigate the challenge effectively and increase your chances of success. Whether you're new to trading or looking to elevate your performance, this challenge provides a clear path to achieving your trading goals.