If you're a trader looking for a new challenge, the Maven 1-Step Challenge could be just what you need. It’s designed to test your trading skills in a single step. In this article, we'll break down the details and rules of the Maven One Phase Challenge so you can understand what to expect and how to succeed.

What Is the Maven 1-Step Challenge?

Maven Trading’s 1-Step Challenge is a straightforward way for traders to prove their skills. Unlike other challenges that have multiple steps, this one only has one phase. This makes it simpler and allows you to focus entirely on your trading without worrying about different stages.

Trading Platforms You Can Use

When you join the Maven 1-Step Challenge, you’ll need to choose a trading platform. Maven Trading offers two options:

• MatchTrader
• cTrader

Both platforms are great, but they cater to different styles. MatchTrader is user-friendly and has advanced charting tools, making it perfect for traders who prefer a simple trading experience. cTrader, on the other hand, is packed with powerful features for more detailed market analysis. You can pick whichever one suits your trading style best.

Profit Target: What You Need to Achieve

To pass the Maven 1-Step Challenge, you need to reach a profit target of 8%. This target is based on the starting balance of your account, so it stays the same no matter how big or small your account is.

How the Profit Target Works

For example, if you start with a $10,000 account, you’ll need to make $800 in profit to pass the challenge. While this might sound simple, it takes careful trading and a good strategy to reach this goal without breaking any of the rules about drawdowns.

Understanding Drawdown Limits

Drawdown is all about how much your account balance can drop before you fail the challenge. Maven Trading has two main drawdown limits:

• Overall Drawdown: 5% Trailing
• Daily Drawdown: 3% Equity-Based

Overall Drawdown: 5% Trailing

The overall drawdown limit is 5% of your account’s highest balance. It’s a trailing drawdown because it follows your account as it grows.

Example: If you start with $1,000, your trailing max drawdown is $50. If your balance goes up to $1,100, your new trailing max drawdown will be 5% of $1,100, which is $55. So, if your balance drops below $1,045, you would fail the challenge.

Daily Drawdown: 3% Equity-Based

The daily drawdown is set at 3% of your account’s highest balance by the end of each trading day. This limit recalculates every day based on your equity, which includes both open and closed trades. If you’re in profit, you’re safe, but losing trades can reduce the room you have before hitting the 3% limit.

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No Time Pressure: Trading Day Limits

One great thing about the Maven 1-Step Challenge is that there’s no time pressure.

• Maximum Trading Days: There’s no limit. You can take as long as you need to reach the profit target.
• Minimum Trading Days: There’s no minimum either. If you hit the 8% profit target on your first day, you’re done!

This flexibility allows you to trade at your own pace without worrying about deadlines.

Holding Trades Overnight and Over the Weekend

With Maven Trading, you can hold your trades overnight and even over the weekend. This is especially useful for swing traders who like to keep positions open for several days. You won’t have to close your trades on Friday—just let them run as long as you need.

Swap-Free Accounts for Islamic Traders

Maven Trading also offers swap-free accounts, which don’t involve paying or receiving interest on overnight trades. This is great for traders who follow Islamic finance principles, ensuring that everyone can take part in the challenge.

Conclusion

The Maven 1-Step Challenge is a great opportunity for traders to show their skills. With clear rules, flexible trading days, and swap-free accounts, it’s a challenge that suits traders of all levels. By following the tips in this article, you’ll have a better chance of passing the challenge and proving your trading ability.