In the world of proprietary trading, challenges are designed to test a trader's skills and grant access to significant trading capital. Among the numerous options available, the Traddoo One Phase Challenge, also known as the 1-Step Challenge, stands out for its simplicity and appealing terms. This article provides a detailed overview of the challenge, from pricing to the specific rules you need to follow.

Challenge Name: 1-Step

The Traddoo One Phase Challenge is structured to streamline the process of becoming a funded trader. Unlike other challenges that may require multiple phases, this challenge has just one step. This straightforward approach allows traders to concentrate all their efforts on meeting the necessary requirements without worrying about additional phases.

Pricing of the Challenge

One of the most attractive features of the Traddoo One Phase Challenge is its flexible pricing structure. The challenge offers a range of account sizes, each with its corresponding fee:

• $5,000 account: $79
• $10,000 account: $139
• $25,000 account: $249
• $50,000 account: $349
• $100,000 account: $549
• $150,000 account: $819
• $200,000 account: $1,099

This variety allows traders to choose a level that best fits their financial situation and confidence in their trading abilities. Although the costs may seem high, the potential rewards of securing a funded account make it a worthwhile investment for many.

Drawdown Type: Equity-Based Drawdown

In this challenge, the drawdown is equity-based, meaning that the loss limit is determined by the equity in your account rather than the balance. This dynamic approach means that your drawdown limit can change as your open trades fluctuate in value. It’s important to monitor this carefully, as a temporary drawdown in a large position could quickly reach the limit, even if the market later moves in your favor.

Copy Trading

Traddoo permits copy trading in their One Phase Challenge, allowing traders to replicate the trades of others. This feature is particularly useful for those looking to diversify their strategy or for less experienced traders who want to mirror more seasoned professionals. However, it’s crucial to ensure that the copied strategy adheres to the challenge’s rules, especially concerning drawdown limits.

Drawdown Limits

Understanding the drawdown limits is critical to success in the Traddoo One Phase Challenge. The challenge imposes two main drawdown limits:

• 7% Overall Drawdown: The maximum total loss you can incur on your account.
• 5% Max Daily Drawdown: The maximum loss you can incur in a single day.

Traders must stay within these limits to avoid failing the challenge. Careful planning and disciplined trading are essential to remain within these parameters.

EA (Expert Advisors) Rules

While Expert Advisors (EAs) are popular in many trading environments, Traddoo does not allow their use in the One Phase Challenge. This rule ensures that all traders are tested on their manual trading skills and decision-making abilities. Traders who rely heavily on EAs will need to adjust their strategies to meet the challenge's requirements.

News Trading

Due to the market volatility during economic news releases, Traddoo has prohibited news trading during the One Phase Challenge. This rule aims to maintain a level playing field and prevent excessive risk-taking. Traders should avoid opening or closing positions around major news events to comply with this rule.

Profit Target

To successfully pass the Traddoo One Phase Challenge, traders must achieve a 14% profit target. Although this target is relatively high, it’s what stands between you and a funded account. Reaching this target requires a solid strategy, disciplined risk management, and a thorough understanding of the markets.

Payout Period

One of the standout features of the Traddoo One Phase Challenge is the daily payout period. Once you’re funded, you can receive your profits daily, providing immediate access to your earnings. This feature is particularly appealing for traders who rely on their trading income for living expenses or who wish to reinvest their profits without delay.

Scaling Rules

Traddoo offers an exciting scaling option for traders who consistently perform well. If you achieve a 10% profit target, you’re eligible for a 50% balance increase every three months. This means that your trading capital can grow significantly over time, allowing you to take larger positions and potentially increase your profits.

Discount Coupon: TRUSTED

To make the challenge even more accessible, Traddoo offers a 7% discount on challenge fees with the coupon code TRUSTED. This discount is particularly beneficial for traders opting for larger account sizes. To use the coupon, simply enter the code at checkout, and the discount will be applied automatically.

Competition Rules

Traddoo also hosts competitions for traders who enjoy a bit of rivalry. The competition ranks are determined by the highest profit percentage achieved, with a minimum requirement of one trading day to ensure active participation. Competitions begin on the day of the month at 12:00 UTC, with a signup deadline before the competition starts. Winners will be contacted via email by a member of Traddoo’s live chat support team to arrange their prize.

Conclusion

The Traddoo One Phase Challenge is an excellent opportunity for traders to showcase their skills and gain access to significant trading capital. With straightforward rules, flexible pricing, and the potential for scaling, it’s an appealing option for traders at all levels. Success in this challenge requires a clear understanding of the rules, disciplined trading, and a well-thought-out strategy. If you’re ready for the challenge, Traddoo offers a platform where your trading talents can truly shine.