Trading Objectives
MFA Trading Objectives
Get familiar with the key rules that apply in every trading phase and on your MFA account
Profit target
The profit target is the minimum simulated profit from closed positions on the assigned account that you must reach in order to advance to the next phase.
The simulated profit to be achieved in the 1-phase MFA Challenge is 8% of the initial simulated capital.
All positions must be closed before the profit target can be verified.
Daily loss limit
The daily loss limit is the limit below which equity (including open positions, commissions and swaps) must not fall at any time. If equity falls below the limit, the rule is considered breached.
The limit is recalculated every day at midnight Central European Time (CET) using the formula “account balance at midnight Central European Time (CET) of the previous day – 3.5%”.
On the first day, the account balance used to calculate the limit is the initial simulated capital.
The limit can rise and fall.
Max loss
The max loss limit is the boundary below which equity (including open positions, commissions and swaps) must not fall at any time. If equity falls below this limit, the rule is considered breached.
The maximum loss amount is 10% of the initial simulated capital.
