A profitable day is defined as any day on which the closed positions made a positive profit of at least 0.5% of the initial balance.
The positive profit is calculated as follows:
Minimum(Midnight Balance, Midnight Equity) - Previous Day Balance.
The "3 Profitable Days" rule will take effect on December 15, 2024, replacing the current "Minimal 3 Trading Days" rule across all ProTrader and StartTrader evaluation phases.
Under this updated rule, customers must achieve three profitable days on their Fintokei demo evaluation accounts, in addition to meeting the Profit Targets for each phase, to qualify for an account upgrade to the next Phase.
This rule will also apply to the Virtually Funded stages of ProTrader and StartTrader programs. Customers must meet the 3 Profitable Days requirement before submitting each Performance Reward requests.
Example:
Let’s illustrate this with an example using a ProTrader account with an initial balance of 100,000 EUR, where 0.5% of the starting balance equals 500 EUR. Simply put, to meet the condition and count one profitable day, you would need to achieve a daily profit of at least 500 EUR by the end of the trading day. Once achieved, you can mark one profitable day as completed, with two more to go.
Shall we continue with an example? Let’s do so. Imagine the previous day’s Previous day balance was 103,200 EUR. At the start of the new trading day, you were charged swaps for holding multiple positions overnight. During the day, you closed those positions at a profit, bringing your current balance to 103,900 EUR. If you leave your account untouched for the rest of the day, you will have achieved a profitable day, as your balance increased by 0.7% compared to the previous Previous day balance—exceeding the required 0.5%.
However, if you continue trading actively but end the day with a balance below 103,700 EUR (calculated as 103,200 EUR + 500 EUR), this day will not qualify as a profitable day.
To complete the example, let’s assume you achieved a profitable day with an Midnight balance of 103,900 EUR. This means the following day will begin with a starting Previous day balance of 103,900 EUR. For the next day to also qualify as a profitable day, your goal would be to end the day with a Midnight balance of at least 104,400 EUR (103,900 EUR + 500 EUR).
Remember, that your Midnight Balance is equal to Midnight equity only when you do not hold the trades open overnight. Should you keep positions open overnight, the system will take into the consideration the value of Minimum(Midnight Balance, Midnight Equity).