Every Monevis challenge has a requirement of 5 minimum trading days passed. Trading day is a day during which trader opened trade.
When is trade eligible to be counted?
In order to maintain stability of every strategy trade needs to meet 1 of the next criteria to be calculated in the minimum trading days rule. This allows us to evaluate only traders with the consistent strategies.
In order the trade to be counted into trading days it needs to meet at least (1) of the following critera:
Trade duration was over 72 hours (for swing traders)
Trade profit or loss was 0.5% from the initial balance (for scalpers)
Trade lots were at least +-35% from your average lots per trade opened on your account
Are profits counted from all trades?
Absolutely. Every trade counts toward your final drawdown or profit. Non eligible trades are just excluded from the trading rule but you still get all the profits on the trades outside of this rule.
How are average lots calculated?
In order to calculate the consistent range of your trades, our systems take the average opened lots on your account per trade and make a range that consists 35% deviation from this point.
Example
Trade - 10 Lots
Trade - 12 Lots (Maximum lot)
Trade 5 Lots
At this point your account has average (10 + 12 + 5) / 3 = 9 Lot
35% from the 9 Lot = 3.15
Lower bound = 9 - 3.15 = 5.85 Lot
Upper bound = 12 + 3.15 = 15.15 Lot
In this situation your next trade must be opened between 5.85 and 12.15 lots to be counted.