Alpha Futures Evaluation Account Rules

The profit target to pass the evaluation is 6% with 3 minimum trading days. There is no daily loss limit during the evaluation, and trades must be closed at the end of the trading day (4:59 PM EST).

The maximum loss limit (MLL) is 4% and it trails the account balance at the end of the trading day. Using the $50K evaluation as an example, the MLL starts at $48,000. If the account balance is $50,500 at the end of the day, the MLL on the following day will be $48,500 (which is $2000 from the account balance high) and will not fall below this level. Once the MLL reaches the initial starting balance it won’t continue to trail. Meaning, if your end of day balance reaches $52,000 (+4%) your MLL will now be $50,000 and will remain there for as long as the account remains active.

There is a 50% consistency rule on the evaluation, which means that during the evaluation, profits from one single trading day cannot be larger than 50% of the total profits made. The evaluation cannot be passed until the most profitable trading day makes up for 50% or less of the overall profit on the account. This means that it does not make sense to make more than 50% of the profit target in a single trading day during the evaluation.

The maximum position sizes are 5 contracts for the $50K evaluation, 10 contracts for the $100K evaluation, and 15 contracts for the $150K evaluation.