FunderPro’s Consistency Rule aims to help you achieve stable and sustainable profits while effectively managing risk.
The rule states that the profits of your best trading day should be no more than 45% of your total profits.
The Consistency Rule
is enforced during all Phases of every FunderPro Funded Challenge. It does not apply to live Funded Accounts.
Let’s dive deeper into the Consistency Rule, with concrete examples and tips on how to leverage it to become a more profitable trader.
Consistency Rule Explained
FunderPro’s Consistency Rule is designed to ensure that traders build consistent profits and avoid the pitfalls of emotion-based trading. By keeping your most profitable day below 45% of your total profits, you can better balance your RRR (risk-reward ratio) and develop a more sustainable trading strategy. This rule also helps FunderPro find the best pro traders to fund.
How Is the Consistency Rule Applied?
At FunderPro, one of our trading experts evaluates every Phase of every Challenge manually once it’s passed. They will be in touch with you to confirm whether you have complied with the Consistency Rule.
An Example of Consistency Rule Applied
Consider a $25,000 account with a profit target of $2,000 (8%). The daily profit should never exceed $900, or 45% of total profits.
Scenario:
• You hit your target and make a total profit of $2,000.
• You make a $1,200 profit in one day.
Result: You don’t pass the Challenge.
Solution:
• Devise a strategy that doesn’t allow you to go over a $900 daily profit.
• Reach a total profit of $2,000.
Result: You pass the Challenge because you proved you can be consistently profitable without relying on big lucky trades that are high-risk.
How the Consistency Rule Helps You Become More Profitable
Avoiding the temptation of a hefty single-day profit—but rather achieving profitability over time—is not only needed to pass the Funded Account Challenge, but also helps you develop long-term habits for success. You will avoid excessive risk-taking and keep on a steady growth trajectory. This approach ultimately leads to better financial outcomes and a more stable trading career.
At FunderPro, we want to help you succeed. This is why
we give you unlimited time to pass your Challenge, effectively eliminating the need to take big risks and overtrade to achieve the profit target within a limited time frame.
Tips and Tricks to Satisfy the Consistency Rule
Mastering the Consistency Rule is crucial for passing the Funded Account Challenge and building a sustainable trading career. The following tips and tricks will help you adhere to the rule and manage risk effectively. By implementing these strategies, you can unlock your full potential as a trader and achieve long-term success.
Plan Your Trades
Take the time to plan your trades and set up profit targets below the 45% threshold. This will help you keep consistency and avoid impulsive decisions. Also remember that with FunderPro you have unlimited time to win your challenge, so take it easy!
Manage Risk Effectively
Implement proper risk management techniques, such as setting stop-loss orders and diversifying your portfolio. This can help prevent significant losses and keep your profits consistent.
To set take-profit and
stop-loss orders efficiently and seamlessly, you can check out
TradeLocker, our new trading platform built on the popular charting software TradingView.
Learn from Your Mistakes and Keep a Journal
Record all your trades and continuously evaluate your trading performance; most importantly, learn from your mistakes. Understanding the factors that led to inconsistent results can help you improve your trading strategy over time.
Also, don’t panic. If you have a bad day, don’t let the urge to make up for it control your trading decisions. Relax, take a step back, and try to understand what went wrong and why.
You can join our Discord channel to share your experiences and exchange feedback and ideas with other traders.
Stay Disciplined
Maintain discipline in your trading approach and stick to your strategy. There is no point in planning if you let emotions get the best of you.
Conclusions
The Consistency Rule is an essential aspect of FunderPro’s Funded Account Challenge. It both encourages traders to hone their skills and helps the company discover the most promising trading talents. By following the Rule and implementing the tips and tricks mentioned above, you can reach your goals and start a successful trading career.
Ready to trade consistently? Sign Up Now.Â