Complete breakdown of all evaluation phases and trading rules
Understanding FundedNext's rules is the difference between passing and failing. Below is every rule across all 2 phases, with tips on how PropJournal helps you stay compliant.
| Phase | Daily Loss | Max Drawdown | DD Type | Profit Target | Min Days | Consistency |
|---|---|---|---|---|---|---|
| Evaluation | 5% | 10% | Balance-based | 10% / 5% | 5 | 30% max single day |
| Express | 5% | 10% | Balance-based | 25% | 10 | None |
FundedNext sets a 5% daily loss limit calculated using balance-based methodology. Exceeding this on any single day results in immediate account termination. PropJournal sends alerts at 70% and 90% of your daily limit.
The overall max drawdown is 10% (Balance-based). This is calculated from your initial balance and does not trail your equity high.
Evaluation: 10% / 5%. Express: 25%. PropJournal shows your progress toward the target with a visual tracker and estimated completion date based on your current pace.
Consistency requirement: 30% max single day. PropJournal calculates your consistency score daily and warns you if a trade would put you out of compliance.
PropJournal monitors every rule above in real-time and alerts you before violations. Free to start, no credit card required.
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