What is the AquaMan Challenge?
The AquaMan Challenge is your opportunity to reach a 2% profit target without violating any rules or trading parameters. Complete this challenge, and you’re on your way to being funded!
Limited-Time Availability: AquaMan drops randomly on two weekends per month for a limited time only during that weekend. Stay updated on our website and Discord to ensure you don’t miss your chance to participate!
AquaMan Trading Objectives:
Achieve a 2% profit target on Step 1 without breaking any rules or trading parameters.
Adhere to the trading rules and loss limits.
Upon successfully passing, your entire evaluation period will be reviewed. Congratulations, once the review is a success, you will be a funded Aqua Trader.
Account Violations (Hard Breach)
Hard breach are serious violations to our established rules. A hard breach happens when a trader exceeds the maximum daily loss or total drawdown limit, resulting in the immediate closure of the account. This applies during evaluation and funded.
Max Daily Drawdown – 3% (Trailing)
What is it?
The maximum daily loss limit is 3% of your initial account balance.
How is it calculated?
The daily drawdown is calculated daily at 5 PM EST based on your account balance or equity. Your equity must not drop by more than 3% of your initial account balance in a single trading day.
Example:
For a $100,000 account, the daily drawdown limit is $3,000. If your account balance or equity drops below $97,000, you will exceed your daily loss limit.
Max Total Drawdown – 5% (Trailing)
What is it?
The maximum total drawdown is 5% of your highest recorded account balance, making it a trailing drawdown. This means the drawdown limit increases as your account balance grows but will never exceed 5% of the highest balance reached.
How is it calculated?
The total drawdown is based on your highest account balance. If your balance increases, your drawdown limit also increases, but it will always remain 5% below your highest balance.
Example:
$100,000 account:
If your account reaches $105,000, your new trailing drawdown limit becomes $99,750 (5% below $105,000).
If your account then drops to $103,000, your new trailing drawdown limit will be $97,850 (5% below $103,000).
Consistency Rule
What is it?
The consistency rule ensures steady and sustainable profits. No single trading day can account for 15% or more of your total profits during a payout period.
Example:
If you make $1,500 in one trading day, your total profits must reach at least $10,000 to be eligible to request a payout.
You cannot request a payout until the highest profit day falls below 15% of the total profits for the period.
What Happens if I Violate the 15% Rule?
Will my account be terminated?
No, violating the 15% rule will not result in account termination. However, you will not be able to request a payout until your highest profit trading day falls below 15% of total profits.
✔ What should I do next?
Continue trading and generating profits until your highest profit day falls below the 15% threshold. Once this happens, you will be eligible to request a payout again.
Additional Details
All calculations include closed trade profits/losses, unrealized/floating positions, swap fees, and commissions.
Important Updates:
Please monitor our website or Discord for announcements regarding trading parameters, updates, or system changes.Wave Stop applies to Funded Accounts only
Rewards
Profit Split
Traders receive a 90% profit split as standard. Example: If a trader earns a profit of $5,000 and requests a payout, they will receive $4,500 as their total payout.
Upon checkout you have the option to upgrade with an add on to:
100% PROFIT SPLIT
Reward Cycle
We offer bi-weekly payouts, allowing traders to withdraw their profits every 14 days. Simply request a rewards, and your earnings will be processed accordingly.
Upon checkout you have the option to upgrade with an add on to:
FIRST PAYOUT IN 7 DAYS
Leverage
The account leverage determines the ratio of a trader’s capital to the size of positions they can control.
During the Evaluation Phase:
Forex – 1:100
Indices – 1:20
Commodities – 1:20
Crypto – 1:2
On a Funded Account:
Forex – 1:50
Indices – 1:10
Commodities – 1:10
Crypto – 1:2
Depending on the trader’s risk management, leverage may be increased back to its max.