Take Profit Trader: How the Evaluation Rules Work
A trader's-eye guide to what a futures evaluation actually grades. Pricing and thresholds change often — always confirm current terms on the firm's own site before you buy.
What you are being graded on
- Profit target — the easy part, and the least important.
- Maximum drawdown — read whether it trails on open equity or settles end-of-day.
- Daily loss limit — the number that should set your position size.
- Minimum trading days — why a two-day sprint usually backfires.
- Consistency — one outsized day can disqualify an otherwise clean pass.
A plan built for those rules
- Setup: VWAP reversal on MES after a 1.5–2.5 ATR extension away from VWAP, 9:45 AM–12:00 PM ET.
- Entry: first 1-minute close back through the prior candle's extreme toward VWAP.
- Stop: rejection candle extreme, or 4 MES points, whichever is tighter.
- Target: half at VWAP (~2R), remainder trailed under 5-minute higher lows.
- Risk sizing: daily loss limit ÷ 5, fixed all evaluation.
- Invalidation: close beyond the rejection extreme, or two chops across a flat VWAP — done for the day.
Session discipline
Stop at two losers or one target hit. Never hold into the close while a trailing drawdown is active. Keep each day under the consistency percentage so the payout survives review.
FAQ
- How is a Take Profit Trader evaluation graded?
- Like most futures prop evaluations: you hit a profit target without breaching the maximum drawdown or the daily loss limit, across a minimum number of trading days. Confirm the current numbers on the firm's own site, since terms change.
- What is the biggest risk in a futures evaluation?
- The drawdown rule, not the profit target. Under a trailing drawdown your loss buffer follows unrealized gains, so giving a winner back can fail the account even on a flat day.
- What risk per trade should I use?
- One fifth of the daily loss limit, fixed for the whole evaluation, so two losers never put the day in jeopardy.
- Can I automate an evaluation account?
- Check the firm's written automation policy first. Rule-based automation on your own machine is commonly permitted; HFT and mass copy-trading generally are not.
Compare firms in the futures prop firm guide, or follow the step-by-step challenge plan.