FOREX KNIGHTS Trading Objectives
Understand every rule and objective of the FOREX KNIGHTS evaluation. Clear targets, transparent conditions, fair trading.
2-Step Objectives at a Glance
| Objective | Value |
|---|---|
| Profit Target | 10% / 5% Phase 1: 10% — Phase 2: 5% |
| Maximum Daily Loss | 5% 5% of initial account balance per day |
| Maximum Loss | 10% 10% of initial account balance overall |
| Minimum Trading Days | 4 days Minimum 4 trading days per phase |
Detailed Explanations
Profit Target
10% / 5%The Profit Target is the minimum profit you need to achieve during the evaluation. It is calculated from your initial account balance. You must reach this target to successfully pass the evaluation phase.
Example: For a $100,000 account with a 10% target, you need to generate $10,000 in profit. In the 2-Step Verification phase (5%), you would need $5,000.
Maximum Daily Loss
5%The Maximum Daily Loss is the maximum amount your account equity can decrease in a single trading day. This includes both realised and unrealised (floating) losses. The daily limit resets at midnight CE(S)T.
Example: On a $100,000 account (2-Step): your daily loss cannot exceed $5,000. If your balance at start of day is $105,000, the limit is still based on the initial $100,000, so max daily loss stays at $5,000.
Maximum Loss
10%The Maximum Loss is the total maximum drawdown your account can reach at any point during the evaluation. This is a hard limit — if your equity drops below this threshold, the evaluation ends.
Example: On a $100,000 account, your equity must never fall below $90,000. This applies across the entire evaluation period, including unrealised P&L.
Minimum Trading Days
4 daysYou must trade on at least 4 separate calendar days to complete each evaluation phase. A trading day is defined as any day on which you open at least one position. This ensures consistency.
Example: If you open trades on Monday, Tuesday, Thursday, and Friday of the same week — that counts as 4 trading days. You can then close the phase if you've also met the profit target.
Additional Rules
No Time Limit
Take as long as you need to reach the profit target. There is no maximum time restriction on either evaluation phase.
Weekend Holding
You are allowed to hold positions over the weekend. However, be aware of potential gaps and increased spreads.
News Trading
Trading during high-impact news events is allowed. Manage your risk carefully during volatile periods.
EA & Algo Trading
Expert Advisors and algorithmic strategies are permitted. Ensure your EA respects all trading objectives.
Ready to Take the Challenge?
Now that you understand the objectives, it's time to prove your skills. Start your FOREX KNIGHTS evaluation today.