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Prop Firm Evaluation Challenge

The rule book read line by line, drawdown limits worked out in numbers, a trading plan and stop rule fixed in advance, a daily journal and headroom log, and an honest ledger of what the attempts cost.

Free · Mac (Apple silicon) and Windows · v1.0.0 · Other platforms

Then open the Marketplace in the app, search for Prop Firm Evaluation Challenge, and click Install. It goes into your own files, and works offline from then on.

Before you start: this plan is general information to help you organise your own money decisions. It is not financial, investment, tax or legal advice. Check decisions that matter with a qualified, licensed adviser in your country, and remember that investing and trading can lose money.

What it installs.

1

Pillar

1

Area

50

Projects

200

Starter tasks

🧮 Quantitative Finance & Trading

Prop Firm Evaluation Challenge

Organising a prop-firm evaluation: reading the rule book, daily loss and drawdown limits, a trading plan written in advance, a journal and an honest view of the fees.

  1. Rule book read line by line before paying
  2. Daily loss and drawdown limits in numbers
  3. True cost of an evaluation attempt
  4. Prop firm due diligence shortlist
  5. Challenge trading plan written in advance
  6. Position sizing rule inside the firm's limits
  7. Personal stop rule tighter than the firm's
  8. Platform and order type rehearsal on a free trial
  9. Allowed instruments, news and holding rules
  10. Pre-session checklist for challenge days
  11. Challenge journal with rule-compliance tags
  12. End-of-day drawdown headroom log
  13. Weekly challenge review
  14. Weekly news window and calendar check
  15. Consistency rule tracker
  16. Phase progress board
  17. Monthly evaluation spend ledger
  18. Monthly rule change check
  19. Funded account payout routine
  20. Trailing drawdown mechanics with worked examples
  21. Pass probability simulation from your own trades
  22. Spread and slippage on the firm's feed
  23. Stop placement and trade management drills
  24. Replay rehearsal of a full evaluation
  25. Scripts for near-target and near-limit moments
  26. Futures and forex evaluation differences
  27. Choosing one-step, two-step or direct funding
  28. Account size decision
  29. Reset or walk away rule
  30. Paid add-ons worth taking or skipping
  31. Strategy drawdown fit against firm limits
  32. Rules on multiple accounts and copy trading
  33. Automated strategy permission check
  34. First week of a paid evaluation
  35. Moving from challenge to verification phase
  36. Funded account agreement and identity checks
  37. First payout request
  38. Breach post-mortem
  39. Scaling plan milestone review
  40. Evaluation around a full-time job
  41. Trading from a distant time zone
  42. Short-session plan for a parent
  43. Coming back after repeated failed attempts
  44. Agreeing a spending limit with your household
  45. Deciding whether to attempt an evaluation at all
  46. Payout records for your accountant
  47. Risk across several funded accounts
  48. Firm counterparty risk register
  49. Disputed breach or refused payout file
  50. Yearly verdict on prop evaluations

Where it starts.

Each project arrives with its purpose, milestones and first tasks written out. Here is how the first three read.

Rule book read line by line before paying

Most failed evaluations are lost to a rule the trader never read: a daily loss measured on equity rather than balance, a ban on holding over the weekend, a minimum number of trading days or a consistency clause. Reading the whole rule book and FAQ before paying, and writing every rule in your own words, turns the small print into a checklist you can follow under pressure.

First tasks

  • Download the rule book, FAQ and terms and save them with today's date
  • Rewrite each rule as one plain sentence on a single page
  • Mark the rules you could break without noticing
  • Email support about any rule whose wording is ambiguous

Daily loss and drawdown limits in numbers

Five percent daily loss and ten percent maximum drawdown can mean very different amounts depending on whether it is measured from the starting balance, the day's opening equity or the highest equity reached. Working the limits out as currency figures for your account size, including open trades, removes the guesswork at the moment it matters.

First tasks

  • Find the exact definition and reset time of each loss limit
  • Build a sheet that turns the limits into currency amounts
  • Test the sheet on three example days, one with an open loser
  • Write today's limit and floor on a card by the screen

True cost of an evaluation attempt

The advertised fee is rarely the full price: resets, platform and data fees, monthly subscriptions on some futures evaluations, activation fees for the funded stage and currency conversion all add up. Totting up the full cost of one attempt, and of the three or four attempts many people need, shows what a payout has to clear before you are ahead.

First tasks

  • List every fee on the firm's pricing and FAQ pages
  • Add currency conversion and card charges to the total
  • Work out the payout needed to cover four attempts
  • Write a yearly spending cap and put it in your budget

Make it yours.

Install Prop Firm Evaluation Challenge, then tell Aurum the date you're aiming for. It checks whether the plan fits the weeks you actually have.

Free · Mac (Apple silicon) and Windows · v1.0.0 · Other platforms

Blueprints are general information to help you organise your own work. They are not medical, financial, legal or other professional advice. See the Terms.