Failing the Evaluation
Failure in an Evaluation Account occurs when you breach one of the key rules:
Trailing Drawdown Limit:
If your account balance drops below the dynamically adjusted drawdown threshold, your account will be disabled.
Max Drawdown Limit:
If your total losses exceed the fixed percentage of your starting equity, you’ll fail the evaluation.
No Additional Penalty:
Failing simply disables your account, and there are no penalties beyond needing to reset.
You can retry immediately by resetting your account, giving you a clean slate to start again.
How Resets Work
The reset process is designed to get you back in the game quickly and easily.
Purchase a Reset or Use a Reset Credit:
Resets can be purchased at any time, or you can use available reset credits in your account.
There’s no limit to how many resets you can use in a given period.
Immediate Reactivation:
Once the reset is applied, your account becomes active again, and you can start trading immediately.
Resets and Billing:
Resets are independent of your monthly subscription. Using a reset does not extend your billing date, so the timing of your subscription charges remains unchanged.
What Changes with Resets?
When you reset an Evaluation Account, you’re starting over as if it were your first day.
Account Balance:
Your account is restored to its original starting balance (e.g., $50,000).
Metrics Reset:
All performance metrics, including profit targets and drawdown limits, are reset.
Fresh Opportunity:
You have another chance to demonstrate your trading skills without lingering penalties or restrictions from the previous evaluation attempt.
What Doesn’t Change?
Your subscription remains active, and the billing cycle is unaffected. Resets only impact the trading account itself.
Resets are a valuable tool for traders, allowing you to refine your strategy and try again after a failed attempt. By understanding why you failed and leveraging resets effectively, you can prepare for success in your next evaluation.
If you have any questions or need assistance with a reset, contact support@vanquishtrader.com for help.