In the SIEG Challenge, you’re welcome to use the scalping strategy — no worries about canceled trades if you take profits through scalping.
However, keep in mind that we have a minimum of 5 trading days. This rule ensures that traders don’t hit the target by sheer luck but then fail to maintain the live account for at least 1 week.
We value consistent profit-taking, so here’s the requirement: Achieve a net Daily P&L on 3 separate days equal to or greater than 1% of your starting balance.
For example, if you’re trading on a $400,000 account, you need to trade for at least 5 days, with 3 separate days’ net P&L totaling at least $4,000.
If you hit the target but didn't meet daily PnL requirement, you will receive a new challenge account to restart. If you meet to soft breach in phase2, we will issue a phase2 challenge account, instead of begin from phase1.