A prop firm challenge is an evaluation where a trader must reach a profit target (usually 8-10%) without exceeding a maximum drawdown (usually 10%) or daily loss limit (usually 5%) within a set number of trading days. To plan your challenge, divide the profit target by the number of trading days to get a daily target, then calculate the number of winning trades needed based on your win rate and risk-reward ratio. This free planner does all of that math for you and tells you whether your strategy is statistically likely to pass.
Prop Firm Challenge Planner
Set your challenge rules, plug in your strategy stats, and get a clear daily plan with a pass-probability verdict. Built for FTMO, MyForexFunds, and every other funded account evaluation.
- 100% free, no sign-up
- Instant pass-probability math
- Works with every major prop firm
Prop Firm Challenge Planner
Set your challenge rules, plan your strategy, see if the math works
Challenge Rules
Your Strategy
Your Challenge Plan
$266.67
26.7 pips @ $10/pip
$242.42
33 wins needed total
$1,000.00
1% of account
$39,000.00
EV $650.00/trade
Your strategy is statistically likely to pass this challenge.
Expected total: $39,000.00 vs target $8,000.00 over 60 trades in 30 days.
Expected Equity Curve
This planner uses expected-value math based on your inputs. Real trading involves variance, slippage, and emotional factors that affect outcomes. Use this as a planning tool, not a guarantee.
How It Works
Set Challenge Rules
Enter your account size, profit target, drawdown limits, and challenge duration.
Configure Your Strategy
Input your trades per day, risk-reward ratio, and historical win rate.
Review the Plan
Get daily targets, per-trade risk, position sizing, and a pass verdict.
Execute with Discipline
Follow the plan day by day and monitor your safety buffer above the drawdown limit.
Frequently Asked Questions
What is a prop firm challenge?
A prop firm challenge is an evaluation period where a trader must hit a profit target (typically 8-10%) without exceeding a maximum drawdown (typically 10%) or daily loss limit (typically 5%) within a set number of trading days. Passing the challenge earns you access to a funded account where you trade the firm's capital and keep a share of the profits.
How much profit do I need daily to pass?
It depends on your account size, target percentage, and challenge duration. For example, an 8% target on a $100,000 account over 30 days requires roughly $267 per trading day. This planner breaks that down into per-trade targets based on your personal win rate and risk-reward ratio.
What happens if I hit the max drawdown?
If your account equity drops below the maximum drawdown threshold at any point, you fail immediately and must purchase a new challenge. Most firms set this at 10% of starting balance. This is why risk management and position sizing matter more than raw profit during an evaluation.
Can I use trading signals to pass a challenge?
Yes. Many traders use signal providers as a source of trade ideas during funded account challenges. The key is choosing providers whose strategy aligns with your challenge rules — controlled drawdown, consistent win rates, and suitable risk-reward ratios. SignalFloor lets you filter providers by these exact metrics.
What is the difference between max drawdown and daily drawdown?
Max drawdown is the total equity loss allowed from your peak balance for the entire challenge (usually 10%). Daily drawdown is the maximum you can lose in a single trading day (usually 5%). Breaching either limit results in immediate failure. Many traders fail on the daily limit because they average down or revenge-trade after an early loss.
How many trades per day should I take during a prop firm challenge?
Quality over quantity. Most successful challenge traders take 1-3 high-conviction trades per day rather than overtrading. Taking fewer, well-planned trades reduces the risk of hitting daily drawdown limits and emotional decision-making. This planner helps you calculate the exact number of trades needed based on your win rate.
What is a good win rate for passing a prop firm challenge?
A 50-60% win rate combined with a 1:2 or better risk-reward ratio is generally sufficient. For example, a 55% win rate with 1:2 R:R yields a positive expectancy of 0.65R per trade. The key is consistency — a high win rate with poor risk management still fails challenges. This planner models your specific stats to show whether your edge is sufficient.
Are prop firm challenges worth it for beginners?
Most beginners should practice on a demo account first. Prop firm challenges have a high failure rate (estimated 80-90%) and the evaluation fee is non-refundable. Start with a demo, prove consistent profitability over 2-3 months, then attempt a challenge. Using this planner to model your real demo stats can tell you objectively whether you are ready.
Pass Your Challenge with Verified Signals
Use SignalFloor's verified providers to find signals that match your challenge rules — filter by drawdown, win rate, and R:R.
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