Consistency
The Consistency Percentage tracks a traders ability to earn profits over multiple sessions. This demonstrates a that a trader has and can adhere to a risk management strategy.
The Calculation
In our LucidDirect funded accounts you must meet a Consistency Percentage of 20% to be eligible to request a payout. The Consistency Percentage resets and must be met again after each payout.
Use the following formula to determine if you are adhering to the Consistency Percentage:
Largest Single Day Profit / Account Profit = Consistency Percentage
Example
You trade your $50k LucidDirect Account and your Largest Single Day Profit was $500 and your Account Profit is $3,000. Plug the values into the above formula.
$500 / $3,000 = 16.7%
Congratulations, you have maintained consistency under the LucidDirect 20% requirement. You may now request a payout so long as you have met the other necessary objectives. However, if your largest day had exceeded 20% of your Account Profit, you would need to continue trading until your largest day is below 20%.
Consistency at Live Account Status
Once promoted to Live account status, the consistency requirement no longer applies. The 20% consistency requirement applies only during the funded account stage.
