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 LucidDaily evaluation accounts you must have Consistency Percentage of 50% or less to be eligible to upgrade to a LucidDaily funded account.
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 LucidDaily evaluation account and your Largest Single Day Profit was $750 when you reached the $3,000 profit target. Plug the values into the above formula.
$750 / $3,000 = 25%
Congratulations, you have maintained consistency under the LucidDaily evaluation 50% requirement. You may now upgrade to a LucidDaily funded account. However, if your largest day had exceeded 50% of your account profit, you would need to continue trading until your largest day is 50% or less.
Consistency Cushion
There is a small cushion built into the LucidDaily consistency so that traders that are super eager to pass in two days can do so. However, taking your time to reach your profit target is the best approach.
Please see below for an example of how the cushion works.
Account Size | Profit Target | 50% Consistency | Cushion |
25k Daily | $1,250 | $625 | $650.00 |
50k Daily | $3,000 | $1,500 | $1,560.00 |
100k Daily | $6,000 | $3,000 | $3,120.00 |
150k Daily | $9,000 | $4,500 | $4,680.00 |
Important: This is merely an example table based on hitting exactly 50% of your profit target. The cushion is a percentage calculated on what your actual profit earned is for the day and will vary from trader to trader.
It is NOT a fixed dollar amount for all scenarios. The actual dollar amount is dependent on how much profit you earned on your biggest day.
Consistency at Live Account Status
Once promoted to Live account status, the consistency requirement no longer applies. The 50% consistency requirement applies only during the evaluation stage.
