Evaluation (Combine)

Evaluation is the pre-funded phase. The trader pays a fee and trades a simulated account against the firm's rules. To pass, they typically need to hit a profit target (often equal to a multiple of the drawdown) without breaching trailing drawdown, daily loss limit, or any consistency rule.

Evaluation rules are usually the strictest the firm runs. Traders who develop on Evaluation discipline tend to do well on funded; traders who try to gamble through evaluations rarely make it past the first funded breach.