Prop Trading (Cuentas Desafío)

What is a Prop Trading Challenges?

In order to evaluate the most talented traders or those with the greatest future potential, A prop trading/challenge is a trading competition where participants trade real capital in a simulated environment, typically using online trading platforms. These challenges usually have a set of predetermined rules, such as trading times, account size, and eligible trading instruments. The goal of these challenges is to achieve the highest percentage return on investment (ROI) within a given timeframe, typically a week or a month.

Story

A prop trading brand should have an option to create multiple challenges in backoffice with different configurations ( trading objectives) for each challenge.  

User 

•  Can subscribes each time to one challenge only, but if failed can subscribed to another one. User should be able to apply to another challenge with same account and it will create another wallet with new balance.

•  Can trade on a platform with only challenges enabled ( not live, not real)

For registration - User will chose a package (challenge) on the broker’s site and broker will push by API registration of the user to our platform including challenge ID, that should create user with wallet similar to practice wallet that we have today but without reset and expiry.

Challenge configuration

Title-Name of challenges
Site
Initial Balance - how much balance user get when he signed up for the challenge 

Profit Goal (%) -Target that user need to reach. 

Max daily loss (%) - daily drawdown- How much user can lose in one day, it is calculated from initial balance always, once reached then account/wallet will be frozen for one day.
Max total loss ( %) - maximum drawdown-Calculated from initialed balance if reached then account/wallet will be frozen/canceled. User can login to his account but cannot trade anymore on this challenge.
Leverage cap-Overate the default leverage in the system for all the instruments
Expiration date - If the Challenge will be expired - Not mandatory 

Max Daily Trades - How many trades can be opened in one day - Not mandatory 
Max Trading Days - How many days user can trade - Not mandatory 

* Challenges should be based on practice accounts however show it on frontend as challenge not practice
* User can have multiple accounts and can switch between challenges any time he wants
* If any challenge expired or canceled it will keep showing the challenge wallet for user (not deleted)
* User will have a dashboard to see all the details about his stats on each challenge