WickCheck / Trading school / Prop challenge
Prop challengeEvaluationBeginner
The test you pass to get a funded account, usually a profit target with loss limits.
What it means
A 2-step challenge often asks for 8–10% in phase 1 and 5% in phase 2. A 1-step asks for one target with tighter limits. WickCheck Replay can simulate both on past data.
How to spot it
- Profit target, daily loss limit, maximum loss, time or day rules.
Common mistakes
- Risking 2–3% per trade to finish fast.
Related terms
Prop firmA company that lets you trade its capital after you pass an evaluation, in retur…Funded accountThe account you trade after passing a challenge, sharing profits with the firm.…Daily loss limitThe most you can lose in one day before the account fails, often 4–5%.…
Why most strategies need a human behind the screen
Read the lessonWhat a mechanical test can and cannot tell you about smart money concepts.
Education only, not financial advice. Definitions vary between teachers; these are ours, written for clarity.