PropPassCheck

Strategy styles

Can a trend-following strategy pass a prop firm challenge?

Often, but the rules decide it. Our sample trend follower passed 67% of attempts on the middle challenge of the 63 we track, from 85% at FTUK Flex Challenge down to 37% at The Trading Pit Futures Prime 50K. The sample has a real edge built in, so read this as how the rules treat the style, not as your own odds.

34.3%Trades that win
2.5RSize of a winner
1.2RTypical daily swing
67%Pass chance, middle challenge
84Trading days to pass, typical

The sample trend follower

A trend-following strategy joins a move that is already under way and holds for as long as it lasts, often for days. Most trades are small losses or scratches; a few long runners make the year.

Our sample wins 34.3% of its trades, each winner is 2.5 times the risk, each loser is the full risk, and it takes about one trade every two days. That is an average of 0.2R profit per trade, where R is the amount risked. The shape: The lowest win rate here and the biggest winners. Long flat or losing spells are part of the method.

Best challenges for a trend-following strategy

The 10 challenges where the sample passed most often. Every figure is for the sample trader at its best trade size; days are trading days. Each name links to how the style does across that firm's accounts.

AccountPass chancePass and get paidBest risk a tradeDays to passTargetDaily lossMax loss
FTUK Flex Challenge85%53%0.38%644%5%6% trailing, locks at start
Bullwaves Prime 1-Step 100K Caution81%62%0.75%8110%4%8% static
FundingPips 2 Step Standard80%74%0.75%1208% / 5%5%10% static
Hola Prime 2-Step Pro 100K79%75%0.75%1178% / 5%5%10% static
Hola Prime 2-Step Prime 100K79%75%0.75%1178% / 5%5%10% static
FundedNext Stellar 2-Step79%74%0.75%1168% / 5%5%10% static
Instant Funding One-Phase Pro79%65%0.75%7810%3%8% static
Fintokei ProTrader78%75%0.75%1268% / 6%5%10% static
Goat Funded Trader 2 Step GOAT78%71%0.75%1278% / 6%4%10% static
Atlas Funded 2-Step78%70%0.75%1158% / 5%5%10% static

Best instant accounts for a trend-following strategy

Instant accounts have no challenge to pass, so they are ranked on the chance of reaching a first payout before breaking a rule.

AccountFirst payoutBest risk a tradeDays to payoutPayout needsDaily lossMax loss
Instant Funding Clarity (instant)95%0.75%140.1% profitNone10% static
Lark Funding Instant Master95%0.75%50.1% profit5%8% trailing, locks at start
Funded Trading Plus Instant Program93%0.63%70.05% profit6%6% trailing, locks at start
FXIFY Instant Funding92%0.75%140.1% profit8%8% trailing
FundedNext Stellar Instant89%0.63%140.1% profitNone6% trailing, locks at start

Which rules help and which hurt

On every challenge, the most common way the sample failed was hitting the maximum loss. The table shows the middle pass chance by how deep the maximum loss is and whether it is static or trailing.

Maximum lossStaticTrailing
10% or more78% (13)70% (3)
6% to under 10%73% (13)64% (5)
Under 6%Too few to say (1)65% (28)

The number in brackets is how many challenges are in the group. Targets, daily limits and time limits differ between the groups too, so treat this as a pointer, not proof of what one rule does alone.

Rules a trend-following strategy runs into

Weekend and overnight rules
Trades held for days run into rules against holding over the weekend, and into swap charges on accounts that have them.
Time limits
With one trade every two days, a 30-day limit leaves room for about 15 trades. That is too few for a low win rate to even out.
Consistency rules
One long runner can be most of the profit, which is what a best-day rule is written to stop.

These are not in the pass figures above. Where we have recorded them:

We have recorded these rules for only some accounts. If a firm is not listed, check its own rules before you buy. With a pass, the test centre checks your trade file against them.

Every firm, for a trend-following strategy

FirmBest account for this styleTypePass chancePass and get paid
FTUKFlex Challenge1-step85%53%
Bullwaves Prime Caution1-Step 100K1-step81%62%
FundingPips2 Step Standard2-step80%74%
FundedNextStellar 2-Step2-step79%74%
Hola Prime2-Step Pro 100K2-step79%75%
Instant FundingOne-Phase Pro1-step79%65%
Atlas Funded2-Step2-step78%70%
FintokeiProTrader2-step78%75%
Goat Funded Trader2 Step GOAT2-step78%71%
City Traders Imperium2-Step2-step76%70%
FTMO1-Step Challenge1-step76%65%
Lark Funding1-Step Career1-step76%71%
PipFarmClassic (2-stage)2-step74%69%
Atmos Funded Caution2-Stage Standard 100K2-step73%67%
Audacity CapitalAbility Challenge2-step73%67%
BrightFunded2-Step Classic2-step73%67%
Hantec TraderEnhancedX (2-Step)2-step73%60%
Maven Trading2-Step2-step73%68%
The5%ersHigh Stakes (2-step)2-step73%67%
Alpha Capital GroupAlpha Pro 8%2-step72%67%
AquaFunded2 Step Standard2-step72%67%
Day TradersEOD 50K1-step72%55%
BulenoxQualification 50K1-step71%59%
Legends TradingElite 50K1-step69%57%
Blue Guardian1 Step Standard1-step67%62%
FXIFYTwo Phase (trailing)2-step67%65%
ThinkCapitalDual Step (Intraday)2-step67%61%
Apex Trader FundingEOD 50K1-step66%55%
AquaFuturesFlex 50K1-step66%59%
Elite Trader Funding1-Step 50K1-step66%61%
Lucid TradingLucidFlex 50K1-step66%57%
Take Profit Trader50K Test (PRO)1-step66%63%
TopstepTrading Combine 50K1-step66%57%
TradeifySelect 50K (Flex)1-step66%63%
Blue Guardian FuturesElite 50K1-step65%53%
E8 MarketsE8 One1-step65%53%
FundedNext FuturesRapid Pro 50K1-step65%52%
Alpha FuturesStandard 50K1-step64%51%
Earn2TradeGauntlet Mini 50K1-step64%46%
MyFundedFuturesRapid EOD 50K1-step64%42%
Top One FuturesElite 50K1-step64%45%
TradeDayFast Pass 50K1-step64%53%
Phidias PropfirmFundamental 50K1-step62%44%
BluSky TradingLaunch 50K2-step40%33%
Traders LaunchLegacy NYC 100K1-step40%22%
The Trading Pit CautionFutures Prime 50K1-step37%28%
Funded Trading PlusInstant ProgramInstant fundingNo challenge93%

Compared with the other styles

StyleWinsSize of a winnerPass chance, middle challenge
Swing trading44.4%2R81%
High win rate75%0.4R80%
Position trading33.3%4R80%
Opening range breakout55%1R72%
Trend following (this one)34.3%2.5R67%
Mean reversion58.3%0.8R61%
Breakout36.7%2R59%
Low win rate20%5R54%
Day trading41.3%1.5R45%
Scalping53.7%0.9R44%
Grid and martingale90.9%0.3R31%

How this was worked out

Each style is a made-up sample trader, not a real track record. We set the figures so that every sample makes the same average profit: 0.1 times its risk per trading day, about 2R a month. They differ only in shape: how often they win, how big the winners are and how many trades they take. That way a difference between two styles comes from how the rules treat the shape, not from one sample simply being better. The exception is the grid and martingale sample, which has no edge at all: adding to losing trades changes the shape of the results but cannot create an edge.

Each sample was run 1,000 times against each account's published rules, at nine trade sizes from 0.13% to 1% of the account, and we show the size that did best. It is the same engine as the test centre. How the simulation works.

What this leaves out. Every sample but that one has a real edge and never breaks its own rules, which is why these figures are far higher than the share of real traders who pass. There are no spreads, commissions, swaps or slippage. Every winner and loser is the same size. And it only tests the rules in the table: profit targets, loss limits, trading days, time limits, consistency and payout terms, not rules on news, weekends or hold times. A strategy with no edge fails everywhere, whatever its style.

Questions

Can a trend-following strategy pass a prop firm challenge?

Often, but the rules decide it. Our sample trend follower, which wins 34.3% of its trades, each winner is 2.5 times the risk, each loser is the full risk, and it takes about one trade every two days, passed 67% of attempts on the middle challenge of the 63 we track. The best was FTUK Flex Challenge at 85% and the worst The Trading Pit Futures Prime 50K at 37%. The sample has a real edge built in; a strategy without one fails everywhere.

Which prop firm is best for a trend-following strategy?

On the rules alone, FTUK Flex Challenge gave our sample the best chance of passing (85%), followed by Bullwaves Prime 1-Step 100K (81%) and FundingPips 2 Step Standard (80%). That ranks the rules for this shape of results; it says nothing about how reliably each firm pays.

How much should a trend-following strategy risk per trade in a challenge?

In our runs the best size for this sample was 0.63% of the account per trade on the middle challenge, and ranged from 0.3% to 1% depending on the rules. Tighter loss limits need smaller trades. Your own best size depends on your win rate and losing runs.

Test your own trades

These are samples. Your strategy has its own win rate, its own losing runs and its own costs. Upload a backtest or trade history and PropPassCheck replays it 2,000 times against every account, and shows your own chance of passing and of a first payout. It runs in your browser; nothing is uploaded.

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