How to Monitor your Challenge objectives on the Traderseed Account Metrix Dashboard

With every account that you trade with Traderseed you will receive a link to monitor your challenge objectives. Here is some information on how to track your progress.

This is what the Traderseed Account Metrix looks like. I have highlighted the most important things to track. The objectives track your account equity, not your balance, so it includes your current open positions, as well as your closed ones. The loss objectives in the bottom left record the lowest equity value that your account has reached. It is not cumulative, and will only be replaced by a lower value. To easily monitor how much you are permitted to lose each day, use the ‘Permitted Loss Summary’ on the right. The Max Daily Loss resets at midnight UTC+3 (same as the broker’s time). You can see that reset time in your MT4 platform as well as here (https://time.is/UTC+3).

Max Daily Loss – Each night at midnight UTC+3, your Max Daily Loss limit will be set 5% lower than your account balance at that time. eg So, on a $100,000 account, if your account balance at midnight is $99,000, your max daily loss limit will be set at $94,000 for that day ($99,000-$5,000=$94,000). Your account equity cannot go lower than this loss limit at anytime that day or the challenge will be failed.

Max Loss – Your Max Loss is a Fixed loss limit. So with a Max Loss of $10,000, on a $100,000 account, your Max Loss limit will be set at $90,000 for the duration of the challenge. Your account equity cannot go lower than this loss limit at anytime or the challenge will be failed.

Profit Target – The Profit Target is also Fixed. So a Profit Target of $10,000, on a $100,000 account, will mean that the Profit Target will be set at $110,000. This objective will be marked as passed once all your orders are closed.