The Dual Step Challenge is designed to evaluate traders who demonstrate disciplined risk management, catering to both swing traders and day traders.

The program offers two distinct models:

Dual Step Intraday:

Designed for day traders, this model uses an Equity-Based Daily Drawdown, calculated on the initial/starting account equity.
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This 4% is always calculated from the initial/starting account Equity and is subtracted from the end-of-day Equity at the time of the daily drawdown reset, which occurs at 5 PM EST.

Daily Drawdown (Equity/Balance) Limit = End-of-Day Equity − (Initial Account Equity × 4%)

Dual Step Swing:

Designed for swing traders, this model uses a Balance-Based Daily Drawdown, calculated on the initial/starting account balance.
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This 4% is always calculated from the initial/starting account balance and is subtracted from the end-of-day balance at the time of the daily drawdown reset, which occurs at 5 PM EST.

Daily Drawdown (Equity/Balance) Limit = End-of-Day Balance − (Initial Account Balance × 4%)
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Below is the detailed explanation of both Account types, with practical examples to help you understand how each model works.