Evaluation
To successfully pass the evaluation, you must complete the following three goals:
1. Trade at least 8 daysA trading day starts at 6PM EST and ends at 5PM EST the following day
2. Reach your profit target
3. Have consistent profits.To make this easy, just never close the day with profits over 30% of your target.
If you close a single day with a profit exceeding 30% of your evaluation target, you'll just need to reach a higher evaluation target so that big day is under 30%.
We determine your new target with the formula: (highest single day / 30 100 = new target)
For example: You reach 1000 in one day on a 50K account: 1000 /30 100 = $3333 is your new target
There are only two ways to fail the evaluation:
1. Fall below the minimum balance (trailing)The minimum trailing balance increases with your highest unrealized balance. It increases with profits, but it does not decrease with losses.
For example, the 50K evaluation starts with a 48K minimum balance (trailing by $2000).
If any trade reached $50,750 at any point, your new minimum balance would be $48,750.
If a subsequent trade closed back at $50,300, then your minimum balance would still be $48,750.
If at any point your balance falls to your minimum balance, the evaluation has failed.
You can monitor your minimum trailing balance in real time with Rithmic by using the "Auto Liquidate Threshold Value" in RTrader Pro.
You can monitor your minimum trailing balance in real time with Tradovate by using the "Drawdown Auto Liq" column of the Accounts tab.
Things that DON’T fail your account
Trading news events
Using too many contracts
You can't use too many. Our system limits your max contracts and are safely rejected.
Trade the wrong hours
Our system attempts to limit when you can trade and will auto-liquidate around 15 minutes before markets close. This is not a guarantee of liquidation.
Resets
Most traders don't pass the evaluation the first time. If you fail a rule, you can reset your evaluation for an $85 fee and try again. This resets the days traded, the balance, and the trailing by creating a new account within your evaluation.
If your evaluation subscription renews and your account has already failed, your account will be reset for free within an hour after the renewal payment completes.
BluLive does NOT have resets.
Also note: this does not change or extend your subscription billing cycle.
Funded
Funded Rules
There is only one way to fail your BluLive/Funded account:
1. Fall below the minimum trailing/static balanceUnlike the evaluation, the trailing minimum balance stops moving when you reach your profit target and converts to a static minimum balance for the lifetime of the account.
The minimum trailing balance increases with your highest unrealized balance. It increases with profits, but it does not decrease with losses.
Things that DON’T fail your account
Daily Loss Limit: This has been removed from our BluLive/funded accounts. You can optionally set it with the brokerage for your own safety.
Trading news events
Using too many contracts: You can't use too many. Our system limits your max contracts and are safely rejected.
Trade the wrong hours: You can't trade the wrong hours. Our system limits when you can trade and will auto-liquidate around 15 minutes before markets close.
Please place at least one trade a month to keep the account active or the brokerages will charge a fee and issue warnings.
We know our evaluation is harder than some. But we don't want to keep you in a simulator forever. It's a different model than most of our competitors. It lets us extend maximum flexibility to our funded brokerage traders when the stress is the highest.
Once you are funded and outside our risk zone, we are able to let you trade freely without almost any restrictions.
Copy Trading
Copy trades across 2 accounts
Payouts
Daily payout processing
Payouts requested before 12PM EST on weekdays (excluding holidays) will be processed on the same day. Transfer times usually take 1-3 business days.
No minimum days for payouts
There are NO minimum days to trade to request payout in your Brokerage account. You just need to reach the point of profit where your account moves from BluLive to the Brokerage.
You will be funded in a live brokerage account after BluLive, so all the profits you make in it are real and we're happy to send them to you. It's also how we scale our business.
Payouts in Brokerage account
Max withdraw amount: No limits