Take Profit Trader review

PRO: what changes when you pass

Drawdown switches from End-Of-Day (test) to INTRADAY on PRO: "The Trailing Drawdown is calculated intraday using your peak balance, which includes realized gains and unrealized gains", "The drawdown will never exceed your starting account balance", and "Maximum drawdown in PRO = maximum drawdown from your passed test." It stops trailing once it reaches the starting account balance. The 50% consistency rule is a TEST rule (Rule 5 of the 6 Core Rules) and has no counterpart in the six published PRO Account Rules, so it does not carry into PRO. NO daily loss rule and NO weekly loss rule appears in the six core test rules, the six PRO Account Rules or the six PRO+ Account Rules. No scaling plan on any account type, so buying power in PRO equals buying power in the test. Rules that are ADDED on PRO but do not exist in the test: (1) News rule, all PRO accounts must be out of all open positions and have no open orders one minute before, during and one minute after any prohibited news event (FOMC statements Wednesdays 2:00 PM ET, Non-Farm Payroll monthly Fridays 8:30 AM ET, CPI, plus Crude Oil Inventories for Crude Oil and Bond Auctions for the 10-Year Note and 30-Year Bond); test accounts may trade through all news. (2) Weekly activity rule, "To keep your PRO Account active, you must trade at least one day per calendar week (Sunday to Friday)", where a traded day is a day with at least one round trip; temporary exceptions available via support. (3) Buffer requirement for withdrawals (PRO only; PRO+ has none). (4) No trading bots or algos, all trades must be manually executed. (5) Must exit all open positions before a limit up or limit down price limit is reached, or the PRO account is lost. No counter positions applies across all three account types (Test, PRO, PRO+). A 50-executions-per-day cap on PRO was recorded from the homepage journey table in earlier runs; it is not published anywhere in the help centre and the journey table is no longer readable in the homepage text layer, so it is carried forward unverified rather than as a confirmed rule. Monthly test subscription fee STOPS on passing ("As soon as you pass then the monthly subscription stops", "There are no ongoing monthly fees with a PRO Account"); one time $130 PRO activation fee applies, waived under NOFEE40. Profit split goes from none (test) to 80/20. Environment stays SIM.

After payout: "The drawdown continues to trail profits until it reaches your starting balance; once it reaches that level, it no longer moves." (Intraday trailing on peak balance including unrealized gains; never exceeds the starting account balance.) No drawdown reset or change is applied as a consequence of taking a payout.

PRO+: what changes when you pass

PRO+ is not purchasable and has no evaluation of its own. It is an invitation-only upgrade from an existing PRO account: "an official invitation will be sent via email by the Take Profit Trader team" and "the decision to upgrade a trader to a PRO+ account is made solely at the discretion of Take Profit Trader", based on a holistic review of consistency, risk management, execution patterns and discipline. Changes vs PRO, from the Advantages of PRO+ article: environment goes from SIM to LIVE ("Trader directly routed to the exchange, not on the simulation or copy traded"), PRO+ accounts are live accounts with a $0 margin, profit split rises to "90/10 profit split, where the trader keeps 90% of the profits", there is "No buffer zone requirement for withdrawal", and drawdown reverts to "EOD (End-Of-Day) Drawdown". The trader is reclassified as a professional for market data. The six published PRO+ Account Rules are eligible instruments and trading hours, EOD drawdown, the weekly trading requirement, no counter positions, avoid the limit up/down, and no open positions during prohibited news: there is still NO daily loss limit, NO weekly loss limit and NO consistency rule. Structural mechanics on upgrade: the PRO account is placed on hold and $5,000 of its profit is FROZEN while the PRO+ is active (anything above $5,000 is withdrawable under PRO rules); the PRO+ account begins with a $0 balance and an initial EOD drawdown equivalent to the starting drawdown of the original PRO account; onboarding agreements and documentation must be completed; the professional market-data upgrade can take up to 12 hours, during which PRO and test accounts are temporarily unavailable; after upgrade all trading and withdrawals must be done on the PRO+ account only. If the PRO+ account is lost, remaining PRO+ profits plus the trader's share of the frozen $5,000 become eligible for withdrawal; a negative PRO+ balance is deducted from that $5,000.

After payout: "As trades become profitable, the minimum account balance will trail accordingly. If the trader earns $500 in realized profit at the end of trading day, the minimum balance would trail $500 up, stopping once it reaches $0, where it will remain." No drawdown change is triggered by taking a payout.