What the Evaluation is
Evaluation thesis: prove the skill and get real buying power. One-time fee in USDT or USDC opens a simulated account. Market data is live, execution is simulated. The goal is to grow the account past two Profit Targets without breaching the loss limits. Every target and limit is listed on Evaluation Rules.
Funded Account is earned, not bought
Clear both stages and the simulated account leads to a funded one: buying power that scales up to $200,000, with 80-90% of profits going to the trader. The Profit Split explained on Profit Split.
- Evaluation: simulated account on live market data
- Two stages: +10% on Stage 1, then +5% on Stage 2
- Loss limits run the whole time: 5% a day, 10% from the peak
- Funded account, with weekly scaling up to $200,000
- Up to 90% of profits go to the trader
Trading strategy
Most runs are won or lost before the first order, inside the plan a trader executes. The principles below are standard risk discipline. Evaluation rewards consistent execution across many trades rather than a single lucky trade.
- Two or three setups, traded often enough to trust, instead of a dozen half-learned ones
- Fixed risk per trade, small enough to absorb a cold streak
- Floor on reward/risk, so the math leans the right way across a run of trades
- Daily risk limits, set in advance
- One-line journal, so the next decision learns from the last
Tradable assets are published ahead of time on Markets & Assets. The full list is known in advance.
Choosing Evaluation track
One rule set runs on every track. A smaller account is cheaper to attempt and cheaper to retry, so most first runs begin there. Profit Split then climbs from 80% toward 90% as the account grows. The Evaluation fee is the price of an attempt.
Payments in stablecoins
The fee is paid once per each Evaluation attempt, in USDT or USDC, USD-pegged stablecoins that clear in minutes on all major networks. Both can be bought inside the Trust Wallet app by card or instant bank transfer.
- Wallet that holds USDT or USDC, Trust Wallet works and can buy both by card
- All major networks available
- Exact fee for the chosen track, sent in a single transfer
Payment confirms on its own once the blockchain verifies it. Evaluation opens almost instantly, in 1-2 minutes after the payment confirmation. More details on How to get USDT or USDC
Rules are guardrails
Each limit exists to protect the account, not just to restrict trading.
Max Daily Loss is -5% from the equity recorded at midnight UTC. It caps the damage from a single session.
Peak Loss is -10% below the all-time equity high. It moves up with every new high and never moves back down. Profit already booked stays protected.
The second Profit Target is lower than the first by design. Stage 1 tests whether the strategy works. Stage 2 confirms it.
Rules describe how a disciplined trader already behaves
- 5 qualifying trading days on Stage 1 and 3 on Stage 2, so a pass is a sample and not a single session
- No time limit: the evaluation stays active while you trade, and 30 days without a single trade closes it as inactive
- Consistency cap of 30% per trade and per day, to protect the result from random wins
- 5× leverage ceiling, checked by the risk engine
Where the trading happens
Numagera Terminal is a minimalist and powerful web application with everything necessary for trading and nothing extra: TradingView Lightweight Charts, Hyperliquid market data, order settings, live and historical trading data.
One interface runs two modes: Evaluation Mode is a sandbox on real Hyperliquid market data, with simulated capital and execution. Funded Mode means real trading: real buying power, execution on Hyperliquid, and real-time risk management with human oversight.
Dashboard
Every Evaluation is tracked in the Dashboard. It shows each limit as a percentage of its cap, so the current status is clear without checking anywhere else.
$10,000 Evaluation
Equity Curve
Evaluation Rules
Profit Target · Stage 1
$11,000.00 realized
Profit Target · Stage 2
After Stage 1 is passed
Min Trading Days · Stage 1
≥ $2,500 notional per day (25% of size)
Min Trading Days · Stage 2
Max Daily Loss
Day resets at 00:00 UTC
Peak Loss
Trailing from peak equity
Max Leverage
Per position
Inactivity Limit
Calendar days without a trade
Consistency Rule
Per-trade & per-day % of profit
- Equity now, beside the daily loss line measured from the equity at midnight UTC
- Peak Loss floor as it stands, already raised by past highs
- Profit against the stage target, read as a plain percentage
- Trading days completed, out of the 5 (Stage 1) or 3 (Stage 2) the stage needs
Progress
Stage 1 requires +10%, Stage 2 requires +5% on a fresh stretch of market. Qualifying trading days (5 on Stage 1, 3 on Stage 2) prevent a single hot session from deciding the result. A concentrated run is not wasted: while any single trade or day holds more than 30% of stage profit, the pass waits, and each new closed trade dilutes that share until the check clears. The status bar below shows the profit target and trading days in real time.
Beyond the Evaluation
Past the Evaluation the rules get shorter. No profit target. The drawdown limits stay, joined by a cap on the loss any single position can take. Leverage is handled for the trader: the risk engine sets effective leverage and buying power from how the account trades, and rebuilds it as results return.
- Max Daily Loss and Peak Loss limits stay, plus a cap on the loss any one position can take
- Leverage is automatic: the risk engine sets effective leverage and buying power in real time, so there is no dial to manage
- Every Sunday the split settles first, then the account grows by 5x the profit kept on it, capped at +$20,000 a week and $200,000 in total
- Payouts go out on demand in USDT or USDC, from a $50 minimum, for a flat $1 fee
Scenario
A $50,000 funded account keeps $4,000 of profit through the week, with no open position and no payout pending at the Sunday check. The split for a $50,000 account is 85%.
The same profit can be withdrawn instead, on demand, with the split applied and a flat $1 fee. Whichever way it goes, the split rises with the account: 80%, 85%, then 90% by size. The full mechanics are on Account Scaling and Trading Rules.
Common mistakes
Most failed Evaluations trace back to a short list of habits, and every one of them is a choice. Every mistake is the result of tilt or a breach of trading discipline, which is precisely why strict rules are necessary.
- Oversizing: pushing risk to reach the target sooner, so one bad decision ends the run
- Holding a position with no stop, or carrying an open loss in hope, which hands the exit to the Max Daily Loss
- Revenge trading: back-to-back impulse entries that turn a small loss into a failed Evaluation
- Trading right at the moment of a scheduled macro event, when a huge squeeze can happen instantly
Key ideas
Everything above comes down to a handful of ideas. None of them depends on luck or on a complicated system. They ask for a feasible plan and the patience to let an edge show across a real sample of trades.
- Funded Account is earned by proving a repeatable edge
- Short, trusted strategy with fixed risk holds up under pressure better than a complicated one
- Risk limits are guardrails
- Floating losses count the moment a position opens
- Evaluation is a step-by-step long run
- In funded account mode, consistent results grow week after week, increasing buying power
None of this is glamorous, and that is the point. Evaluation is built to find traders who keep showing up with the strategy long enough for the edge to prove itself.