Breakout
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THE RULE SET, IN PLAIN ENGLISH

Breakout Rules Explained

Watch the full video alongside our detailed notes and extra learning resources in this full cheat sheet companion guide.

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01
Section 1 1:08

Rule 1: Max Daily Loss

What you'll learn: How the daily loss limit works on every Breakout product, when it resets, and why it tracks your equity rather than your closed P&L.

Key Moments
Core Concepts
Critical Takeaways
  • Pick your product first. OneStep gives you 3% daily room. Two-Step gives you 4%. Same notional account, different breathing space.
  • The daily limit is calculated off your prior day's balance, not your starting balance. Make money and the floor moves up with you.
  • Watch equity, not balance. An open trade in the red still counts. You can breach without closing a single position.
  • Bad day? Stop. Let the 00:30 UTC reset hand you a fresh limit and start the next session clean.
Practical Tip

Set an internal daily limit at half the real one. If the breach is at 3%, stop yourself at 1.5%. You stay in the eval through cold streaks instead of giving the rule a reason to fire.

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02
Section 2 4:01

Rule 2: Max Drawdown

What you'll learn: Why every Breakout drawdown is static, what that means in practice as your account grows, and why a trailing drawdown punishes the traders who are doing best.

Key Moments
Core Concepts
Critical Takeaways
  • Static drawdown means the floor is set once and frozen. Day one and day three hundred, same number.
  • Profits earned on the account become real cushion above that floor. They don't shrink your room to take risk.
  • Drawdown still tracks equity. Open P&L counts. Don't let an open loser drag you through the floor.
  • Every number you need is in the terminal's portfolio panel. You don't have to flip back to the dashboard mid-trade.
03
Section 3 6:10

What Breakout Doesn't Have

What you'll learn: The list of restrictions that other firms quietly add behind the headline numbers, and why we left every one of them out.

Key Moments
Critical Takeaways
  • Two loss limits. That's the complete rule set. Stay inside both and how you trade is up to you.
  • No consistency rule means one good day can pay you out. You're not penalised for being lumpy.
  • No profit cap, no time limit, no minimum days. Pass on day one if you can. Take six months if you need to.
  • News trading is allowed. CPI, FOMC, payrolls. If you have a view, take the trade.
Putting It All Together

Your Rule-Set Workflow

Read the rules once. Run this loop every session.

1

Pick the product

Decide between OneStep (3% daily, lower price) and Two-Step (4% daily, easier first phase). The choice sets your daily room and your drawdown.

2

Know your floor

Note your static max drawdown number. That's the equity level that ends the account. Write it down.

3

Watch the timer

The dashboard clock counts down to 00:30 UTC. When it ticks over, your daily limit recalculates from the closing balance.

4

Track equity, not balance

The portfolio panel in the terminal shows balance + open P&L. That's the number the rules use.

5

Set an internal cushion

Stop trading at half your real daily limit. The room you save is what gets you through cold streaks.

6

Stop on a bad day

Cold session? Close the terminal. Let the next reset hand you a fresh limit before you trade again.

7

Practice on Breakout

Start a trading test at breakoutprop.com. Real markets, structured risk - the best way to learn.

Put it to work
Take what you learned here into a real evaluation. Pass, get funded, keep 80-90% of profits.
Purchase an Evaluation