Prop Firm Passing Guide
This section of MRSLM Group focuses on the practical side of working with evaluation-based prop firms – especially futures and forex firms that use intraday drawdown, trailing limits and consistency rules.
The material is educational. It is written to help you understand the structure of evaluations and funded accounts so you can build your own rules. It does not guarantee that you will pass any evaluation or receive any payout.
Who This Guide Is For
- Traders using futures, FX or CFD prop firms with rule-based evaluations.
- Traders who already have a strategy but keep failing evaluations on rules and behaviour.
- Traders managing several prop accounts and want a clearer framework.
- Traders who treat funded accounts as part of a long-term trading business.
What This Guide Helps You Do
- Read prop firm rule sets like a risk document, not a sales page.
- Translate profit targets, trailing drawdowns and minimum days into daily plans.
- Separate evaluation behaviour from funded-account behaviour.
- Connect prop accounts with your own broker accounts and overall risk plan.
Terms and rules change across firms and over time. Always confirm the exact, current rules directly on each firm’s official website.
The Three Phases of Working With Prop Firms
Most evaluation models can be viewed in three phases: Pre-Evaluation, Evaluation, and Funded / Payout. The Prop Firm Passing Guide is organized around these phases so you can design specific rules for each one instead of trading everything the same way.
1. Pre-Evaluation: Choosing Firms & Rules
Selection · due diligence · alignmentBefore you ever buy an evaluation, you need to know what kind of rules support your edge. This phase is about matching firms to your style, not forcing your style into bad rules.
- Understanding key rule types: trailing vs. static drawdown, daily loss limits, news restrictions, scaling plans and payout schedules.
- Mapping your strategy: typical drawdown, win rate, average R and holding time.
- Checking if a firm’s rules can realistically fit your style and life schedule.
- Building a short list of firms and account sizes instead of chasing every promotion.
2. Evaluation: Passing Without Gambling
Plan · risk limits · consistencyThe goal in evaluation is simple: reach the target while staying inside every rule. That requires a specific risk plan that is often tighter than what you use in your own account.
- Setting maximum risk per trade and per day based on the evaluation drawdown.
- Creating session rules: trading windows, number of trades, maximum open positions.
- Planning profit target scenarios: aggressive, base-case and conservative paths.
- Managing emotions when the target is close or drawdown is uncomfortable.
3. Funded / Payout Phase: Protecting the Account
Capital protection · payouts · scalingMany traders treat funded accounts like the evaluation never ended. This phase focuses on turning a funded account into a long-term asset rather than a short-lived payout attempt.
- Adapting risk rules once the account is funded and real payouts are available.
- Defining payout schedules, withdrawal percentages and how they relate to personal bills and debt.
- Linking scaling plans to stable performance, not to emotion or promotions.
- Having clear rules for reducing size, pausing or closing accounts that become unstable.
Checklists, Frameworks & Templates Inside the Guide
The Prop Firm Passing Guide is written as a working document. The focus is on checklists and frameworks that you can adapt, print or integrate into your digital notes.
Evaluation Planning Frameworks
- Firm Comparison Matrix – simple table for comparing rules, costs, payout structures and restrictions.
- Evaluation Risk Sheet – defines risk per trade, daily loss limit, max open exposure and stop-trading conditions.
- Target Path Planner – plans how you might reach the target across days and weeks without forcing huge days.
- Multi-Firm Coordination – guidelines for staggering evaluations and funded accounts so you are not overexposed.
Behaviour & Review Tools
- Pre-session “prop account status” check: rules, remaining drawdown, target distance.
- Journal prompts for broken rules, revenge trading and high-stress decisions.
- Weekly scoreboard for rule-following, not just P&L.
- Criteria for when to stop buying new evaluations and focus on stability.
How the Prop Firm Passing Guide Fits Into MRSLM Group
Prop firms are only one part of a complete trading business. The rest of MRSLM Group exists to keep your firm activity aligned with solid market education, risk management and tools.
- Trading & Prop Firms: broader overview of different futures and forex prop firms, rule styles and payout models.
- Broker Accounts: your own accounts provide independence and long-term capital outside of any single firm.
- Market Guides: futures, forex and index education plus risk, drawdown and account scaling frameworks that sit underneath your prop activity.
- Trading Psychology eBooks: mindset support for dealing with resets, promotions, denied payouts and pressure.
The objective is to help you think like an operator of a trading business, not just a buyer of evaluations.
Risk & Legal Notice
MRSLM Group LLC provides educational information only. The Prop Firm Passing Guide does not guarantee that you will pass any evaluation, receive any payout or achieve any specific trading results. No particular prop firm, broker, platform, trading system or strategy is being recommended, endorsed or described as suitable for you. Trading futures, foreign exchange, contracts for difference (CFDs), index products, options, cryptoassets and other leveraged instruments involves a high level of risk and can result in substantial losses. Prop firm rules, payout structures and regulations change frequently; always rely on the official documentation from each firm and consider independent professional advice before purchasing evaluations, trading funded accounts or applying any framework described on this site. Past performance, examples and case studies do not guarantee future results.