The required profit targets for each phase of the evaluation are as follows:
Phase 1: 8% total profit target
Phase 2: 5% total profit target
These targets are calculated based on the initial starting balance of the account.
For example, if your starting balance is $100,000, the Phase 1 profit target would be $8,000. To pass, your account balance must reach $108,000, including account equity, meaning all positions must be closed.