Blueberry Funded Prop Firm
The Blueberry Funded Challenge is a prop firm evaluation by Blueberry Funded, offering 1-step, 2-step, and rapid challenges with account sizes up to $200,000. Traders must hit profit targets (5–10%) while managing drawdown limits to get funded and earn up to 80–90% profit splits. It’s backed by Blueberry Markets and supports Forex, crypto, indices, metals, and more.
What is the hardest part when it comes to prop firms?
The hardest part is making money consistently and maintaining the streak. But even before earning money, we have to pass the challenge set by prop firms.
Most people like me fail, and we don’t know where we went wrong. Sometimes, we miscalculate or make incorrect assumptions and believe they’re right. Now that I’ve figured out what went wrong during my challenge phase, let’s break it down step by step.
Decoding the Blueberry Funded Prop Firm
To pass a prop firm challenge, we must first clear the evaluation phase. To make money consistently, we need strong risk management skills. Meeting both goals requires finding a solid trading edge.
Step 1: Choosing the correct challenge account size.
As a newbie, I don’t need a challenge account that’s too small or too large. To stay psychologically stable while implementing trading strategies, I just need a balanced account size.
So, I choose 2-step $10,000 balanced account size. ✔
Step 2: Rules for passing the evaluation challenge.
- The account size is $10,000.
- I need to pass two challenge phases with profit targets of 10% and 5% based on the main account size ($10,000).
Calculating the results:
- 10% of $10,000 = $1000
- 5% of $10,000 = $500
Adding both the amount: $1000 + $500 = $1500
I need to make $1500 to pass the evaluation challenge. ✔
Step 3: Key rules to follow to avoid failing the challenge.
- The maximum total loss allowed is 10% of the account. If I exceed this, I fail the challenge.
- The daily loss must not exceed 5% of the account size.
So, what I understand is that I don’t actually get to use the full $10,000 before failing the challenge. In reality, I’m only allowed to risk 10% of it, which is $1,000.
Now, my effective account size is $1,000, so I need to set my risk management based on this amount. ✔
Step 4: Calculating risk per trade and the number of trade attempts.
I need to risk 1% or 2% of $1,000 per trade, which is neither too small nor too high. It’s a balanced amount that makes it easier to stay focused, manage risk, and calculate position sizes.
Calculating the results:
- 1% of $1000 = $10
- 2% of $1000 = $20
Calculating the attempts:
- $10 of $1000 = 100 attempts.
- $20 of $1000 = 50 attempts.
In conclusion, since I want to fast-track my trading progress, I’ll risk $20 per trade. This gives me 50 trade attempts before reaching the $1,000 max loss limit and failing the challenge. ✔
Step 5: The edge and cheat code to pass and earn consistently.
Based on my past trading performance, knowledge, and experience, I know I can win at least 15 out of 50 trades. (But remember, past wins don’t guarantee future results.)
Now, I use a 1:5 risk-to-reward (RR) ratio. If we calculate the return from a single winning trade, it looks like this:
Calculating the result:
- Risk $20 and 1:5 (RR): 20 X 5 = $100 Reward.
To pass (Phase one challenge) I need to make $1000, So I need to win 10 times and to pass (Phase two challenge) I need to make $500, So I need to win 5 times.
We have 50 attempts and my accuracy is 15 out of 50 trades. So, to pass both (Phase one and two challenge) I need 15 wins. That’s it, but do follow strict RR.
The Real Edge: Use a 1:5 risk-to-reward ratio with $20 risk per trade. Win 15 trades to pass the challenge. But remember, wins won’t come in a perfect streak as there will be ups and downs. Stay patient and trust the process. ✔
Closing Comment
I believe my plan and calculations are solid, and I’ll stay committed to my strategy to pass the challenge and earn consistently.
There’s no need to rush, go steady like the tortoise in the classic story.
Trust the process, take action, and keep moving forward. Good times are ahead!
