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Bull Waves Rules
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Bull Waves rules at a glance
Bull Waves's plans state a maximum drawdown of 8% to 10% of the account size (drawdown type: trailing), across 13 plans. A consistency rule applies: highest-profit day below 30% of total profit on the 1-step and below 40% on the 2-step, in the challenge and for the life of the funded account; it does not reset after payouts. News trading is conditional: holding through news is permitted; no opening or closing positions within 3 minutes before or after a release; bracketing and tight limit orders placed just before high-impact news are prohibited.
Compiled from 8 of Bull Waves's own published pages, read on 14 September 2026. Not verified by Prop Firm Pal: every value is what Bull Waves states about itself, quoted with the page it came from. A firm can change its rules at any time, so check the linked page before you pay for an account.
Bull Waves drawdown rules
Bull Waves's plans state a maximum drawdown of 8% to 10% of the account size (drawdown type: trailing), across 13 plans.
A daily loss limit of 4% to 5% is stated on 13 of 13 plans; where a plan shows a dash, no daily figure is recorded for it.
Dollar amounts are the published percentage applied to the account size.
Plan
Account size
Max drawdown
Drawdown type
Daily loss limit
Profit target
1 Step Challenge
Account size
$5K
Max drawdown
8% ($400)
Drawdown type
—
Daily loss limit
4% ($200)
Profit target
10%
1 Step Challenge
Account size
$10K
Max drawdown
8% ($800)
Drawdown type
—
Daily loss limit
4% ($400)
Profit target
10%
1 Step Challenge
Account size
$25K
Max drawdown
8% ($2,000)
Drawdown type
—
Daily loss limit
4% ($1,000)
Profit target
10%
1 Step Challenge
Account size
$50K
Max drawdown
8% ($4,000)
Drawdown type
—
Daily loss limit
4% ($2,000)
Profit target
10%
1 Step Challenge
Account size
$100K
Max drawdown
8% ($8,000)
Drawdown type
—
Daily loss limit
4% ($4,000)
Profit target
10%
1 Step Challenge
Account size
$200K
Max drawdown
8% ($16,000)
Drawdown type
—
Daily loss limit
4% ($8,000)
Profit target
10%
1 Step Challenge
Account size
$400K
Max drawdown
8% ($32,000)
Drawdown type
—
Daily loss limit
4% ($16,000)
Profit target
10%
2 Step Challenge
Account size
$5K
Max drawdown
10% ($500)
Drawdown type
Trailing
Daily loss limit
5% ($250)
Profit target
8%
2 Step Challenge
Account size
$10K
Max drawdown
10% ($1,000)
Drawdown type
Trailing
Daily loss limit
5% ($500)
Profit target
8%
2 Step Challenge
Account size
$25K
Max drawdown
10% ($2,500)
Drawdown type
Trailing
Daily loss limit
5% ($1,250)
Profit target
8%
2 Step Challenge
Account size
$50K
Max drawdown
10% ($5,000)
Drawdown type
Trailing
Daily loss limit
5% ($2,500)
Profit target
8%
2 Step Challenge
Account size
$100K
Max drawdown
10% ($10,000)
Drawdown type
Trailing
Daily loss limit
5% ($5,000)
Profit target
8%
2 Step Challenge
Account size
$200K
Max drawdown
10% ($20,000)
Drawdown type
Trailing
Daily loss limit
5% ($10,000)
Profit target
8%
In Bull Waves's words
Plan figures: “400K - 1 Step Challenge” www.prime.bullwaves.com/…/pricing
Bull Waves consistency rule
A consistency rule caps how much of your total profit a single trading day may account for. Here is what Bull Waves states.
Rule
What Bull Waves states
Consistency limit
What Bull Waves states
30%
Consistency rule
What Bull Waves states
Applies — Highest-profit day below 30% of total profit on the 1-step and below 40% on the 2-step, in the challenge and for the life of the funded account; it does not reset after payouts
In Bull Waves's words
Consistency limit: “Below 30% for 1 Step Challenges” www.prime.bullwaves.com/…/trading-rules
Consistency rule: “For 2 Step Challenges , no single trading day’s profit may represent 40% or more of the total account profit.” www.prime.bullwaves.com/…/trading-rules
Bull Waves minimum trading days and time limit
Rule
What Bull Waves states
Minimum trading days
What Bull Waves states
Applies — 10 active trading days on the 1-step, in each 2-step phase, and on funded accounts before each payout request
In the plan figures
What Bull Waves states
10 days
Time limit
What Bull Waves states
None — No time limit
In Bull Waves's words
Minimum trading days: “2 Step Challenge: minimum 10 active trading days in both Phase 1 and Phase 2.” www.prime.bullwaves.com/…/trading-rules
Time limit: “Traders are granted unlimited time to complete the evaluation.” www.prime.bullwaves.com/…/trading-rules
Bull Waves news trading, EA and copy trading rules
Rule
What Bull Waves states
News trading
What Bull Waves states
Conditional — Holding through news is permitted; no opening or closing positions within 3 minutes before or after a release; bracketing and tight limit orders placed just before high-impact news are prohibited
Expert advisors and automated trading
What Bull Waves states
Conditional — Challenge phase only; all automated strategies, trade copiers and scripted systems are prohibited on funded accounts
Copy trading
What Bull Waves states
Conditional — Mirroring your own trades is permitted (trade copiers in the challenge phase only); copying signals or other users is prohibited, and identical orders by two or more users bring a warning, then a breach
Hedging
What Bull Waves states
Not permitted
Martingale and grid strategies
What Bull Waves states
Not permitted
High-frequency and latency arbitrage
What Bull Waves states
Not permitted
In Bull Waves's words
News trading: “Holding positions during scheduled news events is permitted. However, opening or closing positions within 3 minutes before or after a news release is not allowed.” www.prime.bullwaves.com/…/trading-rules
Expert advisors and automated trading: “EA and trade copiers are permitted during the challenge phase only.” www.prime.bullwaves.com/…/trading-rules
Copy trading: “Using a personal copy trader to mirror your own trades onto your Prime account is permitted.” www.prime.bullwaves.com/…/trading-rules
Hedging: “Opening long and short positions on the same instrument simultaneously (including across multiple accounts) is prohibited.” www.prime.bullwaves.com/…/trading-rules
Martingale and grid strategies: “Doubling or exponentially increasing position sizes after each loss to recover drawdown is strictly forbidden.” www.prime.bullwaves.com/…/trading-rules
High-frequency and latency arbitrage: “Exploiting price discrepancies or platform inefficiencies such as latency arbitrage , triangular arbitrage , or quote manipulation is strictly prohibited.” www.prime.bullwaves.com/…/trading-rules
Bull Waves weekend and overnight holding
Rule
What Bull Waves states
Weekend holding
What Bull Waves states
Conditional — Permitted on the 1-step challenge; 2-step positions must be closed before Friday's market close
Overnight holding
What Bull Waves states
Conditional — Positions may stay open overnight, but all positions must be closed before a payout request and, on the 2-step, before the weekend
In Bull Waves's words
Weekend holding: “2-Step Challenge: All positions must be closed before market close on Friday.” www.prime.bullwaves.com/…/trading-rules
Overnight holding: “A valid trading day is any day on which at least one genuine position is opened, regardless of whether the position remains open overnight.” www.prime.bullwaves.com/…/trading-rules
Other Bull Waves account rules
Rule
What Bull Waves states
Maximum number of accounts
What Bull Waves states
Applies — No stated account count; total allocation is capped at $2,000,000 and hedging between accounts is prohibited
Prohibited instruments
What Bull Waves states
Not stated on the pages we read
Account sharing
What Bull Waves states
Not permitted
Inactivity
What Bull Waves states
Funded accounts inactive for 30 consecutive days are suspended; logging in does not reset the timer and a new evaluation may be required
In Bull Waves's words
Maximum number of accounts: “Multiple challenge accounts are permitted.” www.prime.bullwaves.com/…/trading-rules
Account sharing: “Sharing, transferring, or reselling account credentials is strictly prohibited.” www.prime.bullwaves.com/…/trading-rules
Inactivity: “Funded accounts that remain inactive for 30 consecutive days will be suspended.” www.prime.bullwaves.com/…/trading-rules
Not found on Bull Waves's pages
These were not stated on the pages of Bull Waves's site we read. They may be published somewhere we did not look, which makes them the questions to put to its support desk before paying.
the trailing drawdown level on the 2-step challenge
a profit split for each account, beyond 'up to 80%'
scaling plan terms
which instruments, if any, are prohibited
FAQs
What are Bull Waves's drawdown rules?
Bull Waves's plans state a maximum drawdown of 8% to 10% of the account size (drawdown type: trailing), across 13 plans.
Does Bull Waves have a consistency rule?
Yes. Highest-profit day below 30% of total profit on the 1-step and below 40% on the 2-step, in the challenge and for the life of the funded account; it does not reset after payouts.
Does Bull Waves allow news trading?
Only under conditions. Holding through news is permitted; no opening or closing positions within 3 minutes before or after a release; bracketing and tight limit orders placed just before high-impact news are prohibited.
Does Bull Waves allow EAs and automated trading?
Only under conditions. Challenge phase only; all automated strategies, trade copiers and scripted systems are prohibited on funded accounts.
Does Bull Waves allow copy trading?
Only under conditions. Mirroring your own trades is permitted (trade copiers in the challenge phase only); copying signals or other users is prohibited, and identical orders by two or more users bring a warning, then a breach.
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