# Bull Waves Rules

> 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…

**Source:** https://propfirmpal.com/firms/unverified/bull-waves/rules  
**Generated:** 2026-09-24  
**Publisher:** Prop Firm Pal — independent prop firm comparison

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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 | $5K | 8% ($400) | — | 4% ($200) | 10% |
| 1 Step Challenge | $10K | 8% ($800) | — | 4% ($400) | 10% |
| 1 Step Challenge | $25K | 8% ($2,000) | — | 4% ($1,000) | 10% |
| 1 Step Challenge | $50K | 8% ($4,000) | — | 4% ($2,000) | 10% |
| 1 Step Challenge | $100K | 8% ($8,000) | — | 4% ($4,000) | 10% |
| 1 Step Challenge | $200K | 8% ($16,000) | — | 4% ($8,000) | 10% |
| 1 Step Challenge | $400K | 8% ($32,000) | — | 4% ($16,000) | 10% |
| 2 Step Challenge | $5K | 10% ($500) | Trailing | 5% ($250) | 8% |
| 2 Step Challenge | $10K | 10% ($1,000) | Trailing | 5% ($500) | 8% |
| 2 Step Challenge | $25K | 10% ($2,500) | Trailing | 5% ($1,250) | 8% |
| 2 Step Challenge | $50K | 10% ($5,000) | Trailing | 5% ($2,500) | 8% |
| 2 Step Challenge | $100K | 10% ($10,000) | Trailing | 5% ($5,000) | 8% |
| 2 Step Challenge | $200K | 10% ($20,000) | Trailing | 5% ($10,000) | 8% |

- Plan figures: "400K - 1 Step Challenge" — https://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.

| Topic | What the firm states |
| --- | --- |
| Consistency limit | 30% |
| 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 |

- Consistency limit: "Below 30% for 1 Step Challenges" — https://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." — https://www.prime.bullwaves.com/trading-rules

## Bull Waves minimum trading days and time limit

| Topic | What the firm states |
| --- | --- |
| Minimum trading days | 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 | 10 days |
| Time limit | None — No time limit |

- Minimum trading days: "2 Step Challenge: minimum 10 active trading days in both Phase 1 and Phase 2." — https://www.prime.bullwaves.com/trading-rules
- Time limit: "Traders are granted unlimited time to complete the evaluation." — https://www.prime.bullwaves.com/trading-rules

## Bull Waves news trading, EA and copy trading rules

| Topic | What the firm states |
| --- | --- |
| News trading | 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 | Conditional — Challenge phase only; all automated strategies, trade copiers and scripted systems are prohibited on funded accounts |
| Copy trading | 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 | Not permitted |
| Martingale and grid strategies | Not permitted |
| High-frequency and latency arbitrage | Not permitted |

- 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." — https://www.prime.bullwaves.com/trading-rules
- Expert advisors and automated trading: "EA and trade copiers are permitted during the challenge phase only." — https://www.prime.bullwaves.com/trading-rules
- Copy trading: "Using a personal copy trader to mirror your own trades onto your Prime account is permitted." — https://www.prime.bullwaves.com/trading-rules
- Hedging: "Opening long and short positions on the same instrument simultaneously (including across multiple accounts) is prohibited." — https://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." — https://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." — https://www.prime.bullwaves.com/trading-rules

## Bull Waves weekend and overnight holding

| Topic | What the firm states |
| --- | --- |
| Weekend holding | Conditional — Permitted on the 1-step challenge; 2-step positions must be closed before Friday's market close |
| Overnight holding | Conditional — Positions may stay open overnight, but all positions must be closed before a payout request and, on the 2-step, before the weekend |

- Weekend holding: "2-Step Challenge: All positions must be closed before market close on Friday." — https://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." — https://www.prime.bullwaves.com/trading-rules

## Other Bull Waves account rules

| Topic | What the firm states |
| --- | --- |
| Maximum number of accounts | Applies — No stated account count; total allocation is capped at $2,000,000 and hedging between accounts is prohibited |
| Prohibited instruments | Not stated on the pages we read |
| Account sharing | Not permitted |
| Inactivity | Funded accounts inactive for 30 consecutive days are suspended; logging in does not reset the timer and a new evaluation may be required |

- Maximum number of accounts: "Multiple challenge accounts are permitted." — https://www.prime.bullwaves.com/trading-rules
- Account sharing: "Sharing, transferring, or reselling account credentials is strictly prohibited." — https://www.prime.bullwaves.com/trading-rules
- Inactivity: "Funded accounts that remain inactive for 30 consecutive days will be suspended." — https://www.prime.bullwaves.com/trading-rules

## Not found on Bull Waves's pages

- 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

## Frequently asked questions

### 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.

### Can you hold trades over the weekend at Bull Waves?

Only under conditions. Permitted on the 1-step challenge; 2-step positions must be closed before Friday's market close.

### Does Bull Waves have minimum trading days?

Yes. 10 active trading days on the 1-step, in each 2-step phase, and on funded accounts before each payout request.

### Is there a time limit at Bull Waves?

No. No time limit.

## Related pages

- [Bull Waves profile](https://propfirmpal.com/firms/unverified/bull-waves) — markdown: https://propfirmpal.com/firms/unverified/bull-waves.md
- [Bull Waves payouts](https://propfirmpal.com/firms/unverified/bull-waves/payouts) — markdown: https://propfirmpal.com/firms/unverified/bull-waves/payouts.md
- [Bull Waves web traffic history](https://propfirmpal.com/firms/unverified/bull-waves/traffic) — markdown: https://propfirmpal.com/firms/unverified/bull-waves/traffic.md