Understanding Challenge Status

Every challenge has a status that tells you where it stands in the evaluation process. Keeping status up to date helps you maintain an accurate picture of your challenge pipeline.

The Five Status Options

Not Started

What it means: You've purchased the challenge but haven't begun trading yet.

When to use:

  • You bought the challenge but it hasn't activated

  • You're waiting for your start date

  • You purchased in advance and haven't logged in yet

Color: Yellow/Orange badge

Active

What it means: You're currently trading this challenge.

When to use:

  • You've made your first trade

  • The evaluation period has begun

  • You're actively working toward the profit target

Color: Blue badge

Completed

What it means: You passed the challenge successfully.

When to use:

  • You met all requirements (profit target, minimum days, rules)

  • The prop firm confirmed you passed

  • You're waiting for (or have received) your funded account

Note: A completed challenge isn't the same as a funded account. Use "Completed" when you pass, then convert to a funded account when funding is confirmed.

Color: Green badge

Failed

What it means: You didn't meet the requirements.

When to use:

  • You hit the max loss limit

  • You violated a trading rule

  • The time expired without meeting targets

  • You chose to abandon the attempt

Color: Red badge

Converted to Funded

What it means: This challenge became a funded account.

When to use:

  • This status is set automatically when you convert a challenge to a funded account

  • You typically won't set this manually

Color: Purple badge

How to Update Challenge Status

  1. Click on a challenge in the table to open the detail drawer

  2. Find the status field in the Overview tab

  3. Click to change the status

  4. Select the new status from the dropdown

  5. Changes save automatically

You can also use the three-dot menu (⋮) on each row for quick status changes.

When to Update Status

Keep your status current with these guidelines:

Update to Active when:

  • You place your first trade

  • The challenge officially starts

  • You begin actively working on it

Update to Completed when:

  • You meet all profit targets

  • You complete all required phases

  • The prop firm confirms you passed

Update to Failed when:

  • You breach a rule (drawdown, etc.)

  • You decide to abandon the challenge

  • Time expires without completion

Don't wait for official confirmation if it's clear what happened. If you hit max loss, update to Failed right away. You can always change it if circumstances change.

Status vs. Outcome

In the interface, you might see "Status" and "Outcome" used interchangeably. They mean the same thing—where the challenge stands in its lifecycle.

Status Affects Your Dashboard

Your Dashboard uses challenge status to calculate metrics:

  • Active challenges count shows challenges with "Active" status

  • Challenge costs include all challenges regardless of status

  • Pipeline view groups challenges by status

Keeping status accurate ensures your Dashboard reflects reality.

Can I Change Status After Setting It?

Yes, you can update status at any time. Common scenarios:

Failed → Active: If you received a free retry on the same challenge (not a new purchase), you might revert to Active.

Completed → Converted to Funded: This happens automatically when you use the conversion feature.

Active → Not Started: Maybe you marked it Active too early—you can change it back.

The platform maintains a history of changes, so you'll always have a record of status transitions.

Status and the Conversion Feature

Only challenges with "Completed" status can be converted to funded accounts. The conversion feature checks:

  1. Status is "Completed"

  2. End date is set

  3. All phases are marked complete

If your challenge qualifies, you'll see the "Convert to Funded Account" option in the drawer.

Best Practices

  1. Update status same-day — Don't let challenges sit in the wrong status

  2. Check weekly — Review your Active challenges to ensure nothing changed

  3. Mark failures promptly — It's better to acknowledge a loss than pretend it didn't happen

  4. Use the timeline — The challenge detail drawer shows status history

Accurate status tracking gives you a realistic view of your pipeline—how many evaluations are in progress, how many succeeded, and how many didn't work out.

Next: Managing Challenge Phases →