BluSkyPro

BluSkyPro Overview

BluSkyPro is a proprietary trading firm specializing in futures trading, designed to provide traders with the capital they need to execute their strategies effectively. This model allows traders to trade without risking their own capital while offering the potential for significant returns. By offering funded accounts ranging from $25,000 to $150,000, BluSkyPro enables traders to prove their profitability and risk management skills through a carefully structured two-step evaluation process. Those who demonstrate consistency and adhere to the firm’s risk management guidelines can progress to trading with real capital in a live funded account.

The futures market is one of the most volatile and potentially profitable markets, offering traders a chance to engage in contracts tied to commodities, financial instruments, and indices. However, with this volatility comes significant risk, and BluSkyPro’s proprietary model is structured to mitigate this risk for traders by offering a controlled environment in which they can hone their strategies and demonstrate profitability.

BluSkyPro’s evaluation process stands out due to its clear rules, risk management emphasis, and the ability to access larger sums of capital without personal risk. This setup is ideal for both novice traders looking to gain experience and seasoned traders aiming to scale their strategies.

Trading Programs

BluSkyPro’s trading programs are designed to guide traders from a simulated environment to a live funded account. The process consists of two main phases: the Evaluation Phase and the BluLive Phase, each with its own set of rules, targets, and risk management requirements.

Evaluation Phase

The Evaluation Phase is the first step in BluSkyPro’s process, designed to assess a trader’s ability to meet profit targets while adhering to strict risk management protocols. The evaluation mimics real market conditions, with the goal of preparing traders for the realities of trading with live capital.

During this phase, traders must meet specific profit targets based on the size of their account. The firm offers several account sizes, each with its own profit target, daily loss limit, and trailing drawdown rules. These parameters ensure that traders are able to generate profits consistently while managing risk effectively.

Account Sizes and Requirements:

• $25,000 account:
• Profit target: $1,500
• Daily loss limit: $600
• Trailing drawdown: $1,200
• $50,000 account:
• Profit target: $3,000
• Daily loss limit: $1,000
• Trailing drawdown: $2,000
• $100,000 account:
• Profit target: $6,000
• Daily loss limit: $2,000
• Trailing drawdown: $3,500

These account sizes offer traders the flexibility to choose an account that best fits their trading style and risk tolerance. Smaller accounts are better suited for conservative traders, while larger accounts offer more leverage for traders willing to take on greater risks.

Additionally, during the Evaluation Phase, traders are required to trade for a minimum of 8 days and follow a 30% consistency rule. This rule restricts daily profits to no more than 30% of the overall profit target, preventing reckless or overly aggressive trading. The aim of this rule is to promote steady and disciplined trading behavior rather than relying on a few lucky trades to pass the evaluation. While breaking the 30% consistency rule does not result in an automatic failure, it does adjust the profit target, requiring traders to demonstrate further consistency.

The evaluation phase is rigorous but designed to ensure that only traders with a solid understanding of risk management and strategy progression are able to move forward.

BluLive Phase

Once traders successfully pass the Evaluation Phase, they progress to the BluLive Phase, where many of the restrictions imposed during the evaluation are lifted. In this phase, traders no longer face daily loss limits, consistency rules, or minimum trading days. This allows for greater flexibility in trading and a more personalized approach to strategy execution.

The main goal of the BluLive Phase is to hit a static drawdown target before transitioning to a fully funded live account. The static drawdown replaces the trailing drawdown used in the evaluation phase, offering a more straightforward risk management model where the drawdown level does not change, regardless of the trader’s performance. This adjustment allows traders to focus on long-term strategy rather than short-term drawdown fluctuations.

The flexibility of the BluLive Phase gives traders the opportunity to adapt their strategies and refine their approach without the constraints of the evaluation rules. However, discipline remains key, as traders must still adhere to the overall risk management guidelines of the firm.

Live Funded Account

Upon reaching the static drawdown target, traders are granted access to a Live Funded Account, where they can trade with real capital and withdraw profits. The transition to a live account is contingent upon meeting all regulatory requirements, including Know Your Customer (KYC) checks and signing a Funded Trader Account Agreement.

The Funded Trader Account Agreement outlines the responsibilities of both the trader and BluSkyPro, ensuring that traders comply with all relevant regulations and standards. It also sets the terms for profit withdrawals and account management, ensuring that traders are fully aware of the rules governing their live account.

BluSkyPro goes beyond simply providing capital, offering ongoing coaching and support to help traders grow their accounts and refine their strategies further. This ongoing mentorship is one of the standout features of the firm, providing traders with the guidance they need to succeed in the long term.

Trading Platforms and Tools

BluSkyPro understands the importance of providing traders with access to reliable and sophisticated trading platforms. To this end, the firm supports several of the most widely-used trading platforms in the industry, ensuring that traders can execute their strategies with ease and precision.

The platforms supported by BluSkyPro include:

• Tradovate: Known for its speed and market depth, Tradovate is a futures-focused platform that offers a range of advanced features. It is accessible via desktop, mobile, and web, making it a versatile option for traders who need access to their accounts across multiple devices.
• NinjaTrader: A popular platform among futures traders, NinjaTrader offers comprehensive charting tools and a wide range of trading capabilities. Its advanced analytics make it ideal for traders who rely on technical analysis and want to customize their trading strategies.
• TradingView: TradingView is well-known for its intuitive interface and powerful charting tools. It allows traders to create and share custom strategies using Pine Script, a simple yet effective scripting language for developing automated trading strategies.
• Rithmic: This professional-grade platform is favored by institutional and algorithmic traders. Its advanced data feeds and execution speed make it ideal for high-frequency trading and other strategies that require precise timing and accuracy.

These platforms provide traders with the flexibility to choose the tools that best suit their needs and trading style. Whether traders prefer traditional charting, automated strategies, or professional-grade data feeds, BluSkyPro has them covered.

Tradable Instruments

BluSkyPro offers a wide variety of tradable instruments, giving traders the opportunity to diversify their portfolios and capitalize on different market conditions. The firm’s focus on futures trading means that traders have access to some of the most popular and liquid futures contracts in the market.

Instruments Offered:

• Stock Indices: BluSkyPro offers futures contracts for major stock indices, including the S&P 500 (ES), Nasdaq 100 (NQ), and Russell 2000 (RTY). These indices represent some of the largest companies in the U.S. economy and are widely traded by futures traders looking to take advantage of market trends.
• Commodities: Traders can access futures contracts tied to commodities like crude oil, gold, and various agricultural products such as corn. Commodities offer a different risk profile compared to stock indices, providing opportunities for traders looking to diversify.
• Micros and Minis: BluSkyPro also provides access to micro and mini futures contracts, which offer smaller position sizes and lower risk compared to their standard counterparts. These contracts are ideal for traders who want to limit their exposure while still participating in the futures market.
• EUREX: For traders looking to diversify globally, BluSkyPro provides access to European futures markets through EUREX contracts. These markets offer additional trading opportunities outside of U.S. markets, allowing traders to take advantage of global economic trends.

The variety of instruments available through BluSkyPro allows traders to develop diverse strategies and manage risk effectively across multiple asset classes.

Profit Split

One of the most appealing features of BluSkyPro is its 80% profit split, allowing traders to retain the majority of their earnings once they begin trading with live capital. This generous profit-sharing model is designed to reward traders for their success and ensure that they are incentivized to perform well.

The profit split is applied once traders have transitioned to their live funded account, giving them the opportunity to withdraw a significant portion of their profits while using the firm’s capital. This structure is ideal for traders who are looking to maximize their earnings without having to risk their own money.

For example, if a trader generates $10,000 in profit in their live funded account, they would keep $8,000, with the remaining $2,000 going to BluSkyPro. This high retention rate is a significant advantage for traders who are confident in their strategies and want to maximize their returns.

Risk Management

BluSkyPro places a strong emphasis on risk management, both during the evaluation process and once traders have transitioned to live accounts. The firm’s risk management protocols are designed to protect both the trader and the firm’s capital, ensuring that traders maintain discipline and avoid reckless trading behaviors.

Key risk management features include:

• Daily Loss Limits: During the Evaluation Phase, traders must adhere to strict daily loss limits. If a trader exceeds the daily loss limit, the evaluation ends, and the trader must restart the process. This rule is designed to prevent traders from taking excessive risks and encourages disciplined trading.
• Trailing Drawdown: The trailing drawdown is a dynamic risk management tool that follows the highest account balance achieved during the Evaluation Phase. As a trader’s account balance increases, the trailing drawdown moves up, effectively locking in profits. If the account balance falls below the trailing drawdown level, the account fails. This feature ensures that traders focus on steady gains rather than high-risk, high-reward strategies.
• Static Drawdown: In the BluLive Phase, the trailing drawdown is replaced by a static drawdown, which remains fixed regardless of the trader’s account performance. This provides a more straightforward risk management approach, allowing traders to focus on long-term strategy development without worrying about drawdown adjustments.

These risk management tools are essential for protecting both the trader and the firm, ensuring that only those who demonstrate consistent discipline and profitability are able to progress to live accounts.

Customer Support

BluSkyPro is committed to providing excellent customer support to its traders. The firm offers support via email and live chat, ensuring that traders can get help when they need it. Whether traders have questions about the evaluation process, platform issues, or account management, BluSkyPro’s support team is available to assist.

In addition to general customer support, BluSkyPro offers personalized one-on-one coaching for funded traders. This coaching is designed to help traders refine their strategies, improve risk management, and grow their accounts over time. The firm’s commitment to ongoing mentorship sets it apart from other proprietary trading firms, providing traders with the guidance they need to succeed.

Frequently Asked Questions (FAQs)

1. What happens if I exceed the daily loss limit during the evaluation phase?

If you exceed the daily loss limit during the Evaluation Phase, the challenge ends, and you must restart the process from the beginning. This rule is designed to enforce strict risk management and prevent traders from taking excessive risks.

2. What is a trailing drawdown, and how does it work?

The trailing drawdown follows your account’s highest balance during the Evaluation Phase. As your balance increases, the drawdown moves up, locking in profits. If your balance drops to the trailing drawdown level, the account fails. This tool is designed to protect both the trader and the firm by ensuring that gains are locked in and losses are limited.

3. How quickly can I access my live funded account once I pass the evaluation?

Once you pass the evaluation and complete the required KYC (Know Your Customer) checks, you can typically access your live funded account within a few business days. The KYC process is necessary to ensure compliance with regulatory standards.

4. Can I use automated trading strategies with BluSkyPro?

Yes, BluSkyPro allows traders to use automated trading strategies. Platforms like NinjaTrader and TradingView support automated strategies, giving traders the flexibility to create and execute algorithms that fit their trading style.

5. What are the benefits of trading micros and minis?

Micros and minis offer smaller contract sizes compared to standard futures contracts, allowing traders to manage their risk more effectively. These contracts are ideal for traders who want to participate in the futures market without taking on large positions.

6. What is the difference between the trailing drawdown and static drawdown?

The trailing drawdown follows your account’s highest balance during the Evaluation Phase, locking in profits as your balance increases. In contrast, the static drawdown, used in the BluLive Phase, remains fixed at a set level, providing a more straightforward risk management approach once traders have progressed to this phase.

7. How does the profit split work?

BluSkyPro offers an 80% profit split, meaning that traders keep 80% of the profits they generate in their live funded accounts. The remaining 20% goes to the firm. This generous split allows traders to maximize their earnings while using external capital.

8. What kind of coaching is available to funded traders?

BluSkyPro provides personalized one-on-one coaching to funded traders, helping them refine their strategies, improve risk management, and grow their accounts. This ongoing support is a key feature of the firm, helping traders succeed in the long term.