How Is The Daily And Overall Maximum Loss Calculated?
Maximum Daily Loss:
2-Step Challenge: 5% of your starting balance, calculated at 00:00 AM UTC.
1-Step Challenge: 4% of your starting balance, calculated at 00:00 AM UTC.
3-Step Challenge: 5% of your starting balance, calculated at 00:00 AM UTC (for all phases).
Maximum Overall Loss:
Fixed at 10% of the initial account balance for 2-Step
Fixed at 8% of the initial account balance for 3-Step
A Smart Drawdown system is added for the 1-step Challenge.
How Is The Smart Drawdown Loss Calculated?
Applicable only to 1-Step Challenge.
Total Smart Drawdown (6%):
Based on equity and calculated on the maximum balance you’ve reached.
Example:
Starting account balance: $100,000
Trailing Drawdown: $94,000
If you make $6,000 in profit:
Your account balance reaches $106,000.
the trailing drawdown is at $100,000