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 and 3-Step Challenges.
A Trailing Loss system is applied for 1-Step Challenges.
How Is The Trailing Loss Calculated?
Applicable only to 1-Step Challenge.
Trailing Drawdown (6%):
Based on equity and calculated on the maximum balance you’ve reached.
Once your profits exceed 6% of the initial balance, the trailing drawdown locks at the initial capital amount and no longer trails.
Example:
Starting account balance: $100,000
Trailing Drawdown: $94,000
If you make $7,000 in profit:
Your account balance reaches $107,000.
Once your profits exceed 6% of the starting balance ($6,000 in this case), the trailing drawdown locks at $100,000 and stops trailing.