Daily Drawdown: 2%
Daily Drawdown: 2%
The daily drawdown limit is determined based on your starting balance or equity, whichever is higher at the beginning of the trading day.
Example 1: Starting a New Day with Floating Profits
Example 1: Starting a New Day with Floating Profits
Balance: $100,000.
At the end of the previous day, floating profits brought your equity to $101,000.
At the start of the new day, the Daily Drawdown is based on the higher value: equity ($101,000).
The Daily Drawdown amount is $2,000, so your limit is $99,000.
Example 2: Starting a New Day with Negative Floating Losses
Example 2: Starting a New Day with Negative Floating Losses
Balance: $99,000.
At the end of the previous day, floating losses left your equity at $98,000.
At the start of the new day, the Daily Drawdown is based on the higher value: balance ($99,000).
The Daily Drawdown amount is $2,000, so your limit is $97,000.
Example 3: Starting a New Day with a Balance Below the Drawdown Limit
Example 3: Starting a New Day with a Balance Below the Drawdown Limit
Balance: $100,000.
At the end of the previous day, floating profits increased your equity to $103,000.
At the start of the new day, the Daily Drawdown is based on the higher value: equity ($103,000).
The Daily Drawdown amount is $2,000, setting the limit at $101,000.
Since your balance ($100,000) is below this limit, your account would be breached.
Tip: Always ensure your balance stays above the new Daily Drawdown limit when carrying floating trades overnight.
Example 4: Starting a New Day with Max Overall Loss Limit Applied
Example 4: Starting a New Day with Max Overall Loss Limit Applied
Balance: $96,000, with floating equity at $96,500.
At the start of the new day, the Daily Drawdown would normally be calculated as $94,500 (equity of $96,500 minus $2,000).
However, the Max Overall Loss Limit of 5% trailing applies, which sets the max loss at $95,000.
In this case, the Daily Drawdown is adjusted to match the Max Overall Loss Limit: $95,000.
Maximum Drawdown: 5%
Maximum Drawdown: 5%
The maximum drawdown is set to trail 5% below the highest equity your account has reached. As your equity increases, the drawdown limit adjusts to stay 5% below the new high.
Example 1: Equity Increases, Adjusting the Max Overall Loss
Example 1: Equity Increases, Adjusting the Max Overall Loss
Starting balance: $100,000.
During trading, your equity increases by 1%, reaching $101,000, setting a new Highest Watermark (HWM).
The max overall loss is now calculated as $101,000 - 5% = $96,000.
If your equity drops below $96,000, your account will be breached.
Example 2: High Equity Reached During the Day but Closed Lower
Example 2: High Equity Reached During the Day but Closed Lower
Starting balance: $100,000.
During trading, your equity reaches a new high of $104,000, setting the Highest Watermark (HWM).
The max overall loss is updated to $104,000 - 5% = $99,000.
However, you close all trades by the end of the day, leaving your equity and balance at $100,000.
On the next day, the max overall loss ($99,000) also becomes the daily drawdown limit, meaning your account will breach if equity falls below $99,000.
Example 3: Floating Equity Marks a New HWM but Balance Causes a Breach
Example 3: Floating Equity Marks a New HWM but Balance Causes a Breach
Starting balance: $100,000.
During trading, your floating equity reaches $103,000, marking a new Highest Watermark (HWM) and setting the max overall loss at $103,000 - 5% = $98,000.
However, you close all trades by the end of the day, leaving your balance at $98,000.
When the new day begins, the max overall loss limit remains at $98,000, which also aligns with the daily drawdown limit for that day.
Since your balance is exactly at $98,000, any drop in equity, even by $1, will cause your account to breach.
Tip: Always ensure your balance stays above the new drawdown limit when carrying floating profits to avoid breaching the next day.
Minimum Trading Days
Minimum Trading Days
7 minimum trading days allows us to better asses your trading style
Profit Threshold
Profit Threshold
You must achieve at least 0.5% profit on 7 separate trading days. These trading days do not need to be consecutive. For instance, if you trade over 10 days, any 7 of those days that meet the 0.5% profit requirement will count.
How Active Trading Days Are Determined
How Active Trading Days Are Determined
Active trading days are based on the Daily Realized PnL.
Daily Realized PnL reflects profits or losses from closed trades on a specific trading day, as it calculates changes in the account balance.
Note: The Results column in the Trader Dashboard is based on equity changes, not realized PnL
Withdrawal Threshold: 4%
Withdrawal Threshold: 4%
The account must reach a 4% profit target in order to withdraw profit.
Leverage
Leverage
Forex & commodities= 1:10
Crypto & Indices= 1:2