**Express Challenges**

**How is the Daily Drawdown (DD) calculated?**

The Daily Drawdown is a constant 3% of the starting balance trailing from the Highest Watermark (HWM) of all trades (Highest Equity).

**Example:**

You have a 100k account.

Your Daily Drawdown is trailing 3% ($3,000) and your Max Drawdown is trailing 4% ($4,000).

Your Daily drawdown level is $97,000 and your Max total Drawdown is $96,000.

Supposing the account is brought up to $103,000 in floating profit, the Daily Drawdown limit should now be $100,000 and the Max total Drawdown limit will now be $99,000.

Daily Drawdown and total Drawdown will always be trailing the Highest Watermarmark of all trades and should only lock the max total Drawdown on the starting balance after you close +4% of profit.

**1-Step & 2-Step Challenges**

**How is the Daily Drawdown (DD) calculated in 1-Step and 2-Step Challenges?**

The Daily Drawdown is a constant 4% in 1-Step and 3% in 2-Step (or 5% if you acquired your challenge with Add-On) of the starting balance which subtracts from the Balance/Equity, whichever is higher at the start of the day.

This is a static drawdown, meaning they have the advantage of floating in profits without affecting their current daily drawdown.

**Example 1:**

You have a 100k account.

Your Daily Drawdown is static 3%. That mean that the maximum it can go down to is $97,000.

The Equity can go to $103,000 (3%) and come back down to $97,000(-3%) the same day and still be able to trade.

**Example 2:**

You have a 100k account and you swing into the next day with an equity of $102,000.

Your Daily Drawdown would be calculated based on the highest statistic, which would be $102,000.

If your next day's Daily Drawdown is at $99,000 (3%) or $97,000 (5%) depending on the challenge.

Your Maximum total Drawdown will remain static from the starting balance of $100,000. That mean that the maximum it can go down to is $94,000 (6%) in 1-Step Forex, $92,000 (8%) in 2-Step Forex and $90,000 (10%) in 2-Step Stock.

**Reset Times for Daily Drawdown Limits:**

New York: Resets at 22:00 EST (UTC-5)

Los Angeles: 15:00 PST

London: 23:00 GMT

Dubai: 03:00 GST

Tokyo: 08:00 JST