The maximum daily loss is set at 3% of your initial account balance.
All 1 Step Models have trailing drawdown.
Daily Drawdown Limit – 3% (Trailing)
What does this mean?
The maximum daily loss allowed is 3% of your initial account balance. This is calculated daily at 00:00 UTC, based on the higher value of either your account balance or account equity.How is it calculated?
At the 00:00 UTC day reset:We check the higher of your account balance or equity.
We subtract 3% of the initial account balance from this value to calculate your daily drawdown limit for the next day.
Examples:
$100K Account with $2,000 floating profit at 00:00 UTC:
Account equity is $102,000.
Daily loss limit: $102,000 - $3,000 = $99,000.
$100K Account with $2,000 floating loss at 00:00 UTC:
Account equity is $98,000, but the balance is $100,000 (higher value used).
Daily loss limit: $100,000 - $3,000 = $97,000.
No open trades at 00:00 UTC:
Daily drawdown is calculated as 3% of the closed balance.
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