The maximum daily loss is set at 5% of your initial account balance.
All 2 Step Pro Models have trailing Drawdown
Daily Drawdown Limit – 5%
What does this mean?
The maximum daily loss allowed is 5% 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 at that time.
How is it calculated?
At the 00:00 UTC day reset:
We check the higher of your account balance or account equity.
We subtract 5% of the initial account balance from this value to determine your daily drawdown limit for the next trading day.
Examples (Based on a $100,000 Account):
$100K Account with $2,000 floating profit at 00:00 UTC:
Account equity = $102,000
Daily loss limit = $102,000 - $5,000 = $97,000
$100K Account with $2,000 floating loss at 00:00 UTC:
Account equity = $98,000, but balance = $100,000 (higher value is used)
Daily loss limit = $100,000 - $5,000 = $95,000
No open trades at 00:00 UTC:
Daily drawdown is calculated as 5% of the closed balance.
If your balance is $101,000, your limit = $101,000 - $5,000 = $96,000
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