1 PHASE CHALLENGE
Max drawdown will remain at 6% trailing of your Highest Watermark Closing Trade made. If your account reaches 6% of your starting balance your trailing Drawdown will lock in at your starting balance.
Once your Drawdown is locked in at your starting balance we add a fixed 1% buffer on the account. This way you cannot withdraw all the profit and breach your account.
Example 1: You have a 100k account.Your Daily drawdown is a fixed 3% and your Max Trailing is 6%. Your Daily drawdown level is $97,000 and your Max trailing is $94,000. If you make $8,000 profit, once your account has made over 6% of the starting balance your Trailing now locks in at $100,000. It no longer trails. Drawdown includes profits and losses from closed positions, swap fees and commissions.
Example 2: You start out with a 100k account. Your Daily drawdown is 3% and your Max Trailing is 6%. Your Daily drawdown level is $97,000 and your Max Trailing is $93,000. Lets say you make $5,000 profit. This puts your account at $105,000. The next day your Daily drawdown will be $105,000- $3000 = $102,000. Your Max trailing drawdown is $105,000-$6,000 = $99,000. Your new Max trailing drawdown is $99,000 because it trails from your highest recorded balance which was $105,000.
Daily drawdown will reset each Day at 5PM EST. Max Trailing will always be from Highest recorded balance unless you achieve 6% from your starting balance.
2 PHASE CHALLENGE
The Maximum Total Loss is the overall amount a trader can lose on their account.
The maximum total loss allowed in your account is 8%. Example using a $100,000 account: Max total loss is 8% of your initial balance = $8,000. Your account equity including unrealized/floating positions must not hit/exceed below $92,000.
2 PHASE PRO CHALLENGE
The maximum total loss allowed in your account is 10%. Example using a $100,000 account: Max total loss is 10% of your initial balance = $10,000. Your account equity, including unrealized/floating positions, must not hit or fall below $90,000.
3 PHASE CHALLENGE
The maximum total loss allowed in your account is 8%. Example using a $100,000 account: Max total loss is 8% of your initial balance = $8,000. Your account equity including unrealized/floating positions must not hit/exceed below $92,000.