![]() ![]() The trailing drawdown will always trail the highest balance or equity by 8%. If your account balance or equity reaches $108,000, your trailing drawdown meter will be set at $100,000. The 8% Maximum Total Drawdown is a trailing metric of the account balance and equity.Įxample: If you start with a $100,000 account, your maximum loss level will be set at $92,000. Counting formula: Highest balance or equity of the day (whichever is higher) – current equity. Be sure not to go 4% lower than the initial balance at reset time, or 4% lower than the highest equity point in one day. (5:00PM EST) Secondarily, this metric is also calculated by the highest equity point. This resets each day at 00:00PM Market Watch Time. The 4% Max Daily Drawdown is originally based on your initial account balance at the reset time, before any trades are executed. Please keep in mind that when a trader is granted a free challenge account through a giveaway, HFT use is not permitted. The strategies above are prohibited during the experienced trader stage as they either cannot be replicated into the live market, thrives on demo conditions only, increases risk, or because they are designed to game the system. We want to be as open as possible when it comes to the trading styles our traders can use. Copy Trading Of Another Persons Signals Or Among Multiple Users On Our Platform.Any Use Of Delayed Data Feeds For Risk-Free Profit.Abusing The Volatility Of News By Placing Gauranteed Limit Order Fills.Hedging Orders Across Multiple Accounts.The most successful traders in the world all have different strategies/backgrounds, and we understand that.Īlthough we enforce no restrictions during the evaluation stage, using the following strategies/approaches during the funded stage is prohibited and will be subject to review: ![]() Whether you trade Support/Resistance, Candlestick Patterns, EA’s, Supply/Demand or Smart Money Concepts, we accept it. We seek traders who are consistent across the board. ![]()
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