1-Step: Drawdown - Max & Daily

  • Maximum Drawdown:

    • 6% trailing stop based on the highest recorded account balance or equity.
    • For a $100,000 account, the maximum drawdown is $6,000, which trails from the highest watermark (highest equity or balance recorded).
  • Daily Drawdown:

    • Set at 3% of the initial account balance, irrespective of current profits or losses.
    • For a $100,000 account, the daily drawdown is $3,000 at all times.
    • Resets daily at 22:00 UTC (or 21:00 UTC during daylight saving time adjustments where applicable).
  • Drawdown Policy:

    • The maximum drawdown is trailing but fixed at a $6,000 limit, moving with the highest watermark reached.
    • A hard breach occurs if:
      • The account balance or equity drops 3% ($3,000 on a $100K account) at any time before the reset time.
      • The account balance or equity drops $6,000 from the highest recorded balance or equity.

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