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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