3-Step: Drawdown - Max & Daily

Maximum Drawdown:
- Fixed at 8% of the initial account balance across all phases.
- For a $100,000 account, the maximum drawdown is $8,000, regardless of profits made.
Daily Drawdown:
- Set at 4% of the initial account balance, irrespective of current profits or losses.
- For a $100,000 account, the daily drawdown is $4,000 at all times.
- Resets daily at 22:00 UTC (or 21:00 UTC during daylight saving time adjustments where applicable).
Drawdown Policy:
- The drawdown is static and based on the initial balance.
- A hard breach occurs if:
  - The account balance or equity drops 4% ($4,000 on a $100K account) at any time before the reset time.
  - The account balance or equity drops 8% ($8,000 on a $100K account) from the initial starting balance.