How is the maximum overall drawdown limit calculated?
Max Overall Loss is based on the initial account balance.
We will use a $100,000 Elite Challenge (11% Max Overall Loss) account for this example:
Initial Balance: $100,000
Overall Loss: 11% = $11,000
If the trader reaches a $89,000 equity or balance, the rule would be breached and challenge would be failed.
Related Articles
What is the maximum overall drawdown limit?
Max Overall Loss is based on the initial account balance and it varies between our Challenge Offerings. Elite Accounts - Step 1 (Evaluation): 11% Maximum Overall Loss - Step 2 (Verification): 11% Maximum Overall Loss - Step 3 (Funded): 11% Maximum ...
How is the maximum daily drawdown limit calculates? (Prop Specific)
Max Daily Loss is based on the initial account balance. We will use a $100,000 Elite Challenge (8% Max Daily Loss) account for this example: Initial Balance: $100,000 Daily Loss: 8% = $8,000 Starting point for this is the start of the day according ...
What is the maximum daily drawdown limit?
Max Daily Loss is based on the initial account balance and it varies between our Challenge Offerings. Elite Accounts - Step 1 (Evaluation): 8% Maximum Daily Loss - Step 2 (Verification): 8% Maximum Daily Loss - Step 3 (Funded): 8% Maximum Daily Loss ...
Do I have to follow daily loss and overall loss rules?
Traders must stick to the daily loss limit and overall loss limit rule when trading with any of our Funded Forex accounts. The daily loss limit puts a cap on the maximum losses (realized or unrealized) allowed in a single day, while the overall loss ...
How are trading days calculated? (Prop Specific)
Trading days are taken in consideration only the days where a trade was opened, lasted for at least 30 seconds and the lot size is relevant/similar to the rest of trading days. If it’s pretty obvious that you opened a 0.01 lot that lasted 31 seconds ...