Daily Drawdown: 3% trailing.
This is based off the highest of your balance or equity going into the new day.
Maximum Loss: 6% trailing.
A trailing drawdown means the drawdown level moves up as your account grows, based on the highest balance or equity reached.
The drawdown limits are updated for the new trading day at 22:00pm UTC.
Example: On a $100,000 prop firm account (3% daily drawdown, 6% trailing max drawdown)
(Assume the max drawdown trails your highest equity watermark and stays 6% below it.)
3% Daily Drawdown
If you start the day at $100,000, daily loss limit = $3,000
Daily floor: $97,000
Go below $97,000 equity that day → daily breach
6% Trailing Max Drawdown
Trailing max DD = 6% below your highest equity reached
At any moment: Max floor = High-Water Mark (HWM) × (1 − 0.06)
At the start (HWM = $100,000):
Max floor: $100,000 × 0.94 = $94,000