Evercrest Drawdown Protector applies to Funded Accounts only.
If your open positions reach a -2% unrealised loss based on your account balance, Evercrest Drawdown Protector will automatically close all open trades across all symbols. The -2% unrealised loss is for ALL account types except Static Instant Funding.
This is considered a soft breach for the 1st time the drawdown protector triggers, meaning you can continue trading immediately with no additional restrictions.
Example:
If you have a $100,000 account with multiple open positions and your combined open PnL reaches -$2,000 (2%), Evercrest Drawdown Protector will automatically close all open trades to prevent further drawdown. You may then continue trading as normal.
On Static Instant Funding Accounts, the unrealised loss where the Drawdown Protector will trigger is -1%.
The 1st time the drawdown protector is triggered your pay out split will drop to 50%.
The 2nd time the drawdown protector is triggered will result in a hard breach & a forfeit of your account.