The Overall trailing drawdown limit is 3% of the highest recorded balance.
Example: Account Size: $100,000
Current Simulated Profit: 3% ($3,000)
Highest Recorded Balance: $103,000
Trailing Drawdown Calculation: $103,000 – $3,000= $100,000
Scenario 1: Full Withdrawal of Simulated Profits:
The overall trailing drawdown limit will completely reset. Overall limit after withdrawal: $97,000
Scenario 2: Partial Withdrawal of Simulated Profits
Withdrawal Amount: $2,000, Available Drawdown: $3,000
Result: Overall Drawdown Limit becomes $1,000 ($103,000 – $2,000 = $101,000)