How Does the Overall Drawdown Limit for the 1-Step Nitro Static Account Work?

The Overall Drawdown Limit for 1-Step Nitro Static is 6% and remains fixed to the initial balance throughout the account.
​
​Example:
Account Size: $100,000
Overall Drawdown Limit: 6%
​
​Day 1:
Starting Balance/Equity: $100,000
Overall Drawdown: $6,000
Stop-Out Limit: $94,000 ($100,000 - $6,000)
​
​Day 2:
Starting Balance/Equity: $104,000
Overall Drawdown: $6,000
Stop-Out Limit: $94,000 ($100,000 - $6,000)