Maximum Daily Drawdown:

We tried to develop the most simple draw down rule possible.

The maximum Daily Drawdown Limit is 5% of your starting balance and does not trail or change.

Example 1:

If you have a 100k Challenge, your Daily drawdown will be fixed to $5000.

Day 1:

Starting day simulated Balance/Equity: $100,000
Allowed Daily Drawdown as always is $5,000, breach level will be $95,000 in equity

Day 2:

Starting day simulated Balance/Equity: $110,000
Allowed Daily Drawdown: $5,000, breach level is now $105,000 in equity.

The daily draw down limit is reset at 00:00 UTC

For clients using the dashboard prior to April 15 2024 the below daily loss draw down rule applies

It is extremely important you understand how the daily loss rule works, to avoid an accidental challenge failure. We tried to keep this as simple as possible, because other firms tend to complicate the process for no reason.

Your equity / floating loss / drawdown cannot be greater than 5% of your daily balance. Please note your account balance resets each day at 00:00 UTC each day.
Please bear in mind that only losses are tallied, without factoring in intermediate gains; gains do not offset losses until the reset.

Example 1

You start your challenge on a $100,000 account, This means your equity cannot go lower than $95,000.

Example 2

You made a profit of $5,000 and your account balance is now $105,000, This means your equity or drawdown at no point in time can go lower than $99,750.

Daily Loss = Account Balance X 5%