Simulated Maximum Loss on 2-step Accounts
On 2-step accounts, the simulated maximum total loss allowed in your account is 8%. This applies to all stages of your evaluation, and also to the funded stage of the account.
The simulated max total loss is set at 8% of your starting balance, and will not change throughout your evaluation.
Example using a 2-step $100,000 account:
Simulated max total loss is 8% of your initial virtual balance = $8,000.
Your account equity including unrealized/floating positions must not hit/exceed below $92,000.
Simulated Maximum Loss on 3-step Accounts
On 3-step accounts, the simulated maximum total loss allowed in your account is 5%. This applies to all stages of your evaluation, and also to the funded stage of the account.
The simulated max total loss is set at 5% of your starting balance, and will not change throughout your evaluation.
Example using a 3-step $100,000 account:
Simulated max total loss is 5% of your initial virtual balance = $5,000.
Your account equity including unrealized/floating positions must not hit/exceed below $95,000.
Violations
Any violation of the rules above will result in the termination of your simulated trading account and you will not be eligible to move forward in the program with that account. Please note both the simulated daily drawdown and max drawdown breach on an account include simulated commissions, simulated swap fees, and simulated dividends as well.