1-Step Evaluation Drawdown
Maximum Daily Loss Calculation
The maximum daily loss limit is calculated as 4% of the starting balance for each trading day, based on the account balance or equity at the daily candle close, whichever is higher.
Maximum Total Loss
The max simulated drawdown is still set at 6% trailing from your highest simulated balance or equity achieved.
Example
Consider starting with a $100,000 demo account, a daily simulated drawdown level of $96,000, and a max trailing simulated drawdown of $94,000. If you realize a simulated profit of $5,000, elevating your demo account balance to $105,000, the new daily simulated drawdown level for the next day becomes $100,800 (computed as $105,000 - 4%). The max simulated trailing drawdown will be $98,700 (computed as $105,000 - 6%) as it trails from the highest recorded simulated balance of $105,000. Similarly, if you attain a simulated profit of $9,000 at any point in time, the max simulated trailing drawdown will be $102,460 (computed as $109,000 - 6%). Notably, simulated drawdown encompasses profits, losses from closed positions, swap fees, and commissions associated with simulated trading.
Watch Your Trades: If your trade increases your account equity by 6% or more but you do not close it and take profits, your balance will not update, and the account may breach the trailing drawdown limit.
Resetting Simulated Daily Drawdown and Max Simulated Trailing Drawdown:
The daily simulated drawdown resets every day at 22:00 UK time. The max simulated trailing drawdown is always based on the highest recorded simulated balance or equity.
Please note that if your floating loss, closed balance, or equity exceeds the daily loss or maximum loss limit, the account will be hard breached and will no longer be valid for trading.