2-Step Challenge - Apprentice (Evaluation Stage)

The Simulated Maximum Daily Drawdown is capped at 4% of your initial account size. This means you must manage your trades such that your account’s equity or balance does not decrease by more than 4% in a single trading day.

For Example:

If your account starts the day with a balance of $100,000, you are allowed a maximum daily drawdown of:

• Maximum Daily Drawdown = $100,000 * 4% = $4,000.

Therefore, to comply with this rule, your equity or balance must not drop to less than $96,000 by the end of the trading day.

Should your account’s balance fall below this threshold, there are protocols in place to address the breach of this limit.