2-Step Challenge - Intermediate (Evaluation Stage)
The Simulated Maximum Total Drawdown for the Intermediate Phase of the 2-Step Challenge is 10% of your initial account size.
Example:
If you start the challenge with an account balance of $100,000, the maximum total drawdown allowed would be:
- Maximum Total Drawdown = $100,000 * 10% = $10,000.
Thus, throughout the duration of the Intermediate (Evaluation Stage), your account's balance should not fall below $90,000.
Exceeding this drawdown limit can result in a review or termination of your participation in the challenge, as it indicates a breach of the established risk management protocols.
NOTE: Maximum Total Drawdown refers to the largest permissible loss from your account's highest point over the entire evaluation period, ensuring long-term risk management.
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