3-Step Challenge - Elite (Funded Stage)
The Simulated Maximum Total Drawdown for the 3-Step Challenge - Elite (Funded Stage) is 5% of your initial account size, until you make your first withdrawal and your Max Drawdown will lock at the initial balance.
Example:
If you start the challenge with an account balance of $100,000, the maximum total drawdown allowed would be:
- Simulated Maximum Total Drawdown = $100,000 * 5% = $5,000.
Thus, throughout the duration of the Elite Funded Stage, your account’s balance or equity should not fall below $95,000.
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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