Go to ElevatingTraders

Elevating Traders Help and Support Centre

Search For Answers to Your Questions

Simulated Maximum Daily Drawdown - (Instant Funded Account)

Is there a Simulated Maximum Daily Drawdown rule for the Instant Funded Account?
Avatar
zosia
Updated 3 weeks ago

Instant Funded Account - Elite (Funded 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, it will result in termination of the account.


NOTE: Maximum Daily Drawdown is the largest allowable loss within a single trading day, promoting responsible daily trading practices. 


Related Articles:

See Also:



Was this article helpful?
😞 😐 😃