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.
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