What is the maximum drawdown (overall and/or trailing)?
The Trailing Max Drawdown for each account is fixed at account creation (see Section 1). It ratchets upward based on new end‑of‑day closed balance highs and never decreases. Open, unrealized P&L does not move the trailing drawdown.
What is the daily loss limit?
The Daily Loss Limit for each account (see Section 1) applies to the sum of realized and unrealized losses intra‑day. Reaching the limit stops evaluation trading for that day.
How is each drawdown measured—end‑of‑day, intraday, open‑equity, or closed P&L?
- Trailing Max Drawdown: calculated on closed balance and ratchets at end of day when a new high is reached.
- Daily Loss Limit: calculated on realized + unrealized P&L intraday.
What happens if I breach a drawdown or daily loss limit?
The evaluation fails immediately and the account is locked. See Reset Policy for renewal/reset rules.