For a 1-phase evaluation, the maximum allowable daily drawdown is 4%. In a 2-phase evaluation, the maximum allowable daily drawdown 5%.
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Daily drawdown is balance based. This value is static and is calculated based on your balance from the previous day's closing, which takes place at 01:00 AM GMT +2.
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This represents the daily loss limit that must not be exceeded. It is calculated based on your Balance from the previous day's closing, which takes place at 01:00 AM GMT +2.
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Example 1: if your maximum daily loss is capped at $4,000 and your Balance at the close of Monday - 01:00 AM GMT +2 was $105,000, your equity for Tuesday MUST NOT drop below $101,000.
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Example 2: if your maximum daily loss is capped at $4,000 and your Balance at the close of Wednesday - 01:00 AM GMT +2 was $99,000, your equity for Thursday MUST NOT drop below $95,000.
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