In a 1-phase evaluation, the maximum overall drawdown allowed is 6%. For a 2-phase evaluation, the maximum overall drawdown limit is set at 10%.
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Overall 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.
This represents a static value that your equity or balance should never fall below at any point in time. For instance, if your static overall drawdown is set at $94,000, it implies that your equity or balance value must always remain above $94,000.
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