1-Step General Trading Rules
Rule Area Assessment Live Notes Equity Growth Target 10% – Live Account has no limit Daily Loss Limit 5% 5% Equity-based, limit set by prior day balance Max Drawdown 6% 6% Equity-based, trailing account balance high water mark, locks in at starting account balance Inactivity Period 30 Days 30 Days Must place trade Leverage 1:30 […]
How do you calculate the 6% Maximum Trailing Drawdown?
The Maximum Trailing Drawdown is initially set at 6% and trails (using CLOSED BALANCE – NOT equity) your account until you have achieved a 6% return in your account. Once you have achieved a 6% return the Maximum Trailing Drawdown no longer trails and is permanently locked in at your starting balance. This allows for […]
