The Overall Drawdown rule represents the maximum amount you can lose at any given time throughout the duration of your challenge. This limit is based on your starting balance and remains fixed (static) throughout the challenge. If your equity drops below the specified overall drawdown limit, it will result in an automatic failure of your challenge.
What are the Overall Drawdown limits for each Funded Account Challenge?
For the Regular Two-Phase Challenge, the Overall Drawdown limits are as follows:
Phase 1: 10% of the initial balance
Phase 2: 10% of the initial balance
Funded Account Phase: 10% of the initial balance
How can I track my Overall Drawdown limit?
We calculate your Overall Drawdown limit for you, and you can track your current performance in your dashboard by accessing the Challenge Account page.