During the evaluation phase, we carefully monitor your performance and apply risk management mechanisms to help you succeed as a trader.
Authorized Drawdown Management
Your authorized drawdown is calculated at the end of each trading day, and this calculation does not change during the day. However, if your balance reaches and exceeds the value of your drawdown limit, you will be liquidated. When your account balance reaches a new profit peak at the end of the trading day, the drawdown is calculated taking into account only the profits realized at that time, excluding unrealized profits.
Trailing End of Day
Trailing end of day involves automatically adjusting the daily stop-loss level as your capital moves upward. The daily stop-loss level is adjusted at the end of each trading session, which ends at 10:00 PM UTC+2.
How It Works — Example
If your starting capital is $50,000, you have a stop-loss of $2,500 for the day. You cannot go below $47,500 or you will be liquidated. If you end the day at +$500 profit, your stop-loss will be automatically adjusted to -$2,500 against your new balance at the end of the day, bringing your liquidation price to $48,000 instead of $47,500.
On evaluation accounts: The EOD Drawdown always persists until the end of the evaluation.
On funded accounts: Your EOD Drawdown stops at $50,100 for a 50K account and at $100,100 for a 100K account. Once the EOD Drawdown reaches these limits, it will no longer trail.
Important: Your liquidation price remains fixed for the day. Regardless of the gains made during the day, you will only be liquidated when your capital reaches the day's limit. For example, if you start with $50,000 and your liquidation value is $47,500, even if you make $1,000 in the morning, your EOD stop loss remains at $47,500 — allowing a maximum loss of $3,500 for the rest of that day.
Note — Express to Live accounts: E2L accounts use a static drawdown, not EOD trailing. The EOD rules described above do not apply to E2L accounts. See the Express to Live Account Rules section for details.