Max Overall Drawdown | 10%
The maximum total drawdown is 10%. Therefore, the equity of the account must not fall below 90% of the initial account balance both for open and closed positions, including commissions and swaps.
For example, if you start with a $100,000 account your max overall loss will be set at 10% ($10,000). This means your account should never go below $90,000 in equity at any given time.
If a drawdown violation occurs, you will fail the evaluation and will have to purchase a new account.
Note: Violating the Max Overall Drawdown rule will result in the termination of your trading account and you will not be eligible to move forward in the program with that account.