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We do not require a stop loss on trades.

Example 1: Suppose you start with a $100,000 account, and your Daily Drawdown is 3.5%, while the max trailing is 6%. Your Daily Drawdown limit is $96,500, and your max trailing limit is $94,000. If you earn an $8,000 profit and request a $6,000 withdrawal, your max drawdown will be fixed at $100,000 since your account has reached 6%. This leaves you with only a 2% buffer for max drawdown.

Example 2: Let’s say you initiate a $100,000 account with a Daily Drawdown of 3.5% and a max trailing of 6%. Your Daily Drawdown threshold is $96,500, and your max trailing threshold is $94,000. If you generate a $15,000 profit and request an $8,000 withdrawal, your max drawdown will be set at $100,000 due to the 6% threshold. This provides you with a $7,000 buffer until the max drawdown at $100,000.

Example 3: Consider a $100,000 account with a Daily Drawdown of 3.5% and a max trailing of 6%. The Daily Drawdown limit is $96,500, and the max trailing limit is $94,000. If you make a $6,000 profit and request a $6,000 withdrawal, your max drawdown will be locked at $100,000 since your account has reached the 6% threshold. However, in this scenario, you will fail your account as you have left no buffer, and your account has reached the max drawdown.

Maximum drawdown is the maximum your account can drawdown before you would hard breach your account.

When you open the account, your Max Drawdown is set at 6% of your starting balance. This will be static for the duration of the account.

Daily loss limit for the 1-Phase challenge is calculated as below:

Permitted Daily Allowed Loss = (highest* starting equity/balance) * (allowed daily drawdown percent) / 100

This formula considers the maximum value between equity and balance and calculates the permitted daily allowed loss based on the allowed daily drawdown percentage.

The daily drawdown is calculated based on floating values. Floating values occur when trades are not closed when the day ends. If your ending account balance for the previous day is greater than your account equity your daily drawdown will be based on your balance due to you having a floating loss.

For example:

You start a 100k challenge and open one trade and you are still holding that trade when the day rolls over with a floating profit of $1,500. Your drawdown will be based on your equity because it is greater than then your account balance which is $101,500. Ex:  3.5% of 101,500 is 3,552.50. Your account cannot go below 101,500 – 3,552.50 = 97,947.50.

You start a 100k challenge and open one trade and you are still holding that trade when the day resets with a floating loss of $1,500. Your drawdown will be based on your balance because it is greater than then your account equity which is $100,000. Ex:  3.5% of 100,000 is 3,500. Your account cannot go below 100,000 – 3,500 = 96,500.

$5,000,000

Yes, you can trade news.