1. As your account balance increases, the Pro Drawdown EOD adjusts upward by a fixed increment.
2. The Pro Drawdown EOD is calculated dynamically at the end of each trading day.
3. If your account balance decreases, the Drawdown value remains unchanged.
To monitor your Pro Drawdown EOD, you can use Rithmic RTrader Pro’s Auto Liquidate Threshold Value feature.
You can also view your Pro Drawdown EOD in the dashboard at the end of each trading day.
Once the Pro Drawdown EOD reaches your initial starting balance, it becomes fixed for the remainder of your evaluation. If your account balance touches or falls below this value, your evaluation account becomes ineligible for funding. The calculation of the Pro Drawdown EOD includes simulated commissions and fees.
Example: For a $50,000 account with a $2,500 drawdown limit, if the trader earns $500, the drawdown rises accordingly. This means that the account would not be lost at $47,500, but rather at $48,000.
However, if the trader has managed to make a profit of over $2,500, then the drawdown will no longer follow, but will remain at the initial balance. In this case, at $50.000.
Commissions are 1% of the margin.
The Pro Drawdown EOD is set at $3,500.
Day 1: Open position balance: +$100,200 → Closed at $100,000 → Drawdown: $96,500
Day 2: Open: +$100,500 → Closed at $99,000 → Drawdown: $96,500
Day 3: No trades → Balance: $99,000 → Drawdown: $96,500
Day 4: Open: +$102,000 → Closed at $100,000 → Drawdown: $96,500
Day 5: Open: +$108,000 → Closed at $105,000 → Drawdown: $100,000
Note:Unrealized winnings are not included in the Pro Drawdown EOD calculation.
ONLY FOR FUNDED ACCOUNTS
To ensure consistent risk management and promote sustainable trading behaviors, traders are subject to a daily loss limit. On any given trading day, a trader is only permitted to incur a loss up to 50% of the End-of-Day (EOD) drawdown limit. Surpassing this daily threshold is considered a rule violation. This measure is in place to help traders maintain their accounts for longer durations and encourage prudent trading habits.
N.B.. The daily loss limit applies to both the current trading day and any open positions. If a position is held overnight, the daily loss does not reset.
Understanding the Daily Loss Limit:
The Daily Loss Limit is calculated based on the starting balance of each trading day, not the initial Drawdown Limit or fluctuating account balance. For instance, if you begin the trading day with a balance of $50,000, your Daily Loss Limit will be set at $1500 (3% of $50,000). Even as your account balance changes throughout the day due to profits or losses, the Daily Loss Limit remains fixed based on that day’s opening balance. This structure is designed to foster consistent risk management practices among our traders.
Please ensure that you do not exceed the Daily Loss Limit, as this constitutes a rule violation and will result in the permanent closure of your account.
The Target is the minimum amount a trader must achieve to qualify for a performance account.
To qualify for placement with our funding partners, you must engage in trading activities for a minimum of 1 trading day in both 1-step and 2-step accounts.
Please keep in mind that you are free to trade on a holiday or during the holidays. However, it's important to note that it will not be counted or considered a trading day except for the crypto market.