The 1-Step Lite Challenge has two drawdown limits:
- Maximum Overall Drawdown
- Maximum Daily Drawdown
Both limits are trailing and move upwards as your account reaches new highs.
Drawdown is monitored using equity, meaning closed losses and floating P&L are combined when calculating your current drawdown.
Maximum Overall Drawdown
Your overall drawdown determines the lowest equity your account is permitted to reach.
As your account reaches new highs, the applicable drawdown level moves upwards.
Maximum Daily Drawdown
Your daily drawdown determines the maximum amount your account can lose within the applicable daily period.
Floating losses are included in this calculation, even if the position remains open.
If your equity reaches either drawdown limit, the account will be breached.