The 2-Step Challenge subscription has two drawdown limits:
- Maximum Overall Drawdown 8%
- Maximum Daily Drawdown 4%
Drawdown is monitored using equity, meaning closed losses and floating P&L are combined when calculating your current drawdown.
Maximum Overall Drawdown
The maximum overall drawdown is the maximum amount your account is permitted to lose from its applicable starting level.
Maximum Daily Drawdown
The maximum daily drawdown is the maximum amount your account is permitted to lose within the applicable daily period.
Floating losses count towards your drawdown even if the position remains open.
If your equity reaches either the overall or daily drawdown limit, the account will be breached.