![]() So if you have $105,000 minus 10%, your new high watermark is at $94,500. So how it’s calculated is, if you have $105,000 balance at the end of day two, that is your new high watermark. This is not per day, this is your total limit. You’re on a hare account, so 10% maximum drawdown is your limit. Let’s say on day two, you smash it out of the park and your balance goes up to $105,000. Now the new day starts, your new high watermark is at $101,000. You close that off and you’ve got $101,000 in balance. So let’s say for example, you start with a $100K account here and during the day you move that up, and you close some profits and you’re at $101,000. Now start of each day, the high watermark is recorded based on the highest closing balance of that given day. Remember that everything that we cover here is inside your dashboard and you can see it in real time. So please review what the percentage is for each account type based on the challenge that you’ve purchased or are looking to purchase. This percentage is different on the turtle and hare challenges. The maximum trailing drawdown is the maximum that your account can be drawn down based on the equity before your account would be closed, or your challenge account would unfortunately be failed. In this video, we’re going to cover how we calculate the maximum trailing drawdown. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown.How We Calculate The Maximum Trailing Drawdown ![]() Simulated trading programs, in general, are also subject to the fact that they are designed with the benefit of hindsight. Also, because the trades have not actually been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Unlike an actual performance record, simulated results do not represent actual trading. Past performance is not necessarily indicative of future results.ĬFTC Rule 4.41 – Hypothetical or Simulated performance results have certain limitations. Nothing contained herein is a solicitation or an offer to buy or sell futures, options, or forex. Only risk capital-money that can be lost without jeopardizing one’s financial security or lifestyle-should be used for trading and only those individuals with sufficient risk capital should consider trading. An investor could potentially lose all or more than the investor’s initial investment. Use of the information contained on the Company’s websites is at your own risk and the Company and its partners, representatives, agents, employees, and contractors assume no responsibility or liability for any use or misuse of such information.įutures and forex trading contain substantial risk and is not for every investor. Testimonials appearing on the Company’s websites may not be representative of other clients or customers and is not a guarantee of future performance or success. None of the information provided by the Company or contained herein is intended as (a) investment advice, (b) an offer or solicitation of an offer to buy or sell, or (c) a recommendation, endorsement, or sponsorship of any security, company, or fund. If repeat violations, Topstep may ban the trader from use of all or a portion of the Site and Services.Īll content published and distributed by Topstep LLC and its affiliates (collectively, the “Company”) is to be treated as general information only. ![]() If Topstep identifies trading activity that, in its sole discretion, relates to Prohibited Conduct, Topstep reserves the right to, delete the trading day and all profits, restart the account or close the account. To mitigate Prohibited Conduct, gambling behavior and exploiting the simulated environment, all trading accounts that have any trade day that exceeds 200 total contracts will be subject to review by our Risk and Compliance Team. **The 10K Swing Trading Combine is no longer available for purchase** Do not hit or exceed the Daily Loss Limit or your account will be deactivated for that trading day.The Consistency Target states that the Best Day must be below 40% of the total profits made.Payouts are only available in the Funded Account® and Premium Funded Account® A payout is not available in the Pro Account®. The profit target must be reached in order to proceed to the Premium Funded Account®.Do not allow your Account Balance to hit or exceed the Trailing Maximum Drawdown.Only trade permitted products during permitted times.Details related to the Swing Pro Account® can be found here. The rules for the Pro Account® are similar to the rules that you had in the Trading Combine® Step 2. **The Pro Account is no longer available** Pro Account™ Rules
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |