Yes, on the Challenge accounts the daily drawdown is 4% of your starting balance at the start of each day (00.00 server time). This means that we will calculate 4% of your balance at the start of each day and you will not be allowed to lose more than this throughout the next 24 hours.
Example 1
Starting Balance – $100000
Starting Equity – $100000
Allowed daily DD – $4000
Stop out – $96000
Example 2
Starting Balance – $100000
Starting Equity – $102000
Allowed daily DD – $4000 (4% of the balance at the start of the day)
Stop Out – $96000
Example 3
Starting Balance – $102000
Starting Equity – $100900
Allowed daily DD – $4080 (4% of starting balance at the start of the day)
Stop Out – $97920
