Yes. Legacy accounts include a 4% daily drawdown limit, calculated from your starting balance or equity at the beginning of each day (00:00 server time), depending on which value is higher.
In practice, this means we measure your account at the start of the trading day and set the daily loss cap at 4% of that figure. You must remain within that limit during the following 24-hour period.
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 – $4080 (4% of equity at the start of the day)
Stop Out – $97920
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
Please note that the daily drawdown rule applies in addition to the maximum drawdown limit. Violating either of one will result in account breach.