How is the total drawdown calculated?
The total drawdown is a maximum loss limit of 10% of the initial account size. Therefore, your EverAccount equity cannot fall below 90% of the initial account size in each phase. This means that the equity should always be higher than 90% of the original account size in order to not breach the rules.
For example, for a $100,000 account, the maximum loss limit (10%) is $10,000. So if your equity is more than $90,000, you will not exceed the total drawdown.
Note that the total drawdown does not reset every day like the daily drawdown.
Also note that the equity considers closed and opened positions.
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