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.
FAQ
Who we are and what we do
EverAccount
EverTrader Evaluation program and rules
Trading platform
Trading rules and conditions
EverTrader app
Payments and administration
About EverTrader
Do you have any other questions? Jump on a chat with us or send us an email.
We are available 7 days a week.