How is the total drawdown calculated?

Total drawdown is limited to a maximum loss of 10% of the initial account size. At any stage, your equity in the EverAccount must not fall below 90% of the initial account size. This means that equity should always be higher than 90% of the initial account size to avoid breaking the rules.

For example, for an account with a value of $100,000, the maximum loss limit (10%) would be $10,000. Therefore, if your equity is greater than USD 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 equity takes into account both closed and open positions.

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.

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