The Maximum Daily Drawdown Limit is 2% of the Initial Balance.
Example 1:
For a $100,000 1-Step Nitro Pro Evaluation, the Daily Drawdown is 2% of the Initial Balance.
Day 1:
Starting Balance/Equity: $100,000
Allowed Daily Drawdown: 2% of $100,000 = $2,000 (stop-out limit = $98,000)
Example 2:
Day 2:
End of Day Balance (Day 1): $104,000
End of Day Equity (Day 1): $103,000
Daily Drawdown Limit: 2% of $100,000 = $2,000 (stop-out limit = $102,000). If Either Equity or Balance reaches this limit, it would result in a breach of the Daily Drawdown Limit.
