Important points to note when Requesting a Payout from a Nitro Pro (Simulated Funded) Account:
1. Impact of Less Than 3% Profit on Overall Trailing Drawdown Limit:
Calculation: If the simulated profit is below 3%, the trailing drawdown limit is 3% of the Initial balance from the highest recorded balance.
Example 1: (Less Than 3% Profit)
Account Size: $100,000
Current Simulated Profit: 1% ($1,000)
Highest Recorded Balance: $102,000
Trailing Drawdown Calculation: $102,000 – (3% of $100,000) = $99,000
Scenario 1: Full Withdrawal of Simulated Profits
Withdrawal Amount: $1,000
Remaining Daily Limit: $100,000 (balance reset) – $1,000 = $99,000
Scenario 2: Partial Withdrawal of Simulated Profits
Withdrawal Amount: $500
Available Drawdown: $1,500 (Stop-out Limit remains at $99,000)
2. Effect of Simulated Profit of 3% and above on Overall Trailing Drawdown Limit:
Calculation: If the simulated profit is 3% or higher, the trailing drawdown limit is fixed at the initial balance.
Example 2: (3% Profit Achieved)
Account Size: $100,000
Current Simulated Profit: 3% ($3,000)
Trailing Drawdown Fixed at Initial Balance: $100,000
Scenario 1: Full Withdrawal of Simulated Profits
Withdrawal Amount: $3,000
Remaining Daily Limit: $100,000 (balance reset) – $100,000 (fixed limit) = $0
Result: Breach of account due to no remaining drawdown limit.
Scenario 2: Partial Withdrawal of Simulated Profits
Withdrawal Amount: $2,000 Instead of $3,000
Available Drawdown: $103,000 (Balance before withdrawal) – $2,000 (Withdrawal Amount) – $100,000 (fixed Limit) = $1,000
Result: No breach of account and the remaining Overall Drawdown Limit becomes ($103,000 – $2,000 = $101,000
