How to calculate the 6% Max Trailing Drawdown in 1 Step Express?
The maximum trailing drawdown is initially set at 6% of your account's starting balance and adjust upward as your account balance increases, trailing the high water mark of closed balance. the trailing maximum drawdown remains in effect until you reach the 8% profit target.
Example 1: If your starting balance is $100,000, you can drawdown to $94,000 before violating the Maximum Trailing Drawdown rule.
Example 2: If your account balance increases to $102,000 in closed balance, this becomes your new high-water mark.
Maximum Trailing Drawdown = $102,000 x 6% = $6,120
Maximum Trailing Drawdown level would be $102,000 - $6,120 = $95,880.
Example 3: If your account balance reaches or exceeds $108,000 in closed balance, you have achieved the profit target—congratulations! You can now move to the next stage, and the Max Trailing Drawdown will no longer apply.
Example 4: If your live account increases to $109,000 in closed balance, the Maximum Trailing Drawdown will be locked at your starting balance of $100,000. As long as you do not exceed the daily loss limit of 3%, you can continue to trade indefinitely.
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