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Bob - thanks for the question and thanks for the kind words about Trader Support.
In a Funded Account, the trailing max drawdown is still calculated based off of the end of day balance of your high water mark (realized P&L at the end of day). However, if you hit that number intraday, you will be closed out of the account.
As you mention to @skfutures, this is different than in a Trading Combine and Funded Trader Preparation, where if you hit the Trailing Drawdown intraday, you have until the end of the day to get back above that water mark - as long as you haven't hit your Daily Loss Limit.
As an example, let's say on Day 1 in a Funded Account, you gain $1,500 on one trade and then lose $1,500 on the second trade - for a net P&L of $0. Your Trailing Max Drawdown would not have moved from its original location (-$2,000 in a $50K account, -$3,000 with a $100K account, etc.).
If on Day 1, you make $1,500 by the close of day, your Trailing Max Drawdown would move to -$500 in a 50K account. If at any point thereafter, your account balance hits -$500 including unrealized P&L, you will be closed out of the trade and your Funded Account will be closed.
In a Trading Combine or FTP, you could theoretically hit -$600 or more intraday and then bounce back by the end of the day to maintain your eligibility for a Funded Account.
To summarize: the Trailing Max Drawdown is only calculated on an account's end of day balance in all of our accounts. However, in a Funded Account, if your loss exceeds that level intraday, we will close out the account as an added risk measure.
Hope that helps and feel free to tag us or contact Trader Support if you have any questions.
I understand why benefit some product has other Eurex and more liquid and volatile and more volume than the ES or YM or NQ mainly season London and Frankfurt and in addition know more volume walking, I find it unfair that you integrate not flowing data Eurex Product on Sim I would like to know a reason thank you
I do not understand the reason why you prefer products to certainly for example the product EUREx are very liquid and a lot of volume usually know of very volatile product I prefer to see product in simulation I understand the reason That they are not available I think it is necessary to add them
Hi k7ler. Thanks for your posts. We currently do not have access to give EUREX data in SIM accounts. It's not that we don't want to, but we can't. We don't have the connection. This is something we hope to look into in the future, but it's not on our current road map. As a reminder, you can trade EUREX in the Funded Account.
We appreciate your feedback and take user feedback very seriously. It's what helps us stay innovative and give our users a great experience. Hope this helps give a little more clarity on your question.
Topstep recently increased their profit target requirements in combines and FTP (a 33% increase in the 30k accounts) due to the increase in market volatility. Volatility goes both ways - why increase profit targets and not max loss?
I know you can do whatever you want since you own the business, but this just doesn't make sense.
Is it written in their site because of volatility? I was checking them out too lately and I noticed the profit target moved from 1.5k to 2k. Not sure about other account?