You're welcome and yes I ever asked Ryan too before I signed up. He told me same.

I also remember they used to track 2 kinds of DD (the drop from 25k initial balance) and the one from account highs though now they stopped tracking the second one. It was in those old letters of offer which they posted in their homepage though now they have updated it.

oneuptrader 

Excellent info Dyst. This now confirms my initial thoughts.

dyst 

You're welcome and yes I ever asked Ryan too before I signed up. He told me same. I also remember they used to track 2 kinds of DD (the drop from 25k initial balance) and the one from account highs though now they stopped tracking the second one. It was in those old letters of offer which they posted in their homepage though now they have updated it.

Ryan just confirmed me they are using the DD from highest point to calculate the offer you will receive, this is what i was talking about.

The 10% DD to lose the account is based on the starting balance, the DD from highest point is used to calculate the performance and so the offer you will receive.

Here is a quote from the message Ryan just send me:

"The PEAK drawdown (drawdown from highest profit watermark) is only used by Helios to formulate the best offer."

RDK91 

Ryan just confirmed me they are using the DD from highest point to calculate the offer you will receive, this is what i was talking about. The 10% DD to lose the account is based on the starting balance, the DD from highest point is used to calculate the performance and so the offer you will receive. Here is a quote from the message Ryan just send me: "The PEAK drawdown (drawdown from highest profit watermark) is only used by Helios to formulate the best offer."

So let me get this straight. I can be at 26K and have a 2K drawdown, but once I get to 28k and only have a 100.00 drawdown, they are looking at the latter rather than the former? That makes zero sense.

Omg really? So Alex is confused... I wld have to earn 8k profit if I lost 2k after earning 4k?

And yes that's the term you are right - Peak DD except I no longer see it anywhere.
Any idea why they stopped showing it? I am checking again on the page brb

RDK91 

Ryan just confirmed me they are using the DD from highest point to calculate the offer you will receive, this is what i was talking about. The 10% DD to lose the account is based on the starting balance, the DD from highest point is used to calculate the performance and so the offer you will receive. Here is a quote from the message Ryan just send me: "The PEAK drawdown (drawdown from highest profit watermark) is only used by Helios to formulate the best offer."

dyst 

You're welcome and yes I ever asked Ryan too before I signed up. He told me same. I also remember they used to track 2 kinds of DD (the drop from 25k initial balance) and the one from account highs though now they stopped tracking the second one. It was in those old letters of offer which they posted in their homepage though now they have updated it.

Well, apparently we are getting bad information because Ryan owns both companies. I think I would take his word over Alex. They need to spell this out, because it's not obvious.

You are right. I am wondering why in the Gauntlet terms, they did not use the correct term 'peak drawdown?'
It would definitely help avoid confusion.

oneuptrader 

Well, apparently we are getting bad information because Ryan owns both companies. I think I would take his word over Alex. They need to spell this out, because it's not obvious.

dyst 

You are right. I am wondering why in the Gauntlet terms, they did not use the correct term 'peak drawdown?' It would definitely help avoid confusion.

Here is what Ryan said to me:

"Hi! For the 10% max drawdown AND the Gauntlet refund guarantee, it's based on the drawdown from initial starting capital. The PEAK drawdown (drawdown from highest profit watermark) is only used by Helios to formulate the best offer."

So both the 10% max draw down to lose the account and the Gauntlet refund guarantee seem to be based on draw down calculated from initial balance (25K).

However Helios does use draw down from high point to calculate overall performance during the Gauntlet and the make an offer based on those numbers.

Bro, sorry for spam >.<
But wow this is too exciting your thread will be v popular
EDIT: I just read what you posted (the words at bottom)

OK so Alex was right... on the refund xD
It is nice we gained a better understanding of the whole process. hehe

RDK91 

Ryan just confirmed me they are using the DD from highest point to calculate the offer you will receive, this is what i was talking about. The 10% DD to lose the account is based on the starting balance, the DD from highest point is used to calculate the performance and so the offer you will receive. Here is a quote from the message Ryan just send me: "The PEAK drawdown (drawdown from highest profit watermark) is only used by Helios to formulate the best offer."

oneuptrader 

So let me get this straight. I can be at 26K and have a 2K drawdown, but once I get to 28k and only have a 100.00 drawdown, they are looking at the latter rather than the former? That makes zero sense.

Let me give you an example.

Let's say you start trading the Gauntlet and you go from $25000 up to $26000, from there on you have a few losing day's and now your balance is $23400. Now you have used 6,4% from the maximum 10% draw down from the initial starting balance ($1600), and you are down 10% from the highest point you had. If you go straight up from there without any more losing trades, you have to make at least 25,6% return to be eligible for a Gauntlet refund (6,4% DD from starting balance vs 25,6% return from starting balance is 1:4).

The DD you have experienced from the highest point is used by Helios to evaluate your overall performance to calculate the offer you will receive, in this example your overall performance would be 25,6% return with 10% DD ($26000-$2600).

dyst 

Bro, sorry for spam >.< But wow this is too exciting your thread will be v popular EDIT: I just read what you posted (the words at bottom) OK so Alex was right... on the refund xD It is nice we gained a better understanding of the whole process. hehe

Yes, Alex was right about the DD calculation for the refund, and my explanation was correct about DD being used from highest point to calculate the final offer you receive.

Both a little wrong and a little right Glad it is all clear now! Based on this almost everybody should be able to get a Gauntlet refund