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Max Daily Loss.

Understanding how the max daily loss rule operates is crucial to avoid inadvertent challenge failures. We’ve simplified the process to make it as straightforward as possible, unlike other firms that tend to overcomplicate matters.

Your equity, floating loss, or drawdown must not exceed 6% (Goldsmith Challenge) or 5% (Warrior and Raider Challenge) of your daily balance. Please note that your account balance resets every day at 00:00 UTC. It’s important to remember that only losses are considered, without taking into account interim gains; gains do not offset losses until the reset.

Example 1:

Suppose you commence your challenge with a 100,000 simulated demo account. This implies that your equity cannot drop below 95,000.

Example 2:

If you’ve earned a simulated profit of 5,000, resulting in your demo account balance reaching 105,000, your equity or drawdown must never fall below 99,750 at any point in time.

Max Daily Loss = Account Balance x 5% (or 6%)

Goldsmith Max Daily Loss: 6%

Warrior Max Daily Loss: 5%

Raider Max Daily Loss: 5%

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