The Maximum Daily Drawdown for BEM One Only is 3% of the Initial Balance. It represents the maximum loss permitted within a single trading day.
This limit is recalculated daily at 22:00 UTC using the following rule:
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Maximum Daily Drawdown = Balance at 22:00 UTC − 3% of Initial Balance |
If your equity falls below the applicable Daily Drawdown Limit at any time after the limit is set, the account is considered breached and will be terminated.
The calculation includes open positions, closed trades, commissions, and swap fees.