The Maximum Drawdown for BEM One Only is 6% of the Initial Balance. It is calculated using an end-of-day balance trailing methodology.
For this rule, End-of-Day Balance means the account balance recorded at 22:00 UTC.
The drawdown level is recalculated daily based on the End-of-Day Balance. It trails upward as the account balance increases, but never decreases due to losses.
The drawdown level will never trail above the Initial Balance. Once it reaches the Initial Balance, it becomes fixed and no longer trails upward.
A breach occurs if your equity, including open positions, falls below the active drawdown level at any time.
The calculation includes open positions, closed trades, commissions, and swap fees.