The daily drawdown is the maximum loss you can incur in a single trading day, calculated from the
start-of-day balance or equity (whichever is higher). The limits vary by model:
2-Step Model: 4% daily drawdown (all phases and funded)
1-Step Model: 3% daily drawdown (evaluation and funded)
Instant Funding: 3% daily drawdown
Pay After Pass: 3% daily drawdown (evaluation and funded)
Note: Exceeding the daily drawdown results in an immediate hard breach and account closure.