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How do you calculate the Maximum Drawdown?

Updated yesterday

The Maximum Drawdown is initially set at 9% and is static and will therefore remain at the same value for as long as the account will remain active.

Example: If your starting balance is $100,000, you can drawdown to $91,000 before you would violate the Maximum Drawdown rule. Then for example let's say you take your account to $102,000 in CLOSED BALANCE, your Maximum Drawdown would remain at $91,000. So, regardless of how high your account goes, your drawdown will remain the same.

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