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Date/Time: Wed, 08 Dec 2021 08:52:50 +0000

Post From: New Super Enhanced Trade Simulation Service

[2021-05-07 03:56:23]
Ticks - Posts: 52
It still is not clear how this works.
Direct quote from LeeLoo website.
Rising Trailing Drawdown, Explained to you by a Leeloo Trader
Each Evaluation Subscription plan has a specific max drawdown amount. For example, the 12 Contract account, which is also $100,000.. has a max draw down of $3000.
This means that the max you can lose is $3000 from the highest profit point (OPEN EQUITY, not closed profit), that your account reaches at any moment.
For example, you begin the first day with $100,000.. and the max you can lose is $3000 or a low of $97,000. You place your first trade and the active trade is in profit $600.. your max drawdown always TRAILS the profit peak in real time.. so now the max drawdown is $97,600. ($100,600- $3000 = $97,600). However.. you have not closed the trade yet.. and by the time you close the trade you only made $100 profit. Your max drawdown remains at $97,600- even though you only have $100,100 in the account. (because at one time during an active trade you reached a peak of $100,600). The max drawdown always trails by $3000 from the highest point. This is why, during the evaluation phase, you need to try and take profit as best you can when presented the opportunity.

Hopefully the direct link below will help explain how it works.

Date Time Of Last Edit: 2021-05-07 04:02:53