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Code to calculate max drawdown12/27/2023 ![]() ![]() As your account balance increases, the trailing maximum drawdown follows you up until you achieve a profit target of 8% in your account. The initial level is set at 8% from the starting balance of your account. Our Maximum Trailing Drawdown is the maximum your account can drawdown before breaching your account. Any changes to those rules made after the time of purchase will not apply retroactively. *PLEASE NOTE: All accounts are subject to the rules regarding daily loss limits and max trailing drawdowns that were in effect at the time of purchase. This is only considered a soft breach though, which means, even though you violated the rule, you can continue on trading, and should you reach your 10% profit target (without violating daily or maximum loss limits), you would be upgraded to a live funded account. In the event that you put on too many trades with risk, then our system will liquidate all trades that currently have risk. So, you would again have 10 lots available, even though you currently have 5 lots open. If the EUR/USD moves up to 1.25, and you update your stop loss to be at 1.20, which would be your open price, you no longer have risk on that trade. If you buy 5 lots of EUR/USD at 1.20 and your stop loss is at 1.18, you would have 5 lots on with risk, so you would have 5 still available. If you are in the $100K plan, you will have 10 open lots with risk available. In addition, there is a limit on the maximum number of open lots. If the trader ran up a profit of $10,000, their new daily loss limit would be $5,500 – or 5% of their new Balance of $110,000. For example, a trader with a $100,000 funded account would have a $5,000 daily loss limit. Note that the daily loss limit applies to current daily equity. Stop-loss required for each trade, at the time the trade is executed.Soft breach rules, which will close positions and you can continue trading: See the explanation of these 2 rules in the next 2 FAQs.Hard breach rules, which will disqualify your account: However, to diversify our risk and exposure, those accounts must not be traded with the same strategy, per our Terms & Conditions.įor both the demo SurgeTrader Audition account and live trading accounts, the following rules apply: So, for example, if you are trading a $100,000 account and wish to trade more, you can apply for a $50,000 account by taking a $50,000 SurgeTrader Audition. ![]() Each account is independent and starts with an audition. However, a trader can only have one account per audition tier. In order to trade an account with a higher account balance, you can apply for another SurgeTrader Audition. Traders are then entitled to 75% of profits generated in the live account, with the option to purchase an add-on for a 90% profit share. Upon successful completion of the audition, traders receive login credentials to a live trading account with real funds. If you traded with $500,000 for the audition, you would also manage $500,000 worth of our capital in your funded trader account.Īll SurgeTrader Audition accounts are demo accounts with virtual funding. Traders will trade the same account balance as their SurgeTrader Audition. Our traders find that they learn to manage risk more responsibly simply by joining the SurgeTrader team. Eliminate over-trading, revenge trading, or over-leveraging. More than just having the opportunity to trade our capital, SurgeTrader improves your trading by requiring you to adhere to our straightforward trading rules which promote strong risk management, while not restricting your trading decisions. An undeniable benefit of trading with SurgeTrader is that you are not responsible for any losses. ![]() Trading is a risky business, though, and even profitable traders have periods where they break even or incur losses. But with a $1 million account, a 30% return - where you keep up to 90% - is an incredibly richer return on investment. For example, if your trading skills yielded a 30% return one month, but you only have $5,000 to invest, a 30% return probably isn’t worth the time you spent. After all, one of the most pressing challenges for profitable traders is undercapitalization - trading accounts that are too small.Īs a funded trader, you keep up to 90% of the profits. ![]() You’ve put in the work and now it’s time to capitalize on that hard work with a funded account. You spend countless hours honing your skills, studying the market, practicing sound risk management… just to find a few profitable trades. Becoming a successful trader is a challenge. ![]()
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