Max Loss per Trade Idea
Max. floating or closed loss per trade idea is 2% of the initial account balance
A trade idea is categorized as one if:
It was floating, or opened at the same time at one point on the same symbol and direction or;
The trades are closed and opened within 2 minutes of each other on the same symbol and direction
Note:
Soft Breach: If a trade loses more than 2%, it will automatically close to limit your loss. You can still keep trading, as this isn’t a violation, just a safeguard to protect your account.
You can still utilize up to 4/5% daily drawdown, just not on one trade idea.
Trade Idea Example
Single Trade Idea:
Open GOLD BUY > Open GOLD BUY > Open GOLD BUY
It is considered as single trade idea because the trades are on the same asset, direction and are all floating at the same time.
Open GOLD BUY > Close GOLD BUY at 12:00:00 > Open GOLD BUY at 12:01:30
It is considered as single trade idea because the 2nd trade is opened less than 2 minutes after closing the 1st trade, on the same asset and direction.
Multiple Trade Ideas:
Open GOLD BUY > Open GBPJPY SELL > Open AUDUSD SELL
It is considered as multiple trade ideas because the trades are on different assets and direction.
Max Loss per Trade Idea Representation:
Allowed:
Open GOLD BUY (2% floating or closed loss) > Close trade > Open GOLD BUY (2% floating or closed loss) > Close trade
2% floating or closed loss on single trade idea.
Open GOLD BUY (2% floating or closed loss) > Open AUDUSD BUY (2% floating or closed loss) > Open GBPJPY SELL (2% floating or closed loss) > Close trade
2% floating or closed loss(each) on multiple trade ideas.
Open GOLD BUY (1% floating or closed loss) > Open GOLD BUY (1% floating or closed loss) > Close trade
2% floating or closed loss on single trade idea.
Not allowed:
Open GOLD BUY (2% floating or closed loss) > Open GOLD BUY (2% floating or closed loss) > Close trade
4% floating or closed loss on single trade idea.