Traders under BoerFunded are subject to a maximum Daily Drawdown of 5% from their starting equity, encompassing all floating losses and profits. The 24-hour period initiates at 00:00 GMT+3 server time.

Illustrative Example:

For instance, with a starting balance of $200,000, a 5% drawdown equates to a $10,000 loss. If your account falls below $190,000 within any given trading day, it constitutes a violation of the Daily Drawdown rule. Conversely, concluding the trading day with a profit, say $10,000, elevates your starting capital to $210,000, setting a new maximum daily loss at $10,500.

Calculating Daily Drawdown:

The maximum Daily Drawdown is consistently set at 5% of your equity at the commencement of the trading day. It is crucial to understand the maximum daily loss of 5% is determined by the trader's equity at the end of the day (EDO), computed at 00:00 GMT+3 server time. This calculation encompasses both realized and unrealized profit and loss (P&L) from the traders' open positions.

For Example:

Consider a $100,000 account where a trader incurs a loss of $4,999 on the first day of trading. Their equity at the end of the day would be $95,001. The maximum daily loss threshold resets the following day, allowing the trader the potential to incur up to $4,750.05 in losses.

Policy Enforcement:

Violation of this rule results in the loss of your Trading Account. It's imperative to note that the same Daily Drawdown policy applies consistently across all three phases (Evaluation, Verification, and Funded) of every BoerFunded Challenge. This ensures a uniform and fair approach to risk management throughout your trading journey with us.