How does Max Drawdown work?
Max Drawdown is your account's total loss limit. Exceed this, and your account closes. It counts all losses, including trade commissions.
There are two types:
Static Max Drawdown: Fixed and unchanging.
Trailing Max Drawdown: Adjusts with your trading activity.
Hitting this limit means your account is 'breached' and gets disabled within 30 seconds, marked as ‘Breached’.
It may seem complex, but it's straightforward: stay above the Max Drawdown limit to keep trading. Check your trade history for a clear understanding of your account's status.
Need clarity? Review your trades.