How does the drawdown work in the 1 Step Simulated Trading challenge?
In the 1-Step Simulated Trading challenge, the daily simulated drawdown is set at 4%, and the maximum simulated drawdown is 7%, trailing your highest simulated balance. If your demo account reaches 7% of your starting simulated balance, the simulated trailing drawdown locks in at your starting simulated demo account balance. The drawdown includes profits, losses from closed positions, and charges to reflect swap fees and commissions. The daily simulated drawdown resets at 12 AM EEST, and the maximum simulated trailing is always calculated from the highest recorded balance unless you achieve 7% from your starting simulated balance.
How does simulated drawdown affect payouts for 1 Step Sim Simulated Demo Accounts?
Simulated drawdown impacts payouts based on achieved percentages. For example, if your demo account starts with 7% and you request a withdrawal payout, the maximum simulated drawdown is locked at the starting simulated balance. This affects the remaining available percentage for the drawdown. In contrast, failing to leave a buffer may result in a failed account challenge if your demo account reaches the maximum simulated drawdown without a safety margin.