Targets and loss limits
- Profit target
- Profit required to pass each evaluation phase, as a percentage of the starting balance.
- Daily drawdown
- The most an account may lose within one trading day before it breaches, and the figure the limit is measured from (balance, equity, or the higher of the two).
- Max drawdown
- The overall loss limit for the life of the account. A static limit is fixed from the starting balance; a trailing limit follows the account's high-water mark.