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What is the maximum daily drawdown limit for the TurboTrade.Fund Challenge?

What is the maximum daily drawdown limit for the TurboTrade.Fund Challenge?

The Maximum Daily Drawdown Limit for traders participating in the TurboTrade.Fund Challenge is set at 5% of their initial account balance for any given day. For instance, if the initial account balance is $10,000, the permissible daily drawdown is $500. Violation of this rule occurs if the cumulative (running + closed) loss surpasses the stipulated limit of $500 at any point during the day. It’s crucial to note that the Maximum Daily Drawdown includes running and closed trades. Therefore, the limit is not solely calculated based on closed positions. To illustrate, initiating a trade that moves adversely by a negative 5% would breach the daily drawdown rule, leading to the termination of your TurboTrade.Fund Challenge account.

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