For 1 Phase Auditions Only:
Our Virtual Maximum Trailing Drawdown is the maximum your account can virtually drawdown before breaching your account. The initial level is set at 8% from the starting balance of your account. As your account balance increases, the virtual trailing maximum drawdown follows you up with each positive closed trade until you achieve a virtual profit target of 8% in your account. Once you have achieved a 8% virtual profit target in your account, we take off the virtual trailing drawdown and allow our traders to virtually draw back down to their initial starting balance before breaching the account. This means the virtual maximum trailing drawdown for positive traders can be greater than 8%. Once the first withdrawal is made in a virtually funded account, your Virtual Maximum Trailing Drawdown expires, and the initial starting balances lock-in.
For Lightning Round Auditions Only:
Our Virtual Maximum Trailing Drawdown is the maximum your account can drawdown before breaching your account. The initial level is set at 4% of the starting balance of your account. As your account balance increases, the virtual trailing maximum drawdown follows you up with each positive closed trade until you achieve a virtual profit target of 5% in your account. Once you have achieved a 5% virtual profit target in your account, we take off the virtual trailing drawdown and allow our traders to virtually draw back down to their initial starting balance before breaching the account. This means the maximum virtual trailing drawdown for positive traders can be greater than 4%. Once the first withdrawal is made in a virtually funded account, your Virtual Maximum Trailing Drawdown expires, and the initial starting balances lock-in.
Here is a video from SurgeTrader on how our Virtual Maximum Trailing Drawdown works in detail: