Daily Drawdown:
You are allowed to have an overall maximum daily drawdown limit of 4% of your initial account balance on levels 1-2. And the daily Drawdown for levels 3-6 is 5%.
Your daily loss limit = Cumulative PnL of your open and close positions for the day.
This implies that on that specific day, this number should not exceed 5% of your initial account balance based on equity.
Total Drawdown:
You are allowed to have an overall maximum loss limit of up to 10% of your initial account balance, which is set by the level of your account.
Level 1-2 will have a max drawdown of 6% of the initial balance.
Level 3-4 will have a max drawdown of 7% of the initial balance.
Level 5-6 will have a max drawdown of 10% of the initial balance.
Prohibited Trading Strategies:
Tick speculation/trading, martingale trading, hedging, high-frequency trading bots, third-party bots, Martingale, are prohibited strategies that cannot be employed in all FundYourFX accounts. The use of these strategies will result in the cancellation of the account.
VTS Soft Rule:
Single-day profit cannot exceed 40% of the profit target. Example: With a $15,000 balance and a $1,500 profit target, daily profit must not exceed $600.
