1. As your account balance increases, the  Pro Drawdown EOD will expand by a predefined distance.

2. The Pro Drawdown EOD is dynamically calculated at the End of the Trading Day.

3.  If your balance decreases, the Drawdown remains unaffected.

To track your Pro Drawdown EOD, you can utilize Rithmic RTrader Pro's Auto Liquidate Threshold Value feature.

You can also view your Pro Drawdown EOD in the dashboard at the end of each day.

Once your Pro Drawdown EOD reaches your initial starting balance, it remains fixed for the duration of your evaluation. If your account balance touches or falls below this value, your Evaluation Account will no longer be eligible for funding. The Pro Drawdown EOD calculation considers simulated commissions and fees.

For example, if we take the 50k account, there we have set the drawdown to $2500. If the trader then makes $500 profit, this drawdown follows with exactly this amount. That means the account balance should not fall back to $47,500 to lose the account, but the account is already gone at $48,000. 
But if the trader has managed to make a profit of over $2500, then the drawdown will no longer follow, but will remain at the initial balance. In this case at $50.000

Commissions & Fees

Instead of the usual $5 fee for e-minis, you pay only $4 at TradeBasix. 

For Micro Contracts there is a fee of $1 RT (Round Turn).

Example:

Using a 100K account as an example, remember that the Pro Drawdown EOD for a 100K account is $3,500.

1st Day: You have an open position balance of +$100,200, but you close the position with a balance of $100,000. Your balance at the end of the trading day is $100,000. Your Drawdown at the end of the trading day is $96,500.

2nd Day: You have an open position balance of +$100,500, but you close the position with a balance of $99,000. Your balance at the end of the trading day is $99,000. Your Drawdown at the end of the trading day is $96,500.

3rd Day: You do not trade. Your balance at the end of the trading day is $99,000. Your Drawdown at the end of the trading day is $96,500.

4th Day: You have an open position balance of +$102,000, but you close the position with a balance of $100,000. Your balance at the end of the trading day is $100,000. Your Drawdown at the end of the trading day is $96,500.

5th Day: You have an open position balance of +$108,000, but you close the position with a balance of $105,000. Your balance at the end of the trading day is $105,000. Your Drawdown at the end of the trading day is $100,000.

!!When calculating your Pro Drawdown EOD, your unrealized winnings are not considered.

ONLY FOR FUNDED ACCOUNTS

To ensure consistent risk management and promote sustainable trading behaviors, traders are subject to a daily loss limit. On any given trading day, a trader is only permitted to incur a loss up to 50% of the End-of-Day (EOD) drawdown limit. Surpassing this daily threshold is considered a rule violation. This measure is in place to help traders maintain their accounts for longer durations and encourage prudent trading habits.

Understanding the Daily Loss Limit:

The Daily Loss Limit is directly linked to the account's initial Drawdown Limit, not the fluctuating account balance. For instance, if you're using a 50k account with an initial Drawdown Limit of $2,500, your Daily Loss Limit will be set at $1,250. It's essential to remember that even as your account balance changes due to profits or losses, this Daily Loss Limit remains static and is always based on the initial Drawdown Limit. This structure is designed to foster consistent risk management practices among our traders.

Please make sure that you do not reach the Daily Loss, as this is a rule violation and the account will be permanently closed as a result.

*Please monitor this in Rithmic R|Trader under the Auto Liquidate Threshold Value or in our Dashboard.

Max Position Size

The Max Position Size denotes the maximum allowable number of open positions at any given time.

For instance, if your Max Position Size is set to 5, you could potentially hold a long position in 3 CL (Crude Oil) contracts and a short position in 2 ES (E-Mini S&P) contracts simultaneously.

The profit target represents the minimum net profit amount required to be considered for a funded account.

To qualify for placement with our funding partners, you must engage in trading activities for a minimum of 10 trading days, excluding weekends and holidays.

These 10 days serve as a minimum requirement, but you are free to continue trading until you reach the profit target, even if it takes up to five (5) months.

Please note that subscription billing recurs every 30 days.

Please keep an eye on your subscriptions at all times! Active subscriptions must be canceled independently and we can not take into account payments that are subsequently debited by an active subscription.