Please I want to know where the drawdown is calculated from. Is it from the given capital or it includes your profits already made. If you have a drawdown over 5% or 10% and your give capital is intact, will it be counted against you ?
If I'm given 3000 and earned up to 20% already before experiencing a drawdown of 10% which off course will not take my account to 2700. Have I violated the rules?
Yeah, account balance, closed trades and don't forget floating trades
From my experience, I'll say its calculated from your capital and your closed trades. so seeing as you have 3,536 and the maximum daily draw-down is 5% going below 176 would be a violation of your account.