What is the difference between Standard (Trailing) and Swing (Fixed) daily drawdown?

Standard (Trailing) Drawdown

Standard (trailing) drawdown means your maximum daily loss is calculated from the highest balance reached during the day, updating continuously in real time.

Example:

• Account starts at $100,000
• Balance increases to $101,500
• Then drops to $99,500

Your drawdown is -$2,000, calculated from the highest point ($101,500), not the starting balance.

If your balance later reaches a new high (e.g. $101,700), the drawdown resets and is now calculated from this new level.

This makes trailing drawdown stricter, because your risk limit moves up as you make profits.

Swing (Fixed) Drawdown

Swing (fixed) drawdown is based on your balance at the start of the day and does not change during the day. Traders can choose this option by purchasing the Swing Upgrade when setting up a challenge.

Example:

• Start of day balance: $102,000
• Balance rises to $106,000, then drops to $103,000

Your drawdown is still $0, because you are above the starting balance.

• If balance drops to $101,000, your drawdown becomes -$1,000, calculated from $102,000.

This makes swing drawdown more flexible, since intraday profits do not tighten your loss limit and the reference resets only once every 24 hours.