At Goat Funded Trader, we maintain a maximum daily drawdown of 5% for No Time Limit Evaluations, 4% for Goat and Swing Plus Evalutations.
The daily drawdown is calculated based on the higher of either your Balance or Equity at 5 pm EST.
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Example (5%): If your Daily Starting Balance (i.e., the previous day’s balance at 5 PM EST) was $100,000, your simulated account would violate the daily drawdown limit if your equity reached $95,000 during the day.
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Even if you are profitably trading throughout the day and your simulated account balance increases, your daily drawdown will not change until 5 PM EST. This rule applies to evaluations of both evaluation types Classic and No Time Limit and simulated funded accounts.