Top One Crypto - Daily Drawdown Overview
Accounts can be purchased through; https://www.toponecrypto.com/
Daily Drawdown
Type: Previous Day High Balance or Equity
Limit set at 5 pm EST
Daily Drawdown
Type: Previous Day High Balance or Equity
Limit set at 5 pm EST
Daily Drawdown
Type: Previous Day High Balance or Equity
Limit set at 5 pm EST
Explanation
All Top One Trader crypto accounts use a daily drawdown based on your previous day high balance or previous day high equity. The system determines this value at 5 pm EST each day.
Your daily loss limit is calculated by taking the higher value of your balance or equity at 5 pm EST and subtracting the allowed percentage. This creates a fixed loss limit for the next trading day.
The limit does not change during the trading day, even if your account balance or equity rises or falls after 5 pm EST.
If your equity reaches the limit at any point, the account breaches the daily drawdown rule.
Daily Drawdown Calculation
- At 5 pm EST the system checks two values:
- Your account balance
- Your account equity
- It takes the higher number and subtracts your daily drawdown percentage.
- This becomes your limit for the entire next day.
| Item | Amount |
|---|---|
| Starting balance | 10,000 |
| Daily drawdown | 3% |
Limit for the next day:
Daily limit: 9,700
If your equity touches 9,700 at any time, the account breaches the daily drawdown rule.
| Item | Amount |
|---|---|
| Balance | 10,400 |
| Equity | 10,200 |
The system uses the higher number, which is 10,400
New daily limit: 10,088
This limit remains fixed until the next 5 pm EST reset.
| Item | Amount |
|---|---|
| Starting balance | 10,000 |
| Daily drawdown | 2% |
Daily limit: 9,800
If your end of day high is 10,500 at 5 pm EST
New daily limit: 10,290
This becomes your fixed limit for the next trading day.
Important Notes
- The daily limit is always based on your highest value at 5 pm EST
- The limit does not move during the trading day
- A breach occurs if your equity touches the limit even for a moment