Hope you guys enjoyed the explanation on the Daily and maximum drawdown rule! www.smartproptrader.com (5% off code: eshanbala)

Appreciate the clear explanations Eshan! 👍

Thanks for content. at first i lost my prop fund challenge due i did not understand drawdown rules

Finally I can understand thank you that means more important loss is daily as the higher amount of equity or balance changes daily

thank you man, you answered all my questions

Hi Eshan. well explained thank you.

Excellent explanation thanks. 👍🏽👊🏽

This explanation was soooooo goood, it answered all my questions. Thank you so much 🙏🙏

@EshanBala

Жыл бұрын

Glad the video helped Michael!

Always waiting for your video's

What's up Eshan I know you probably won't see this but just wanna say thank you for helping me grow as a trader. I got my first pay out today. Grew my $10k account by 15% so I'm really really proud. Now I can afford the $100k account and I'm just excited to go! You played a big role 🙌

@Venom-yk3wu

Жыл бұрын

big role in what tho

Thank you very much good 👍 explanation

Very helpful. Thank you so much. Could you do a video on maximum lot size based on number of trades opened

Appreciate your effort a lot …this video is very informative 🔥

@EshanBala

Жыл бұрын

Appreciate your support Kelvin!

Great Video

Brilliant thank you

Thank you!!

This is the best video I have watched as regards this topic ....you are just the best .... please can I learn your strategy? ...I don't yet have an edge in the market

Excellent explanation 🎉

@EshanBala

Жыл бұрын

Glad it helped Mehran!

Thankyou

thank you

GOD BLESS YOU BRO

thks, same rule applies for almost all prop firms

@DeadSinceBirth_

Жыл бұрын

Nope, Not on MFF

PROPFIRM with %5 is best and easy to understand

How does SPT daily draw down rules apply to swing positions relating to equity and balance rules?

Nice one

First guy John went from 110k to 100k broke daily limit. Second guy Tom went from 100k to 94k broke daily limit. How did he get to trade on Friday? When would the 92.5k floor ever come into play?

what happens when you violet the daily drawdown rule do you start from the first and buy a new account

@Eshan how much do you trust smart prop trader I'll be waiting for your response please

It's like fmo truth, the theme of daily loss and equity like fmo. In the end if you lose 5 or 4% daily, you are out. Is it so? Thank you.

Sir pls make detailed vedio about funded trading plus They give payout instant

Hey Good day , I have a question concerning the DD ( if on a new day you start your account with 100,000$ grow it 108,000 equity and end up with it 100,000 for the day , does that mean you violated the DD rule

Please sir does Daily Losses sum up to overall drawdown?

For Unlimited time to pass 2 step challenge & for highest daily & highest Total draw down limits which prop firm do you recommend & the reasons for that conclusion. We need your wisdom.

Can I enter multiple entry on challenge account?

Did you trade in rebels funding programmes?

What is Balanced based Drowdown?

This is setup for scalpers and day traders

When is the overall drawdown resets?

What are trailing drawdown?

Can you say something about their scaling rules? I cannot find the sepcific conditions on their website. Their faqs are vague and say "if you meet our conditions" but no details. Hope you can help out here.

@pptech251

Жыл бұрын

I read on their website that they will increase to 25% within 4 months if u r consistently profitable.

questions. Do they accept scalping? How much time to get paid after getting funded ?

@TradeConnectVVS

Жыл бұрын

Manual scalping is accepted 👍

Johnny and Tommy about to blow his whole account, oh sh*t 😂jk Great explanation!

If I'm below daily drawdown rule but not max drawdown rule then what will happen?

@gglover2142

Жыл бұрын

You will lose the challenge

Eshan did you work in a job and what was it

In daily drawdown of 1,00,000 account is 4% which is 4,000. So in Day 1 I took a loss of 2,000 and account balance is 98,000 and remaining daily loss is set to 96,000 and 2,000 is remaining loss limit for Day 1 right and I wait for next day 5pm then the daily loss for remaining 98,000 which is 4% resets everyday 5pm would be 94,000? Please answer my question

Is the DD fix or trailing on balance or equity

@aurrexjaayn2568

Жыл бұрын

Fixed, static and stable

Pls do a video like this on true forex fund

@EshanBala

Жыл бұрын

Yes I will be!

Someone to explain 1 day minimum trading day

I have a doubt in daily draw down limit. It is equity based then my 100k account equity is 200k then my draw down is 8k $ ?

@marketassassinfx

Жыл бұрын

Ik right if I make profit in a day my drawdown should be my 5% plus my profits then the next day it goes back to 5% until you make profit

Hello Eshan. Let's assume I've made a loss of $2000 on a $100000 account. Since my daily drawdown is 96000, I have not breached the DD rule. However, on a brand new trading day, will my DD be 96000, or 94000......I asked because it's calculated on my Balance. Since my balance would be $98000 after loosing $2000, will the DD on a new day be 94000??

@simpan32

Жыл бұрын

Same question, but I think your new DD are 94000

@NarutoGuide11

Жыл бұрын

@@simpan32 same question too no reply yet from Eshan

prodrawdown?

But SPT max dd is just 7.5% while MFF max dd is 12%???

Hi I am from Sri Lanka, I started my trading journey at the age of 14 and I am now 17 years old. I am managing the funded account now and I want to study in Australia can I manage my account in Australia? (Registered there and verified in Sri Lanka)

Do they offer free retake if account is positive on last day of phase one.Also do they offer extension of time to meet profit target in phase one? It would multiply their business if they do so--ENEMIES ARE DOING IT ALREADY.

@bdmuslimummah6353

Жыл бұрын

Yes,, u have to notify them,, once i asked them,, they was positive

Drawdown rule that include equity is really bad for us traders..these prop firms should stop with this equity drawndown based on equity

basically if you get to the daily drowdown you loose your acc?

@flashgordon3350

19 күн бұрын

yep

You didn't mention floating loss or profit

@flashgordon3350

19 күн бұрын

He did 2:12

are u sri Lankan ?

@EshanBala

Жыл бұрын

yes

@rosefx_

Жыл бұрын

@@EshanBala proud of you brother

They should eliminate or increase the daily drawdown %. If you're up 30% on your account, there's very little incentive or leeway to trade more aggressively even if you have a large $ cushion - if your account can only decrease a fixed amount during the day. It's very restrictive for good traders. It should at least increase by the same percentage as your account increases.

@Globiworld2000

Жыл бұрын

They did this stupid equity rule on daily to fail traders(remember these firms make profit from fees as well). That why when I hear any Dd base on equity it is a big No for me.and this also reward constant sitting in the front of computer so you are more likely to overtrade- and this is money from fees for broker. when I see eightcap as a prop broker I tend to skip- because I yet to seen any good trading firm using at without strange rules.

@brettreynolds6652

11 ай бұрын

Exactly because its 4% fixed...on any amount you have.The only thing is the Overall will be fixed at..but i've been caught out twice now on the daily drawdown rule!

Scenario 1 Is incorrect im afraid, if the MAXIMUM drawdown on your account is FIXED 7.5% it stays FIXED BASED ON your initial CLOSING balance, so if Johns balance is $110,000 at CLOSING then next week he goes down to $100,000 he HAS VIOLATED the MAXIMUM DRAWDOWN because 7.5% of $110,000 is $8,250. Johns account can only go down to $101,750. Thats his fixed MAXIMUM DRAWDOWN NOW because his closing balance is $110,000

Please comment on best forex prop firm with tight spreads, low commissions, reasonable slippage & no manipulation of price feeds by software tricks--then & only then trader can survive. OTHER WISE TRADER IS DEAD ON ARRIVAL Thanks

Your last example is incorrect, It's 4000$ loss in a single day whether applied on balance or Equity. So If it's applied on 100,000$ with the equity of 98000$ your challenge will be breached at 94,000$ not at 96,000$ !!!

@Harmanjyotsingh

Жыл бұрын

Balance and equity which ever is higher. In this case, trade is in loss, so Equity = Balance - loss. 98000 = 100000 - 2000. Balance is greater than equity so the percentage rule will apply on Balance. similarly, for profits the percentage rule will apply on Equity as equity will always be higher than balance in a running profitable trade ( Equity = Balance + Profits). Only at trade close the equity is equal to balance.

dont feed the scammers

U guys are not being straight forward ur drawdown are both on equity and capital Base

The daily draw down rule seems like a scam

@EshanBala

Жыл бұрын

how so?

@DeepState254

Жыл бұрын

@@EshanBala like if I have a 100K account then I grow it to 160k then one day I loose 4% my account will be closed without refund of my money...Thats a SCAM everyone beware 🚨🚨

smart prop firm is a perfect example of a scam prop firm.

Very helpful. Thank you so much. Could you do a video on maximum lot size based on number of trades opened.