1. Maximum daily drawdown (5%): It is based on the account's net value at the closing of the previous day. Your daily trading starts at 23:59 (GMT+3 or GMT+2, depending on daylight saving time). From that point, your account's total net value should not fall below 95% of the previous day's total net value within the same day (i.e., it should not decrease by more than 5%).
2. Maximum total drawdown (10%): Based on the initial account balance, your total account net value should not draw down more than 10% of the initial challenge amount.