How does the daily drawdown and max drawdown work for the Funded Trader Program (Instant Funding)?

Example :

7.5K FTP Account (5% Trailing DD)

If your equity reaches:

$7,800 highest point of the day

Your DD limit becomes:
7,800 × 95% = 7,410

If at any time your equity goes below 7,410, the account is breached.

This applies throughout the day, not just at rollover.

Maximum Total Drawdown | 10%

• The maximum total drawdown is 10% on the Funded Trader Program. Therefore, the equity must not fall below 90% of the initial account balance both for open and closed positions, including commissions and swaps.
  
  Example: For a $15k FTP account, your equity shall never go below $13.5k.