Ultimate Traders
Questions & Answers

Thank god it’s not a trailing stop loss, that would not be very good. I don’t understand how some traders go for prop firms with intraday trailing stop loss. Like imagine you just opened position, it unfortunately goes to stop loss, but your overall drawdown is still going high, that’s unfair! With Ultimate traders it’s a normal end of the day drawdown, meaning that every 24 hours period your equity will be recorded and affect your drawdown if you went to the profits. Anyway, that was a great question to ask, I hope this one helped you to understand if they are the right first for you.

There are two types of drawdown limits, one is the daily limit and the other one is in total of your starting balance. I assume you are asking bout the daily drawdown. Yes, it is calculated at the end of the day, and every 24h your balance is refreshed. But that doesn’t mean that if you exceed the daily drawdown limit, and manage to get back later with some revenge trades, you won’t breach the rules. Your account will be suspended even in this case. You have exceeded the drawdown limit. So, i guess that second part of your question regarding the trailing inside the day applies as well. That’s how I understand it. To make sure, maybe it’s best to contact their support team.