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How does the virtual relative drawdown impact the payouts from the Apollo 11 Simulated Funded Account?
How does the virtual relative drawdown impact the payouts from the Apollo 11 Simulated Funded Account?

Virtual Relative Drawdown and Apollo 11 Payout Requests

Updated over a week ago

Overview

During every stage of the Apollo 11 Challenge, adherence to the Virtual Maximum Drawdown rule is crucial to successfully pass the Evaluation and qualify for profit withdrawal during the Simulated Funded Phase.

We use the Virtual Relative Drawdown method for determining the Virtual Maximum Drawdown, which means the maximum allowable simulated loss is always 6% of your initial demo account balance. This simulated loss limit tracks the highest account balance achieved until it reaches the starting demo account balance, effectively following your simulated profits until they reach 6%.

What happens when I request the simulated profits I made on my Apollo 11 simulated funded account?

In such scenarios, the maximum loss level remains unchanged even after profit withdrawal, indicating that the virtual Maximum Drawdown doesn't reset. It's also important to note that, in this program, you're required to specify the simulated profit amount you wish to withdraw from your account.

Example 1: Starting with a $100,000 virtual funds account, your virtual Maximum Drawdown is set at 6% ($94,000) and will track your highest virtual balance. If you make a 6% simulated profit, bringing your account to $106,000 virtual funds, your virtual Maximum Drawdown level is now $100,000. At this point, you can specify your desired withdrawal amount. Consider these options:

  1. Withdrawing $2,000 leaves your virtual Max Drawdown level at $100,000, and post-withdrawal, you'll have a 4% buffer with a demo ccount balance of $104,000.

  2. If you withdraw the full $6,000, your account would breach the virtual Maximum Drawdown limit, as you would not have any drawdown allowance left.

Example 2: Starting with a $100,000 virtual funds account, your virtual Maximum Drawdown is set at 6% ($94,000) and will track your highest virtual balance. If you make an 18% simulated profit, bringing your account to $118,000, your virtual Maximum Drawdown level remains $100,000. Here are some withdrawal possibilities:

  1. Withdrawing $3,000 virtual funds leaves your virtual Maximum Drawdown level at $100,000, and post-withdrawal, you'll have a 15% buffer with an account virtual balance of $115,000.

  2. Withdrawing $10,000 virtual funds leaves your virtual Maximum Drawdown level at $100,000, and post-withdrawal, you'll have an 8% buffer with an account virtual balance of $108,000.

Example 3: Starting with a $100,000 virtual funds account, your virtual Maximum Drawdown is set at 6% ($94,000) and will track your highest balance. If you make a 1% simulated profit, bringing your account to $101,000, your virtual Maximum Drawdown level is now $95,000. Here are some withdrawal possibilities:

  1. Withdrawing $1,000 virtual funds leaves your virtual Maximum Drawdown level at $95,000, and post-withdrawal, you'll have a 5% buffer with an account virtual balance of $100,000.

  2. You also have the option to wait for further simulated profit accumulation and increase your buffer before requesting a withdrawal.

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