Drawdown Rules for
MyFundedFX
Everything you need to know about MyFundedFX's drawdown rules and how to avoid violating them during your evaluation.
Rules summary
Max Drawdown
12%
Fixed
Daily DD
5%
Per session
Phases
2
Challenge + Verification
Cost
$49 - $499
Depending on account size
How does MyFundedFX calculate drawdown?
DD Maximum Drawdown: 12% (Fixed)
MyFundedFX uses a fixed maximum drawdown of 12%. This means your balance can never fall more than 12% from your initial balance. For example, if you start with $100,000, your account cannot drop below $88,000 at any point during the evaluation.
24h Daily Drawdown: 5%
In addition to maximum drawdown, MyFundedFX imposes a daily drawdown limit of 5%. This means in a single trading day, your equity cannot fall more than 5% from the balance at the start of that day. This limit resets each day at market close.
Common mistakes with MyFundedFX's rules
These are the most frequent mistakes we see among traders trying to pass MyFundedFX's evaluation.
Confusing daily drawdown with maximum drawdown
Many traders focus only on the 12% maximum drawdown and forget they also have a 5% daily limit. One bad session can breach the daily limit even though your total drawdown is far from the maximum.
Not considering open trades in the calculation
MyFundedFX calculates drawdown using your equity (balance + open trades), not just your balance. A large floating loss can breach your limit even though you haven't closed the position. Many traders only monitor balance and are surprised when the prop firm notifies them of a violation.
Trading during news without adjusting risk
High-impact events can cause sharp movements that consume your drawdown margin in seconds. With a 12% limit and a 5% daily maximum, a spike during NFP or rate decisions can end your evaluation before you can react.
How to monitor your drawdown with MyFundedFX's rules?
Trading Monitor is designed to protect you from drawdown violations during prop firm evaluations like MyFundedFX.
Alerts before the limit
Set MyFundedFX's limit (12% max DD, 5% daily) and receive a push alert on your phone when you're approaching. Enough time to close positions or reduce lot size.
Drawdown by strategy
If you use multiple EAs or strategies on your MyFundedFX account, Trading Monitor shows you each one's drawdown separately using magic numbers. Identify which strategy is pushing you toward the limit.
Sync every 60 seconds
Your MetaTrader data syncs automatically every 60 seconds. No need to check the terminal manually — Trading Monitor does it for you 24/7.
Evaluation period
Create a tracking period with the exact dates of your MyFundedFX evaluation. See your drawdown progress specifically during that period, not mixed with previous trades.
Protect your MyFundedFX evaluation
Don't let a drawdown violation ruin your $49 - $499 investment. Trading Monitor alerts you before you cross the limit.
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