The trailing drawdown is one of the core risk-management rules at Sirok Futures.
It defines the maximum loss your account can take before it is automatically closed.
At Sirok Futures, the trailing drawdown is EOD-based (End of Day):
it only moves once per day, at the end of the trading session, based on your closed balance.
It can never move above a predefined lock level and is designed to protect the account from excessive losses.
This rule applies to both Challenge and Funded accounts.
1. Key principles
The trailing drawdown is your maximum loss limit.
If your equity (balance + open P&L) ever falls below this level, the account fails.The drawdown is EOD-based:
It only moves upward at the end of the trading day,
when your closing balance is higher than the previous day.It never moves downward when you lose.
Intraday moves (unrealized P&L) do not move the drawdown. Only the final EOD balance can push it up.
2. Starting parameters by account size
Each account type starts with:
A starting balance
A trailing drawdown amount
An initial equity limit (starting balance − trailing drawdown)
Account size | Starting balance | Trailing drawdown (EOD) | Initial equity limit |
50K Challenge | $50,000 | $2,000 | $48,000 |
100K Challenge | $100,000 | $3,000 | $97,000 |
150K Challenge | $150,000 | $4,500 | $145,500 |
From day one, your equity must never drop below the initial equity limit.
If it does, even briefly, the account is considered breached.
(The same logic and structure apply to the Funded accounts with the same nominal sizes.)
3. How the EOD trailing works
The trailing drawdown is updated once per day, at the close of the trading session,
after all positions have been closed (overnight trading is not allowed).
At each End of Day:
We take your closing balance (closed P&L only).
If the closing balance is higher than the previous day’s EOD balance,
the trailing drawdown is moved upward.If the closing balance is equal or lower,
the trailing drawdown does not move.
Intraday open profits may increase or decrease your equity, but they do not move the trailing drawdown.
Only the end-of-day balance is used to update it.
4. Example – 100K Challenge (EOD trailing)
You have a $100,000 Challenge with a $3,000 trailing drawdown.
Your initial equity limit is $97,000.
Day | End-of-day balance | Trailing drawdown (EOD) | Status |
Start | $100,000 | $97,000 | Account active |
Day 1: +$2,000 closed | $102,000 | $99,000 | Drawdown moves up |
Day 2: –$1,000 closed | $101,000 | $99,000 | Drawdown unchanged |
Day 3: +$2,100 closed | $103,100 | $100,100 | Drawdown moves up |
In this example:
On Day 1, your balance makes a new high, so the drawdown moves up.
On Day 2, your balance decreases, so the drawdown stays where it is.
On Day 3, your balance makes a higher high again, and the drawdown moves up accordingly.
The drawdown only reacts to new EOD highs. Intraday movements during the day do not change its level.
5. What causes a breach
A trailing drawdown breach occurs if, at any moment:
Your equity (balance + open P&L) drops below the current drawdown level.
Consequences
Challenge:
The evaluation fails.
The account will reset automatically at your next subscription renewal,
or earlier if you purchase a manual reset.
Funded account:
The Funded account is permanently closed.
There are no resets on Funded accounts; you must pass a new Challenge to receive a new Funded account.
6. Summary : how the trailing drawdown works
The trailing drawdown is EOD-based and updated once per day at session close.
It moves upward when your EOD balance makes a new high.
It never moves down, even after losses.
A breach occurs when your equity falls below the current drawdown level at any time.
The same mechanics apply in both Challenge and Funded accounts, with different consequences in case of breach.