Drawdown is the distance from your highest account equity (the peak) down to a subsequent low. A $52,000 peak followed by a $50,500 low is a $1,500 drawdown.
Prop firms turn drawdown into a hard rule: breach the firm's maximum drawdown and the account ends. Whether that limit is fixed or moves with your profit is the difference between static and trailing drawdown.
See it on your own trades.
Merlin computes the metrics and rule distances above from your imported history, and checks your next trade against them before you enter.
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Firm figures reflect published rules at the time of writing. Firms revise rules often, so verify against the firm's site before relying on them.
Merlin's gauges derive from closed trades. Your firm watches live equity including open positions.
MerlinTrade is independent trading-journal software and is not affiliated with, endorsed by, or sponsored by any prop firm. All trademarks belong to their owners.