Figures reflect a common Apex Trader Funding account at the time of writing. Firms revise rules often, so verify against the Apex Trader Funding 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 Apex Trader Funding. All trademarks belong to their owners.
How to pass without breaching
- →The trail follows intraday peaks, so protect unrealised highs: a trade that spikes then reverses raises your floor and gives nothing back.
- →With no daily loss limit, the trailing threshold IS your risk line; treat $2,500 as the only number that matters.
- →Bank near round-number targets rather than holding for the high tick: the high tick becomes your new floor minus $2,500.
- →Hit the 7-day minimum even on green days; the profit target alone does not pass you.
Check your exact distance to breach
Drop your balance, peak and limit into the free calculator, preset to the Apex Trader Funding numbers. No signup.
Open the Apex Trader Funding drawdown calculator →Apex Trader Funding FAQ
How does Apex's trailing drawdown work?+
Apex uses an intraday trailing threshold (e.g. $2,500 on the 50K) that follows your highest equity, including unrealised highs while a position is open. When equity falls $2,500 below that peak, the account breaches.
Does Apex have a daily loss limit?+
No. The evaluation has no separate daily loss limit, so the trailing threshold is the single line that ends the account.
Does the Apex drawdown freeze at the starting balance?+
No. Unlike Topstep's MLL, the Apex trail keeps following new equity highs and does not lock at your starting balance during the evaluation.
Track your Apex Trader Funding rules from your trades.
Import your trades and Merlin computes your distance to every limit from your closed trades, and the Pre-Trade Check flags the trade that breaks your rules before you take it.
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