Apex Trader Funding 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. It does not freeze at the starting balance during the evaluation.
Floor follows every new equity high (Apex-style).
Merlin tracks this from your imported trades. Every close updates your distance to breach.
How the Apex Trader Funding drawdown moves
- →The trail follows intraday peaks: a trade that spikes then reverses raises your floor and gives nothing back.
- →There is no separate daily loss limit on the evaluation, so the trailing threshold is the single line that ends the account.
- →Because it never freezes, once you are in profit you can breach while still above your starting balance.
Start at $50,000 with a $2,500 intraday trail. Your open equity spikes to $51,000 mid-trade: your floor immediately becomes $48,500, even if you give the spike back. Reach a $53,000 high and the floor is $50,500: now you can breach while still $500 in profit.
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.
FAQ
How does the Apex trailing drawdown work?+
Apex's threshold follows your highest equity, including unrealised highs while a trade is open. When equity falls the threshold amount (e.g. $2,500 on the 50K) below that peak, the account breaches.
Does Apex have a daily loss limit?+
No. The evaluation has no separate daily loss limit, so the intraday trailing threshold is the only 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 during the evaluation and does not lock at your starting balance, so you can breach while in profit.
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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