TakeProfit Trader's 50K account uses a $2,000 end-of-day trailing drawdown alongside a $1,100 daily loss limit. The trail steps up at each daily close and does not freeze at the starting balance.
Floor follows every new equity high (Apex-style).
Merlin tracks this from your imported trades. Every close updates your distance to breach.
How the TakeProfit Trader drawdown moves
- →The drawdown is end-of-day trailing: the floor moves up at each daily close, so locking profit before the close protects tomorrow's buffer.
- →Because it does not freeze, the floor keeps following your closes and you can breach above your starting balance.
- →A separate $1,100 daily loss limit can end your trading day before the trailing drawdown is ever in play.
Start at $50,000 with a $2,000 end-of-day trail. Close at $52,500 and your floor rises to $50,500, so a pullback to $50,500 breaches you even though you are $500 in profit. Independently, losing $1,100 in realised P&L on any single day ends that day.
Figures reflect a common TakeProfit Trader account at the time of writing. Firms revise rules often, so verify against the TakeProfit Trader 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 TakeProfit Trader. All trademarks belong to their owners.
FAQ
What is the TakeProfit Trader drawdown on the 50K?+
A $2,000 end-of-day trailing drawdown: the floor steps up at each daily close as your equity rises and does not freeze at the starting balance.
Does TakeProfit Trader have a daily loss limit?+
Yes. On the 50K the daily loss limit is $1,100 of realised loss; reaching it ends your trading day separately from the trailing drawdown.
Track your TakeProfit Trader 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.
One click. No email, no card.