Firm rules · Trailing drawdown

Alpha Futures — trailing drawdown — 100k

Rules read from Alpha Futures's own documentation on 2026-07-31 · rules/alpha-futures-direct

Alpha Futures's Direct Qualified (instant-funded: skips the Evaluation stage, starts directly on a Qualified/funded account) models its maximum drawdown as a trailing floor at the 100k account size: the threshold tracks the highest end-of-day closed balance and never moves back down. The floor stops trailing once it locks; the corpus records a lock condition for this program.

Field	Value
Allowance	3% ($3,000)
Basis	balance_eod
Includes unrealized P&L	Yes
Evaluated	intraday
Locks / freezes	{"at":"initial_plus_abs","value":0}

"'None of our accounts utilize intraday trailing drawdown ... Your floor moves from your end-of-day balance, not unrealised intraday highs.' Both readers agree: the ANCHOR only advances on the end-of-day balance, never on an unrealized intraday peak."Source: https://help.alpha-futures.com/en/articles/9491999-maximum-loss-limit-mll — retrieved 2026-07-31 · last checked 2026-07-31

Unresolved in Alpha Futures's own documentation (read, not reconciled): whether the drawdown floor is tested continuously through the day or only at the end-of-day close.

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