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General information about Funding Trading, our evaluation programs and live funding.
What is the Difference between a Parachute and a Rollback?
Can you use these add-ons if you broke a rule of the evaluation?
- A rollback CANNOT be used if you have failed any rules.
- A parachute CAN be used exactly for that, if you have failed a rule: the approved times rule or the daily loss rule - but cannot be used if you failed the EOD drawdown rule.
How is the account balance impacted if you use either one of these Add-ons?
- If you hit the daily loss limit and use the Parachute, your balance won’t change by the next trading day - you will continue with the same balance that you had at the moment of reaching your daily loss max.
- If you are close to hitting your daily loss limit, you can use the Rollback, but only if you haven’t yet hit your daily loss limit. It will reinstate your account balance to what you started that day’s session with.
What’s the overall effect of these Add-ons?
- The Rollback serves to reinstate your account balance to cash on hand on the given day.
- The Parachute serves to remove a failure by the approved times rule or by the daily loss rule, but if you fail the EOD drawdown rule, only a reset can salvage your evaluation.
How many times can you use these Add-ons?
Either one of the above two features can only be used ONCE for your evaluation account.
After a reset, you can purchase the Rollback/ Parachute again, as with the reset you get a new account.