LucidDaily Customization
Overview
LucidDaily gives traders the ability to customize their account at the time of purchase. Two settings can be adjusted to create the trading experience that best fits your risk preferences. The two customization options are:
Daily Loss Limit: On or Off
Evaluation Drawdown: End-of-Day (EOD) or Intraday
These settings create four unique LucidDaily account configurations.
Daily Loss Limit
The Daily Loss Limit (DLL) determines whether a daily loss cap is enforced on your account. The DLL is a soft breach, so if you hit it you will simply be locked out until the next trading session.
Daily Loss Limit Enabled
A Daily Loss Limit is enforced on both evaluation and funded accounts
Results in a lower evaluation purchase price
Daily Loss Limit Disabled
No Daily Loss Limit is applied during either the evaluation or funded phase
Results in a higher evaluation purchase price
Evaluation Drawdown
This setting determines how the Max Loss Limit is calculated during the evaluation only.
Important: Regardless of your selection, all LucidDaily Funded accounts use an Intraday Drawdown.
End-of-Day (EOD) Drawdown
Drawdown is calculated using your account balance at the end of each trading session
Unrealized gains and losses do not affect the drawdown calculation
Results in a higher evaluation purchase price
Intraday Drawdown
Drawdown is monitored continuously throughout the trading session
Unrealized profits and losses are included in the calculation
Results in a lower evaluation purchase price
Available Account Configurations
LucidDaily offers four possible combinations.
Option 1: Daily Loss Limit ON + Intraday Evaluation Drawdown
Daily Loss Limit enabled
Evaluation uses Intraday Drawdown
Funded account uses Intraday Drawdown
Cheapest version of LucidDaily
Option 2: Daily Loss Limit ON + End-of-Day Evaluation Drawdown
Daily Loss Limit enabled
Evaluation uses End-of-Day Drawdown
Funded account uses Intraday Drawdown
Mid-tier pricing version of LucidDaily
Option 3: Daily Loss Limit OFF + Intraday Evaluation Drawdown
No Daily Loss Limit
Evaluation uses Intraday Drawdown
Funded account uses Intraday Drawdown
Mid-tier pricing version of LucidDaily
Option 4: Daily Loss Limit OFF + End-of-Day Evaluation Drawdown
No Daily Loss Limit
Evaluation uses End-of-Day Drawdown
Funded account uses Intraday Drawdown
Most expensive version of LucidDaily
Choosing the Right Configuration
Your LucidDaily customization should reflect your priorities:
Choose Daily Loss Limit ON or Intraday Drawdown in Eval if you prefer a lower purchase price.
Choose Daily Loss Limit OFF or EOD Drawdown in Eval if you want more flexibility and don't mind paying a premium for it.
Once selected, these settings cannot be changed for an active account. If you want a different configuration, you'll need to purchase a new LucidDaily account with your preferred options.