Glow Node Drawdown Warning System: Important Rule Change

Glow Node has an important update to the rule for the Glow Node Evaluation Challenges, effective immediately: 2% Floating Drawdown Warning System.

After carefully considering feedback from its traders, Glow Node has decided to make a significant change to its evaluation process. Previously, many traders faced challenges with the 75% rule. This led to account failures despite considerable effort put into completing the challenge.

Glow Node Important Rule Change: Floating Drawdown Warning System

So, to address these concerns and provide a fairer evaluation process, they are introducing a new rule: 2% Floating Drawdown Warning System. If your account experiences a drawdown of more than 2% of your starting balance at any given time, you will receive a warning.

• If this happens twice, you will receive a second warning.
• Upon the third occurrence, your profit split will be reduced to 50%.
• If it happens a fourth time, your account will be breached.

Glow Node believes this new system will allow traders to continue trading without immediately breaching their accounts. It also provides a more flexible approach to risk management, helping you adjust your strategies and improve your trading performance. Also, all trades will be closed when your account receives a warning.

The new 2% Floating Drawdown Warning System implemented by Glow Node aims to address previous challenges and provide a fairer evaluation process for traders in their Evaluation Challenges. This change offers enhanced security and encourages traders to refine their strategies for improved trading performance. 

In conclusion, Glow Node’s implementation of the 2% Floating Drawdown Warning System demonstrates its commitment to creating a fair and supportive environment for traders. This change reflects their responsiveness to user feedback and aims to provide a more flexible and accommodating evaluation process while encouraging improved risk management and trading strategies.

About the Firm

Here are some interesting facts about the firm:

• Scaling Plan
• First Payout After 14 Calendar Days
• Bi-weekly Payouts
• Profit Share 80% up to 90%
• Overnight & Weekend Holding Allowed
• News Trading Allowed
• No Commission Fees on Commodities, Indices & Cryptocurrencies

Also, use our Discount Code (FOREXPROPREVIEWS) for a 10% Discount or read the Review.