Phidias 2.0 drawdown: static or EOD
Phidias does not use one drawdown model. E2L keeps a static limit that never trails. Fundamental and Premium use a calculation at session end. Risk management must start with that distinction.
Commercial disclosure
I am a Phidias affiliate and also perform support and community-management work for the firm. This relationship may influence my analysis. Facts therefore link to official rules, while limitations are stated without promising any outcome.
Phidias 2.0
Evaluation and CASH phases are simulated. Any LIVE transition depends on the selected path and the rules in force.
Official data as of July 13, 2026Thresholds depend on the family
| Criterion | Sizes | Drawdown | Method |
|---|---|---|---|
| E2L | 25K / 50K / 100K / 150K | 500 USD / 650 USD / 800 USD / 1,000 USD | Static, never trails |
| Fundamental | 50K / 100K / 150K | 2,500 USD / 3,000 USD / 4,500 USD | Trailing, calculated end of day |
| Premium | 50K / 100K / 150K | 2,500 USD / 3,000 USD / 4,500 USD | Trailing, calculated end of day |
The daily limit stays fixed, then may trail after the close
Unrealized intraday gains do not immediately move the EOD liquidation level. A new level is calculated from the closed balance at session end.
Work from remaining room, not nominal capital
Read liquidation
Record the exact dashboard level before the session.
Keep a reserve
Allow room for commissions, slippage, and execution error.
Calculate stop risk
Multiply stop ticks by tick value and contract count.
Set a session cap
Stop before the remaining room forces an abnormal stop.
Update after close
For EOD accounts, recalculate only after the new level is published.
What EOD drawdown does not do
- It does not prevent intraday liquidation at the fixed daily level.
- It does not make E2L an overnight program.
- It does not remove the 30% CASH rule for Fundamental and Premium.
Official documents reviewed
Rules can change. Check the official pages and checkout before making a decision.
- Official Phidias 2.0 presentation, accessed July 13, 2026.
- Official Phidias rules, accessed July 13, 2026.
- Phidias terms of use, accessed July 13, 2026.
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