Orion has three drawdown types. Which one applies depends on your program.
The maximum drawdown is a cumulative floor. Unlike the daily loss which resets every night, it never resets. The three types differ in how that floor moves as your balance changes.
| Type | How the floor works | Applies to |
|---|---|---|
| Static | Set once at the start, based on your initial account balance. Never moves in any direction. | Orion Standard, Orion Standard Swing, Orion Select |
| Trailing | Follows your highest equity upward. As you profit, the floor rises with you. On pullbacks, it stays where it is. | Orion Lite |
| Trailing Lock | Follows your highest balance upward, then locks permanently once it reaches your starting balance. Never moves after that. | Orion Zero |
Hypothetical examples
Static drawdown
You start with $100,000. Your floor is set immediately at $94,000 (6% below starting balance) and never moves. You grow to $132,000, fall back to $98,000. The floor stays at $94,000.
Trailing drawdown
You start with $100,000. The floor begins at $94,000. You grow to $115,000. The floor rises with you to $108,100 (6% below $115,000). You pull back to $111,000. The floor stays at $108,100. You now have $2,900 of room left, not the $6,000 you started with.
Trailing lock drawdown
You start with $100,000. The floor begins at $94,000 and rises as you profit. Once your balance reaches $106,383, the floor hits exactly $100,000 and locks permanently. From that point on the floor never moves again, no matter how high your balance grows.