Strike type | Meaning | Example |
Immediate Strike | No warning stage; the Strike is recorded once the breach is confirmed. | Notional Volume breach. |
Warning-Based Strike | A warning or Formal Warning may come before a later qualifying breach records a Strike. | Instant Floating Drawdown after the first Formal Warning. |
Conditional Strike | The condition is identified, but the Strike is applied only if payout is requested while it remains active. | Scalping, single-trade dependency, one-sided concentration, or liquidity abuse at payout. |
Related Terms: Sections 1.2, 7.14, 7.20
