The Max Daily Loss rule is designed to maintain consistent trading practices. The daily loss limit of 5% refers to the maximum drawdown for the day, and it includes both realized and floating losses.
Reset Daily
Your Max Daily Loss resets at midnight (GMT+2) each day.
The reset considers both closed positions (Closed P/L) and open positions (Floating P/L).
It is set at 5% throughout all stages of the challenge.
Example
Daily loss limit of current day is 5% of the closing equity of the previous day. If your account balance is €100,000, and your starting equity for the day is €100,000, then, your Max Daily Loss will be (€100,000 * 0.05) = €5000.