Short Answer
The Daily Loss Limit is the maximum amount your account can lose during a single trading day.
The Daily Loss amount is based on your initial account balance and is applied each day at 21:00 UTC to the higher of your Balance or Equity.
A breach occurs if your Equity falls below your Daily Loss Limit before the next daily reset.
How It Works
At 21:00 UTC, FundingRock compares your Balance and Equity. The Daily Loss amount is then deducted from whichever value is higher to determine your Daily Loss Limit for the new trading day.
Your account is monitored continuously, and if your Equity falls below that Daily Loss Limit at any point before the next reset, your account will be considered in breach of the applicable Trading Rules.
Example
A trader has a $50,000 Evaluation Program.
Daily Loss amount: $1,500
Balance at 21:00 UTC: $50,000
Equity at 21:00 UTC: $50,300
The Daily Loss amount is deducted from the higher value ($50,300), setting the Daily Loss Limit at $48,800.
If the trader’s Equity falls below $48,800 before the next daily reset, the account breaches the Daily Loss Limit.
Important
The Daily Loss amount is always based on your initial account balance.
The Daily Loss Limit resets every day at 21:00 UTC.
A breach occurs when your Equity falls below the Daily Loss Limit.
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