How do you calculate the 3% Daily Loss Limit in 1 step Express Evaluation?
The daily loss limit is the maximum amount your account can lose in a single day. It is calculated based on the balance from the previous day, which resets daily at 00:00 GMT+2 (Standard Time) or GMT+3 (Daylight Saving Time). The daily loss limit is determined as a fixed amount. For example, on a $100,000 account, the daily loss limit is $3,000.
Example 1: If your balance at the end of the previous day (23:50 GMT+2 or GMT+3) was $100,000, your account would exceed the daily loss limit if your equity dropped to $97,000 during the day.
Example 2: If your floating equity is +$5,000 on a $100,000 account, your maximum daily loss for the new day (23:50 GMT+2 or GMT+3) is still based on your balance from the previous day ($100,000). Therefore, your daily loss limit remains at $97,000.
Example 3: If you make a $5,000 profit on a $100,000 account, your new balance at the end of the day would be $105,000. For the next day (23:50 GMT+2 or GMT+3), your daily loss limit is calculated based on this new balance, meaning your limit would be $102,000.
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