The daily permitted loss is always 5% of the size of your Challenge.
Example: For a $100,000 Challenge Account, that means it's always $5,000 (5%).
⚠️Important Points:
The Daily Permitted Loss is Balance Based.
The daily permitted loss always resets between 11:30 PM CET and 11:59 PM CET (rollover). During this period it is not recommended to trade.
Between 11:30 PM CET and 11:59 PM CET we take your balance. (Rollover)
Scenario With Trade Open during Rollover (Change of the day):
At 00:00 CET your balance is $100,000 and you have a trade open with $1,000 in profit.
Balance: $100,000 (Still at $100,000 because the trade is not closed)
Equity: $101,000 (Because you have a trade open with $1,000 in profit)
We take your Balance of $100,000 and you Daily Permitted Loss is $5,000 so your Balance or Equity cannot be lower than $95,000.
Scenario With Trade Closed during Rollover (Change of the day):
At 00:00 CET your balance is $101,000 because you close a trade with $1,000 in profit this day.
Balance: $101,000 (because you close a trade with $1,000 in profit)
Equity: $101,000
We take your balance of $101,000 and you Daily Permitted Loss is $5,000 so your Balance or Equity can not be lower than $96,000.
You can always check your "Today's breach level" in your dashboard.
