On the same day, you have an open position with a currently floating loss of $13,000. In one moment, your daily loss was -$11,700 on the equity, which is more than the permitted loss of $10,000.īe careful as the Maximum Daily Loss resets at midnight CE(S)T! Let’s say that one day you had a profit of $4,000. For example, if in one day, you have closed trades with a loss of $6,000 and then you open a new trade that goes into a floating loss of some -$5,700 but ends up positive in the end, unfortunately, it is already too late. Once again, be reminded that your Maximum Daily Loss counts your open trades as well. Vice versa, if you profit $5,000 in one day, then you can afford to lose $15,000, but not more than that. The limit is inclusive of commissions and swaps. It must also not go -$2,000 in your open floating losses. If you happen to lose $8,000 in your closed trades, your account must not decline more than $2,000 this day. The counting formula:Ĭurrent daily loss = results of closed positions of this day + result of open positions.įor example, in the case of the FTMO Challenge with the initial account balance of $200,000, the Max Daily Loss limit is $10,000. The rule says that at any moment of the day, the result of all closed positions in sum with the currently open floating P/Ls (profits/losses) must not hit the determined daily loss limit.
According to our rules, this is set as 5% (10% in case of an Aggressive version) from the initial account balance. This rule can also be called “trader’s daily stop-loss”. If a trade is held over multiple days, only the day when the trade was executed is considered to be the trading day. A trading day is defined as a day when at least one trade is executed. At least one position must be opened in each of these days. To meet this objective, you must trade for at least 10 days during the current duration cycle. We will advance you to the Verification as soon as possible. For example, if you pass all the Trading Objectives of the FTMO Challenge in just 11 days, no need to wait another 19 days. If you manage to pass the Trading Objectives sooner, you do not need to wait for the remaining duration days. The FTMO Challenge duration is 30 calendar days the Verification duration is 60 calendar days.
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