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Daily Maximum Loss explanation and calculation for preset E8 Account
Daily Maximum Loss explanation and calculation for preset E8 Account

What is daily drawdown and how it is calculated?

Updated over a week ago

Daily Drawdown is initially calculated by 4% of your initial balance or scaled balance (balance after payout) of your account.

It is then calculated of the starting equity or the balance of each new day (depending on which is higher) during market rollover (00:00 UTC + 3).

Example scenario: If a user’s starting equity at the start of the new day (00:00 UTC + 3) is $103,000, but their balance is $100,000, then the user’s daily stop-out level is $99,000 within the same day until the simulated equity resets with the user’s new registered balance at market rollover again.

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To better understand your limits, always follow your account loss analysis, which is located in the top right corner of your dashboard.

In the example above, the starting equity of the simulated account was US$105,048,41, so the Loss level was US$100,048.41.

Loss level represents the amount that you can not exceed.
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