At a glance
- A daily reset does not necessarily replenish total loss room.
- The smaller remaining allowance is the immediate constraint.
- Open losses and costs may count even before positions close.
The two limits do different jobs
A daily rule restricts losses relative to a defined daily reference. A maximum-loss rule sets a broader account floor. The daily reference may reset; a static or trailing account floor follows its own rules. Neither label tells you whether the firm tests balance or equity.
FTMO’s Trading Objectives describes equity components and a daily recalculation time for its products. Those details matter because an open position can cross the boundary between calculation periods.1 Always select the product you hold when reading the page.
A hypothetical account with two floors
Suppose current equity is $99,000. The effective daily floor is $97,000 and the total account floor is $96,000. The remaining room is $2,000 under the daily rule and $3,000 under the total rule. In this simplified snapshot, the daily constraint is closer.
Now suppose equity is $97,200 with the same floors. The remaining room becomes $200 and $1,200. A historical “3% daily limit” is not the amount you still have available. Use the current floor and current monitored account value.
The arithmetic is remaining room = monitored value − applicable floor. It is a snapshot, not an order-sizing recommendation, and it excludes execution changes after the snapshot.
Check the reset clock and overnight exposure
Record the timezone used for a daily reset and how daylight-saving changes are handled. Also record whether holding positions across that reset is allowed. An unchanged trade can face a newly calculated daily floor if the rule samples a different starting balance.
Do not assume that “no separate daily cap” means “no risk limit.” A maximum-loss floor, position-size restriction or other account rule can still apply. Record a missing value as unknown unless the source explicitly says the separate rule does not exist.
Use a two-line monitoring sheet
- Daily: reference, reset time, current floor, monitored value, remaining room.
- Maximum: floor type, current reference, stop-trailing rule, current floor, remaining room.
Keep costs and open P&L in the monitoring sheet when the rules include them. A final fill above the floor does not prove that equity never crossed it earlier. The drawdown guide explains that distinction in more detail.
Sources & dates
Primary pages accessed on . A source can change after publication. The examples above are not a claim about a program’s current price.
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Use your own assumptions in a simplified model, then check the governing rule.
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