For traders participating in the Evaluation, Express, and Stellar 2-Step challenges, a daily drawdown of up to 5% of their initial account balance is permitted. However, for traders enrolled in the Stellar 1-Step challenge, the allowable daily drawdown is limited to 3% of their initial account balance.
To calculate the daily loss limit, you can use the following formula: Daily loss limit = Your Last day's Balance - Today's Balance / Equity. Another thing to keep in mind is that your daily loss limit will be reset at midnight according to the server time.
Let's consider an example to illustrate this calculation. Suppose you have purchased an Evaluation 100K account. Here's how the calculation works: