As a reminder: Maximum daily loss and maximum drawdown are in force at the same time. Reaching or exceeding EITHER of these thresholds will result in a breach.

The maximum daily loss equity limit is 4% for 1-Step accounts and 5% for 2-Step accounts.

This is the daily equity limit for the account.

This is NOT a static $ amount.

This is NOT a daily reset based on your starting balance.

It is a percentage-based calculation from your balance at 12:30AM/0030 UTC.

This calculation takes place every day at 12:30AM/0030 UTC.

Your balance does not include any open positions.

For example: Your balance (not including any open positions) at 12:00AM/0000/Midnight UTC is $105,000. You have a 1-Step Breakout Account. Your maximum daily loss equity limit will be recalculated as $105,000 - 4% = $100,800. That will be your maximum daily loss equity limit for the next 24 hours, until 12:00AM/0000/Midnight UTC the following day.

If your equity (including any open positions) reaches or exceeds your maximum daily loss equity limit at any point for any amount of time, the account will be breached.

This means all positions are automatically closed, the account is permanently disabled, and Trading Withdrawals are no longer available (unless the Breach Insurance add-on applies).