Available for:
E8 Signature Forex
E8 Signature Crypto
Daily Pause is a protective feature that safeguards your trading account. If your daily pause reaches a predetermined percentage of your starting account balance, your trading will be temporarily paused until the next trading day (00:00 Server time). This feature aims to prevent you to fail an evaluation from a single trading mistake or unforeseen market movements.
Daily Pause allowance is calculated by 2% of your initial balance and the limit that you can not exceed is then calculated of your starting balance of each new day during market rollover (00:00 Server Time).
Example: $100,000 Account with 2% Daily Pause
Day 1:
Initial Balance: $100,000
Daily Pause: 2% of $100,000 = $2,000
Loss Level: $100,000 - $2,000 = $98,000
Temporary Pause: If equity or balance drops below $98,000.
Day 2 (Assuming starting balance is $102,500):
New Day's Starting Balance: $102,435
Daily Pause: 2% of $100,000 = $2,000
Loss level: $102,435 - $2000 = $100,435
Temporary Pause: If equity or balance drops below $100,435.
Example with account loss analysis (Data taken from Day 2)
To better understand your limits, you can always rely on your account loss analysis, which is located in the top right corner of your dashboard.
If your account equity or balance reaches or falls below the loss level, your account will be temporarily paused until the next trading day (00:00 Server time).
When you reach the 2% daily pause limit, it takes some time before all positions are closed after the violation. It is not instant, so we advise using SL on each trade to avoid losing more than 2%.
If you don't use a Stop-Loss at the 2% limit, or if you risk more and due to the delay your positions close at a loss greater than 2%, we bear no risk and you are not entitled to any rebalance.