The daily maximum profit cap is a rule designed to promote steady, consistent trading to prevent restricted trading strategies. It establishes a daily limit on the maximum profit you can achieve, calculated as a percentage of your initial account balance.
Example:
The Daily Profit Cap is set at 2% of your initial account balance. If your initial account balance is $100,000, your Daily Profit Cap is $2,000 (2% of $100,000). For instance, If your account balance at the start of the new day is $105,000, then the Daily Profit Cap level is set to $107,000.
If your profit exceeds 2% within the trading day (trading day = 00:00 - 23:59 Server Time), the balance will increase but the profit generated over the limit won't count towards the profit target or payout allowance.