Traders are obliged to adhere to both the Today's Permitted Loss Limit and the Maximum Permitted Loss Limit as stipulated on the TradersFlow dashboard.
Today's Permitted Loss:
Today's Permitted Loss Limit provides traders with a dynamic view of their allowable losses for a specific day, subject to continuous updates based on the profit or loss incurred during that trading day.
For example, if a trader possesses a $100,000 2-Step account, the maximum daily loss limit is set at $5,000. Consequently, following the server reset time, the Today's Permitted Loss Limit will be displayed as $5,000. If a trader opens a trade and subsequently closes it with a profit of $500, the Today's Permitted Loss Limit visible on the dashboard will reflect $5,500 ($5,000 + $500). In contrast, if the trade closes with a loss of $500, the Today's Permitted Loss Limit will be presented as $4,500 ($5,000 - $500).
It is imperative to recognize that the Today's Permitted Loss Limit undergoes a daily reset, occurring precisely at midnight, synchronized with the server time. However, it is crucial to adhere to both the daily loss limit and overall loss limit, ensuring that the Today's Permitted Loss Limit does not exceed the Maximum Permitted Loss Limit at any given time.
For example, in the case of a $100,000 2-Step account with an overall maximum loss limit of 10%, not exceeding $10,000, this implies that the account balance must not drop below $90,000. Consequently, if, after several days of trading, the account balance stands at $93,000, the Today's Permitted Loss Limit and Maximum Permitted Loss Limit will both reflect a figure of $3,000.
Maximum Permitted Loss:
The Maximum Permitted Loss Limit reveals the permissible losses within the entirety of a trading cycle, continually adapting based on the trader's accumulated profit or loss throughout the course of the trading cycle.
For example, if a trader possesses a $100,000 2-Step account with an overall maximum loss limit set at 10%, not exceeding $10,000, this signifies that the account balance must always maintain a minimum of $90,000. If a trader initiates a trade and subsequently closes it with a profit of $500, the Maximum Permitted Loss Limit displayed on the dashboard will reflect $10,500 ($10,000 + $500). In contrast, if the trade concludes with a loss of $500, the Maximum Permitted Loss Limit will be presented as $9,500 ($10,000 - $500). It is pivotal to emphasize that the Maximum Permitted Loss Limit remains constant throughout the duration of the trading cycle and does not undergo any reset.