Help CenterThe Daily Drawdown (also called Maximum Daily Loss) is a key risk rule every OFP trader must follow. It limits how much your equity can drop within a single day, based on the account size and loss option you selected at checkout.
The Rule
Your equity must not fall below a daily limit defined as a percentage of the equity recorded at the end of the previous day.
Calculation
Maximum Daily Loss = Equity (recorded at end of previous day) × Max Daily Loss Percentage
Equity is recorded at the end of each trading day (midnight GMT+2 with DST).
What This Means
- Each day starts with a new maximum daily loss calculation based on the previous day’s closing equity;
- If your equity drops below this limit at any point during the day, the challenge fails immediately;
- This limit resets every day at midnight (GMT+2 with DST) based on the new end-of-day equity
Example
Equity at end of Monday: $105,000
Maximum Daily Loss: 5%
Tuesday’s Limit: $105,000 × 5% = $5,000
On Tuesday, your equity cannot drop below: $105,000 - $5,000 = $100,000
If equity touches or drops below $100,000 at any point on Tuesday → Challenge Failed
The Maximum Daily Loss is selected at checkout. Failure to adhere to this rule will result in the closure of your account.