The Daily Profit Cap applies during the evaluation phase only. A violation of this limit is considered a daily pause. If exceeded, any open trades will be closed, all open orders will be cancelled, and the account will be disabled for the remainder of the current session. The account will be re-enabled on the next trading day. This is calculated as a fixed value from the day’s starting equity.
Example: On a $100,000 account with a 2.5% Daily Profit Cap, assume the day begins with equity of $102,000. The profit cap for that day is $104,500. If account equity exceeds that amount, positions are closed and the account is paused for the rest of the day. If the account settles at $104,600 after liquidation, the account may trade again the next trading day after 17:00 ET, and the new daily cap is then based on the new day’s starting equity.
What is the Daily Profit Cap (Evaluation phase only)?
Updated over a week ago
