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Elite ACCESS – Daily Loss Limit (DLL)
Section: Elite ACCESS – Daily Loss Limit (DLL)
− The Daily Loss Limit (DLL) defines the maximum amount your account can lose within a single trading day.
− Evaluation Phase
+ How the Daily Loss Limit works on Elite ACCESS: none during the evaluation, a soft breach on the funded account.
+ Updated today
+ Table of contents
+ The Daily Loss Limit (DLL) is the maximum amount your account can lose within a single trading day. On Elite ACCESS it applies only to the funded account. There is no Daily Loss Limit during the evaluation.
+ Evaluation phase
There is no Daily Loss Limit during the evaluation phase.
Section: Evaluation phase
− What This Means
− - You are not restricted by a daily loss limit
− - Your only risk limit is the EOD Trailing Drawdown
− - You can trade freely within the overall drawdown rules
− Funded Phase (soft breach)
+ - You are not restricted by a daily loss limit.
+ - Your only risk limit is the EOD trailing drawdown.
+ - You can trade freely within the overall drawdown rules.
+ Funded phase (soft breach)
Once funded, a Daily Loss Limit applies and must be respected at all times.
Section: Funded phase (soft breach)
− Daily Loss Limit by Account Size
−| Account Size | Daily Loss Limit ($) | Daily Loss Limit (%) |
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+| Account Size | Daily Loss Limit ($) | Daily Loss Limit (%) |
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| Account size | Daily Loss Limit ($) | Daily Loss Limit (%) |
| $50,000 | $1,000 | 2.00% |
| $100,000 | $1,250 | 1.25% |
| $150,000 | $1,750 | ~1.17% |
− How the Daily Loss Limit Works
− - The DLL is calculated based on your starting balance for the day
− - It represents the maximum loss allowed within that trading day
− - If the limit is reached or exceeded, it is considered a soft breach (pause till eod)
− What Counts Toward the DLL
− The following are included:
+ Soft breach: if the Daily Loss Limit is reached or exceeded, your account is paused for the rest of the day. Open positions may be closed, and the account becomes active again after the rollover period.
+ How the Daily Loss Limit works
+ - The DLL is calculated based on your starting balance for the day.
+ - It represents the maximum loss allowed within that trading day.
+ - It resets once per day, and the new limit is based on your updated account balance.
+ What counts toward the DLL
- Closed losses
- Open (floating) losses
- Commissions and fees
Section: What counts toward the DLL
− Daily Reset
− - The Daily Loss Limit resets once per day
− - The new limit is based on your updated account balance
− Rule Violations
− If the Daily Loss Limit is breached:
− - The account will be paused for the rest of the day.
− - Open positions may be closed
− - The account becomes active again after the rollover period
− Important Notes
− - The DLL applies only to funded accounts
− - There is no daily restriction during evaluation
− - You must always account for floating drawdown, not just closed trades
− Summary
− - No DLL during evaluation
− - DLL applies only when funded
− - Must stay within daily loss limits at all times
− - Breaching the DLL results in a Soft breach
+ You must always account for floating drawdown, not just closed trades.
+ Good to know
+ - The DLL applies only to funded accounts. There is no daily restriction during the evaluation.
+ - Breaching the DLL results in a soft breach (pause until end of day), not a termination of the account.