Section: Elite ACCESS Intraday - Daily Loss Limit (DLL)
− Elite ACCESS Intraday – Daily Loss Limit (DLL)
− The Daily Loss Limit (DLL) defines the maximum amount your account can lose within a single trading day.
− Evaluation Phase
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+ Elite ACCESS Intraday - Daily Loss Limit (DLL)
+ How the Daily Loss Limit works on Elite ACCESS Intraday: 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 Intraday 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.
− What This Means
- You are not restricted by a daily loss limit.
Section: Evaluation phase
− - Your only risk limit is the EOD Trailing Drawdown in the challenge phase.
+ - Your only risk limit in the evaluation is the EOD trailing drawdown.
- You can trade freely within the overall drawdown rules.
Section: Funded phase (soft breach)
− Funded Phase (Soft Breach)
− Once funded, a Daily Loss Limit applies and must be respected at all times alongside the Intraday Trailing Drawdown for the funded accounts.
− Daily Loss Limit by Account Size
−| Account Size | Daily Loss Limit ($) | Daily Loss Limit (%) |
|---|
+ Funded phase (soft breach)
+ Once funded, a Daily Loss Limit applies and must be respected at all times, alongside the Intraday Trailing Drawdown.
+| Account size | Daily Loss Limit ($) | 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
+ Soft breach: if the Daily Loss Limit is reached or exceeded, your account is paused for the rest of the day. Open positions are automatically closed, and the account becomes active again after the market rollover.
+ 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.
Section: How the Daily Loss Limit works
− - If the limit is reached or exceeded, it is considered a soft breach (account is paused until EOD).
− What Counts Toward the DLL
− The following are included:
+ - It resets once per day at the end-of-day rollover, 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 at the end-of-day rollover.
− - The new daily 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 will be automatically closed.
− - The account becomes active again after the market rollover period.
− Important Notes
− - The DLL applies only to funded accounts (the evaluation phase has no daily loss limit).
− - Funded accounts feature both a Daily Loss Limit and an Intraday Trailing Drawdown.
− - You must always account for floating drawdown, not just closed trades.
− Summary
− - Evaluation: No Daily Loss Limit.
− - Funded: DLL applies and must be respected at all times.
− - Violation: Breaching the DLL results in a Soft Breach (account paused until rollover).
+ You must always account for floating drawdown, not just closed trades.
+ Good to know
+ - The DLL applies only to funded accounts. The evaluation phase has no daily loss limit.
+ - Funded accounts have both a Daily Loss Limit and an Intraday Trailing Drawdown.
+ - Breaching the DLL results in a soft breach (paused until rollover), not a termination of the account.