Maximum loss: This rule can also be called “account stop-loss”. Maximum Loss is the difference between your highest recorded balance and your current equity.

 

Maximum daily loss: This rule can also be called “trader’s daily stop-loss”. The rule says that in any moment of the day (EE(S)T – Eastern European Summer Time), the daily equity decrease must not hit the predetermined limit.  The counting formula: Current daily loss = equity at the start of the day – current equity.