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 result of all closed positions in sum with the currently open floating P/Ls (profits/losses) must not hit the determined daily loss limit.
The counting formula: Current daily loss = results of closed positions of this day + result of open positions.