We do not have a daily drawdown limit set, only Max Drawdown. This max drawdown amount is based off your starting balance.
For example, if the drawdown was 7%, we would take 7% from the starting balance. In a 200K account, this amount would be $14,000.T
his amount will now always trail your closed trades HWM (High water mark), which is the highest your end of day (EOD) balance has ever reached. We consider the EOD to be 21:00 UTC.
For example, lets assume that the EOD High Water Mark for this account was $200,380.00. We would take $200,380.00 (closed trades HWM) minus $14,000 (7% trailing max drawdown amount) to gives us the drawdown limit of $186,380.00.
As long as the account does not surpass the HWM, the drawdown limit will not change.