Prop firm drawdown calculator
Enter your firm’s rules and today’s numbers to see how much you can still lose today and overall, and where to set your EA’s equity guard.
Worked example
A $100,000 account with a 5% daily limit (5% of the initial balance, measured from today’s starting balance) and a 10% static max loss. Today started at $102,000 and equity is now $99,500. Today’s floor is 102,000 − 5,000 = $97,000, so you have $2,500 of room left today. The overall floor is $90,000, so $9,500 of room remains overall. The suggested EA guard is $98,000, the floor plus 20% of the $5,000 daily limit, which leaves a cushion for slippage.
Static or trailing?
A static max loss never moves: on a $100,000 account with a 10% limit, the floor stays at $90,000. A trailing max loss follows your highest balance or equity upward, so profits raise the floor; some firms stop trailing once it reaches the starting balance.
Prop firm drawdown FAQ
How is daily drawdown calculated?
It depends on the firm. Most set the daily limit as a percentage of the initial balance and measure it from the day’s starting balance or equity; some use whichever is higher. Check your firm’s rules page for the exact wording.
Do open trades count?
At most firms, yes. The limit applies to equity, so floating losses count before you close the trade.
When does the trading day reset?
At the firm’s server midnight, which is often not your local midnight. The rules page states the time zone.
Can an EA stop me from breaking the limit?
An EA with an equity guard can close trades before the floor. Set it with a cushion for slippage and price gaps, and remember a gap over the weekend can jump past any guard.
Rules differ between firms and change often. This calculator is a guide; your firm’s dashboard is the final word.