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How to use the daily drawdown calculator
- Pick your firm to set its method and daily %, or choose the method yourself.
- Enter the account size and the start-of-day (or previous close) balance; add the previous close equity if your firm counts the higher of the two.
- Enter your current equity, with open trades.
- Read today's floor, the room left and how much of the day's limit is used; the table shows when it resets.
Balance-based or equity-based: the three methods
| Method | Today's floor | Example (5%, $100,000) | Used by (checked 27 October 2026) |
|---|---|---|---|
| % of the initial balance below the start-of-day balance | start-of-day balance − % × initial | start $102,000 → floor $97,000 | FTMO (00:00 CE(S)T), FundedNext (00:00 server time) |
| % of the previous day's balance | previous balance × (1 − %) | $105,000 at 4% → $100,800 | FXIFY (balance at 5 PM EST) |
| % of the higher of the previous close balance or equity | max(balance, equity) × (1 − %) | balance $100,000, equity $101,000 at 3% → $97,970 | The5%ers 2-Step rules FAQ |
At all four firms the current equity, open trades included, is what has to stay above the floor: a floating loss can break the rule even if the trade later recovers. A trade left open over the reset carries its floating loss into the new day.
Reset times in UTC, Pakistan and India
| Firm | Resets at | UTC (winter / summer) | PKT | IST |
|---|---|---|---|---|
| FTMO | 00:00 CE(S)T | 23:00 / 22:00 | 04:00 / 03:00 | 04:30 / 03:30 |
| FundedNext | 00:00 server (GMT+2 / +3) | 22:00 / 21:00 | 03:00 / 02:00 | 03:30 / 02:30 |
| FXIFY | 5 PM New York (EST / EDT) | 22:00 / 21:00 | 03:00 / 02:00 | 03:30 / 02:30 |
| The5%ers | 00:00 MT5 server time (check your platform) | - | - | - |
Worked example
A $100,000 FTMO 2-Step account starts the day at $102,000. The floor is 102,000 − 5% × 100,000 = $97,000. With equity at $99,000 there is $2,000 of room, and 60% of the day's $5,000 allowance is used. On an FXIFY account the same day would be measured from the previous day's 5 PM balance: at $105,000 and 4% the floor is $100,800.
The prop firm drawdown calculator adds the maximum loss (static, trailing or end-of-day trailing) and the distance to the target; the drawdown recovery calculator shows what a loss takes to win back.
The prop firm calculator suite
- Challenge pass calculator: your chance to pass and the days it takes.
- Consistency rule calculator: the biggest day you may have.
- Daily drawdown calculator: today's floor under your firm's method.
- Challenge ROI calculator: is the fee worth it at your pass rate?
- Payout calculator, drawdown calculator (daily and maximum, static or trailing) and the challenge tracker with four firms' rules compared.
FundedNext Partner link Stellar 2-Step. We may earn a commission if you buy through it. Prop firm challenges are paid evaluations; most traders don't pass. Trade only what you can afford to lose.
FXIFY Partner link 2-Phase Standard. We may earn a commission if you buy through it. Prop firm challenges are paid evaluations; most traders don't pass. Trade only what you can afford to lose.
FXIFYQPZ8R2 Use it at checkout via our link.The5%ers Partner link High Stakes. We may earn a commission if you buy through it. Prop firm challenges are paid evaluations; most traders don't pass. Trade only what you can afford to lose.
ICC Zillas syncs MetaTrader and shows the room left on your firm's daily loss and maximum loss, so you see the line before you cross it. 30-day free trial, no card needed.
Start free →Calculator © ICC Terminal, part of ICC Zillas. Our own code and text.
Questions
How is the daily drawdown calculated at prop firms?
Three common ways: a % of the initial balance below the start-of-day balance (FTMO, FundedNext), a % of the previous day's balance (FXIFY), or a % of the higher of the previous close balance and equity (The5%ers 2-Step FAQ).
Is the daily loss limit based on balance or equity?
The floor is set from a balance (or the higher of balance and equity), but your current equity, open trades included, is what must stay above it.
When does the daily drawdown reset?
FTMO at 00:00 CE(S)T, FundedNext at 00:00 server time (GMT+2 / +3), FXIFY at 5 PM New York time, The5%ers at 00:00 MT5 server time. In Pakistan that is around 02:00-04:00 at night.
Does a profit earlier in the day raise the daily limit?
With the start-of-day method the floor does not move during the day, so a profit gives you more room above it.
Is my data sent anywhere?
No. The calculator runs in your browser and does not send or store what you type.
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