Daily Loss Reset Calculator

Six-step workflow

1. Copy current values from the official account, platform, or journal.
2. Keep every unit consistent; do not mix ticks, points, pips, dollars, or percentages.
3. Enter the planning assumptions without changing them to force a preferred answer.
4. Calculate and read every output, including the warning below the headline number.
5. Verify instrument specifications and binding firm rules at the official source.
6. Save the result with its date and compare it with what actually happened.

Understand the output

Formula: Simple allowance = reset reference × daily percentage. Used loss adds negative closed P&L, negative open P&L, and counted costs.

Worked example: A 4% limit on $50,000 gives $2,000. A $600 closed loss, $250 open loss, and $50 costs leave $1,100 in this conservative model.

Common mistakes: using the wrong timezone, netting profits when rules do not, ignoring open equity, and treating the estimate as official.