You must not lose more than x% (Percentage determined by your specific program) on any single trading symbol (e.g. XAU/USD) in one day. This rule is based on the Balance at 16:59 EST*.
Opening multiple positions on the same symbol counts as one trade for this rule.
If you exceed this limit on any Evaluation or FT+ Simulated Live account, your account will be terminated immediately (hard breach), as outlined in Section 9.4 of the T&Cs.
You can also refer to Section 16 of the T&Cs to confirm whether this rule applies to your specific program.
Example: Symbol Loss Limit Breach
Trader Account Size: $100,000
Symbol Loss Limit: 2%
Limit Calculation Basis: Balance at 16:59 EST* the previous day
16:59 EST Snapshot
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Balance: $102,000
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Symbol Loss Limit = 2% of $102,000 = $2,040
Following Trading Day
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The trader opens 3 positions on XAU/USD, risking $1,000 on each.
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All 3 positions move against the trader for a total open PnL loss of $2,100.
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Since XAU/USD is a single symbol, all positions are counted as one trade under the rule.
Result
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The total loss on XAU/USD exceeded the allowed limit of $2,040.
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The Symbol Loss Limit has been breached.
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As this is a hard breach rule, the account is terminated immediately.
Note: This applies whether the account is in the Evaluation Phase or the FT+ Simulated Live Phase.
Support
If you have any questions, our live chat is available 24/7 on the website. To submit a ticket, you can use the New Ticket page on our website, or you can also reach us by email at support@fundedtradingplus.com, and a member of our team will respond as soon as possible.
*16:59 EST will change when Daylight Savings Time comes into effect.