Request a written definition
A limit may track balance, equity or an earlier peak; it may be fixed or moving. Terminology alone is insufficient. Record the reference mechanism, included operations and any reset time. Use the specific offer’s definition instead of importing another challenge’s rule.
Build a paper example
On a worksheet, describe an open position, its changing value and its close. At each step, identify whether the rule tracks realised or unrealised values. Include contractual fees and session changes. The aim is to check understanding, not find a way around a limit.
Keep the result as an exercise
If two interpretations conflict, ask the supplier for a written answer. Personal simulation is not an official contractual interpretation. A COF journal can organise events but cannot validate reward eligibility. Verify supplier rules before enrolling.
Write the boundary case in plain words
To understand a rule, describe what enters the calculation: balance, equity, open positions, costs and time reference. Then describe a case where the account changes state during that window. This documentation exercise exposes ambiguity without proposing a personal risk level.
A fixed limit, a trailing limit and a rule recalculated at a stated time are not synonyms. Exact definitions must come from the applicable agreement. The cited FTMO page is an entry point to its own terms, not a table valid for other offers.
Keep the answer traceable
Retain the rule's wording, date and provider explanation. A calculation reconstructed after failure should remain labelled as interpretation until checked against the contractual document.
Your verification grid
| Item | Document or check to request |
|---|---|
| Reference | Name initial balance, peak, current balance or equity as defined in the agreement. |
| Included losses | Check closed trades, open positions, commissions and financing. |
| Window | Record time, timezone and any reset rule. |
| Movement | Identify fixed, trailing or recalculated limits using the provider's definition. |
| Dispute | Retain calculation, events and written clarification of a boundary case. |
Practical questions
Does a daily limit reset at local midnight?
Not necessarily. Timezone and reset time must come from the offer's terms. A translated interface does not establish a local time reference. Document the exact window before constructing an example.
How can I test a rule without committing money?
Write a fictitious event sequence: open position, charges, window change and close. Apply the written definition to each state. If two interpretations remain, ask the provider about the case; your worksheet is not a contractual decision.
To complete this file: Prop firm: understand the evaluation agreement ; Trading journal: fields that make decisions reviewable.
Sources and limitations
FTMO — offre et avertissement de simulation. Editorial consultation: 8 October 2026. Supplier statements do not replace independent checks. Re-read terms at the time of your decision.
COFIATRADING has commercial relationships with partners presented on the site. This guide is educational, without personalised investment advice. Trading involves capital loss risk; past performance does not guarantee future results.
Continue checking: current offers and access, public evidence, Desk space and Academy resources.