Following prop firm rules day to day
Prop firms such as FTMO, FundedNext or The5ers provide capital under fixed rules. Break a rule and the account is gone – often because of a single day. Here is what the typical rules are and how to keep them under control.
The typical rules
The exact rules differ by provider and programme. What counts is always your prop firm's rulebook – read it in full before your first trade.
- Daily loss limit, often as a percentage of starting balance or of the day's start
- Maximum overall loss (drawdown) over the term
- Sometimes rules on holding time, news periods or position size
Why accounts fail on a single day
Several losses in a row, one oversized trade or open positions through major economic data – usually it is not one wrong decision but a missing brake. The tighter the daily limit, the more important a rule that kicks in before things get tight.
A way of working that helps
- Set your own daily limit below the prop firm's limit
- Choose your risk per trade so that several losses in a row do not break the daily limit
- Check open trades before major economic data
- Split across multiple take-profits instead of multiplying the size
With EasyFX
EasyFX calculates the position size from your risk and supports a daily profit and loss limit: once it is reached, no new trades are taken, and if you choose, open trades are closed or moved to breakeven. You can get a reminder before major economic data. Whether you keep to your prop firm's rules remains your responsibility – EasyFX helps you apply your own limits.
Frequently asked questions
Does a daily limit guarantee I pass the challenge?
No. It stops new trades once your limit is reached, but it replaces neither the rulebook nor your decisions. Price gaps can still exceed limits.
Does EasyFX work with prop firm accounts?
If the prop firm offers MetaTrader 5, you can connect the account. Check beforehand whether your rulebook allows such tools.