Most merchants fail FTMO earlier than hitting the ten % total drawdown. The actual killer? A single pink day that breaks the 5 % every day restrict. Let’s repair that.
1 — Why “One Unhealthy Day” Wipes Out 90 % of Candidates
The funded-account recreation isn’t about chasing a ten % goal; it’s about surviving right this moment.
Break the 5 % every day rule and your $ 625 payment evaporates—no attraction, no refund.
| Month | Fairness curve should you cap every day loss at 4 % | Fairness curve should you don’t |
|---|---|---|
| Week 1 | ▲ clean rise | ▲ ▲ ▼ ✖ account closed |
| Week 4 | regular grind to +9 % | ✖ problem failed (week 1) |
(Think about a delicate graphic right here displaying the sleek vs. deadly drop.)
2 — The Psychology Behind Self-Destruction
Loss aversion + sunk-cost fallacy = poisonous cocktail:
- Dealer hits –3 % day-loss.
- “Only one extra lot to claw again.”
- Fairness slips to –5.01 % → Problem failed.
- Rage-reentry on a brand new account with larger lot dimension.
3 — What Precisely Is a Day by day Fairness Cap?
- Definition: An computerized shut-off that stops the EA (or dealer) the second floating fairness drops a set proportion.
- Distinction from an SL: Works on the account stage, not per commerce.
- Candy spot for prop companies: 3 – 4 % — leaves headroom beneath the 5 % rule.
Progress-bar bias: Every day you keep contained in the 5 % band strikes you one field nearer to funding.
4 — Implementing the Cap Manually vs. Mechanically
| Methodology | Professionals | Cons |
|---|---|---|
| Handbook test | No further code | Human error, time zone mismatch |
| MT5 “Cease-If-Day-Fairness ≤ X %” script | Easy, free | Requires VPS, resets every day |
| EA with built-in cap | Zero monitoring, immediate compliance | Wants dependable code |
5 — Case Instance: DoIt GBP Grasp with Constructed-In Cap
Dwell proof: MyFxBook account exhibits < 12 % max drawdown and by no means breaches 5 % every day on GBPUSD—even by CPI spikes.
Why?
- Mounted-lot, multi-leg logic (no martingale)
- ATR trailing cuts losers early
- DailyLossLimitPercent parameter = 4 % by default
- EA auto-pauses and resumes subsequent session—no revenge trades
“I handed a ten okay FTMO on try #1 by letting the EA shut itself off. Zero temptation to ‘win it again’.” — S. Jensen
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6 — 60-Second Setup Information
- Obtain FREE Demo in MT5 Technique Tester
https://www.mql5.com/en/market/product/130050 - Set DailyLossLimitPercent = 4.0
- Ahead-test one week on micro-lot
- Launch your 10 okay or 100 okay problem solely after fairness curve survives 5 buying and selling days
7 — Frequent Pitfalls & Fast Fixes
| Pitfall | Repair |
|---|---|
| Transferring the cap mid-day | Lock parameters till finish of session |
| Ignoring floating P/L | Cap ought to learn fairness, not stability |
| Resetting EA after pause | Settle for the pink day; begin tomorrow |
8 — Determination Time
| Path | End result |
|---|---|
| No cap | One information spike → problem lifeless |
| 4 % fairness cap | Dwell to commerce day #2, day #15… payout day |
Prepared to guard your funding payment?
Obtain the FREE Demo in MT5 →
Purchase the total licence right this moment for $ 599 and get DoIt Gold Guardian (price $ 449) FREE — final models earlier than value strikes to $ 999.
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