Happy Friday Traders,
Mafia
The calculation for the Maximum Daily Loss is: Current daily loss = results of closed positions of this day + result of open positions. Full description including the video and example can be found here: https://ftmo.com/en/welcome/#maximum-daily-loss
Here is the answer to your example:
1. On Monday 10 am you opened the first trade on your Challenge and the trade is in constant 4k loss. Your Maximum Daily Loss value is -4k and the profit is -4k. At 2 pm you made a quick profit of 5k. Then the Maximum Daily Loss is still -4k as it is the minimum recorded value. The equity will be 101k, the balance will be 105k (you still have the -4k loss open). At 5 pm you open a trade, which went against you -2k, but you closed it with a profit of 3k. The Maximum Daily Loss will be still 4k as the lowest equity during the day did not drop below 96k. The profit/equity will be +4k, balance will be 108k.
With regards to a general drawdown definition, our Max loss is the same as Absolute drawdown (the difference between the initial deposit and the smallest value of the equity). We don't enforce trailing drawdown as that would make rules much harder.
To your other question: Yes you can trade your FTMO Account even if you skip a month or more. If you plan a vacation or just want to take some time off, just let us know and we'll pause your account for the time you're away. The contract you sign with us is for an indefinite period of time.
to: Hedgebitcoin
Yes, we will be trading on LMAX via our WL.
to: mizi123
Thank You for mentioning that our partnership with Jarratt is a testimony itself. We have nothing to hide and we try to partner with industry professionals to offer the best services to retail traders. The interview with Jarratt is coming up next week.
We wish you a nice weekend.
Otakar
Mafia
The calculation for the Maximum Daily Loss is: Current daily loss = results of closed positions of this day + result of open positions. Full description including the video and example can be found here: https://ftmo.com/en/welcome/#maximum-daily-loss
Here is the answer to your example:
1. On Monday 10 am you opened the first trade on your Challenge and the trade is in constant 4k loss. Your Maximum Daily Loss value is -4k and the profit is -4k. At 2 pm you made a quick profit of 5k. Then the Maximum Daily Loss is still -4k as it is the minimum recorded value. The equity will be 101k, the balance will be 105k (you still have the -4k loss open). At 5 pm you open a trade, which went against you -2k, but you closed it with a profit of 3k. The Maximum Daily Loss will be still 4k as the lowest equity during the day did not drop below 96k. The profit/equity will be +4k, balance will be 108k.
With regards to a general drawdown definition, our Max loss is the same as Absolute drawdown (the difference between the initial deposit and the smallest value of the equity). We don't enforce trailing drawdown as that would make rules much harder.
To your other question: Yes you can trade your FTMO Account even if you skip a month or more. If you plan a vacation or just want to take some time off, just let us know and we'll pause your account for the time you're away. The contract you sign with us is for an indefinite period of time.
to: Hedgebitcoin
Yes, we will be trading on LMAX via our WL.
to: mizi123
Thank You for mentioning that our partnership with Jarratt is a testimony itself. We have nothing to hide and we try to partner with industry professionals to offer the best services to retail traders. The interview with Jarratt is coming up next week.
We wish you a nice weekend.
Otakar
2
and price chart movement for these pairs is shown below. 
