Free tool
In short: pick your firm and plan, instrument, contracts and stop. The calculator shows how many losing trades your daily lock allows, how many losing days you can take before the max loss, and warns if your lock is above the firm's own daily loss limit.
Apex 50K: lock $500/day = 12 losing trades a day (2 MNQ, 40-tick stop = $40), 4 losing days before the $2,000 max loss.
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Next step: lock this amount in Tradovate in 6 steps, so it can't be raised mid-tilt.
Slippage and commissions are not included; a stop can fill past your price in a fast market. With a trailing drawdown, enter the distance to your current threshold as a custom max loss.
| Firm | Max loss | Daily loss limit | 25% lock | Calculator | Checked |
|---|---|---|---|---|---|
| Alpha Futures | $2,000 | none | $500 | open | |
| Apex | $2,000 | $1,000 | $500 | open | |
| AquaFunded | $2,000 | $1,000 | $500 | open | |
| Blue Guardian | $2,000 | $1,000 | $500 | open | |
| BluSky | $2,000 | none | $500 | open | |
| Bulenox | $2,500 | $1,100 (optional) | $625 | open | |
| Day Traders | $2,000 | $1,250 | $500 | open | |
| E8 | $2,000 | none | $500 | open | |
| Earn2Trade | $2,000 | $1,100 | $500 | open | |
| FTMO | $2,000 | none | $500 | open | |
| Funded Family | $2,000 | none | $500 | open | |
| FundedNext | $1,500 | none | $375 | open | |
| FXIFY | $1,750 | $1,000 | $438 | open | |
| Legends | $2,000 | not in our data | $500 | open | |
| Lucid | $2,000 | $1,200 (optional) | $500 | open | |
| MyFundedFutures | $2,000 | none | $500 | open | |
| Phidias | $2,500 | none | $625 | open | |
| Savius | $1,500 | not in our data | $375 | open | |
| Take Profit Trader | $2,000 | none | $500 | open | |
| The5ers | $2,000 | none | $500 | open | |
| Top One | $2,000 | $1,000 | $500 | open | |
| Topstep | $2,000 | $1,000 (optional) | $500 | open | |
| TradeDay | $2,000 | none | $500 | open | |
| Tradeify | $2,000 | none | $500 | open | |
| UProfit | $2,000 | $1,100 | $500 | open | |
| Ylos | $2,500 | none | $625 | open |
A daily loss lock is your own daily stop, set below your prop firm's rules and locked in the platform so you can't raise it after a bad trade. On Tradovate, Daily Loss Limit closes your positions and locks trading on that account until the next session at 6 PM ET, and ticking 'Lock risk settings if trading is locked' stops you from changing it while it is hit.
Four. Days survived is the max loss divided by the lock, rounded down: 25% of max loss leaves room for 4 full losing days, 20% for 5 and 33% for 3. With a trailing drawdown, use the distance to your current threshold, not the starting max loss.
Risk per trade is contracts × stop in ticks × tick value. Losing trades per day is your lock divided by that risk, rounded down. Example: 2 MNQ with a 40-tick stop risks $40 a trade, so a $500 lock allows 12 stopped-out trades before it hits.
In our 50K data, 13 of 26 plans have no firm daily loss limit: Alpha Futures, BluSky, E8, FTMO, Funded Family, FundedNext, MyFundedFutures, Phidias, Take Profit Trader, The5ers, TradeDay, Tradeify, Ylos. On those plans your own lock is the only daily stop, so the max loss is all that is left after a bad day.
Per contract: MNQ $0.50, NQ $5, MES $1.25, ES $12.50, MYM $0.50, YM $5, MGC $1, GC $10, MCL $1, CL $10.
