What is a good daily loss limit for forex?

1-3% of account equity is the professional standard, matching the 3-5-7 rule (3% open, 5% daily, 7% weekly). Prop firms typically enforce a 5% daily limit.

What happens when I hit my daily loss limit?

You stop trading for the day and close the platform. This prevents revenge trading, the single largest cause of account blow-ups.

Should my weekly loss limit be higher than daily?

Yes. A common pairing is 3% daily with 5% weekly, or 5% daily with 10% weekly (prop-firm style). The weekly cap stops a bad week from compounding.

Daily Loss Limit Monitor

Log each realized loss and this monitor shows how much room you have left against your daily and weekly caps (Guideline 3, the 3-5-7 rule). When the cap is hit, the verdict is STOP — close the platform. Everything is stored in your browser.

Your Limits

Account size (USD)

Daily limit (%)

Weekly limit (%)

Log a Realized Loss

Loss amount (USD)

Label (optional)

Status

How the Monitor Enforces Guideline 3

Daily cap (default 3%): total realized losses today. Hit it = trading day over.
Weekly cap (default 5%): realized losses over the current week (Monday start). Hit it = week over.
Pre-trade check: before opening a position, enter its planned risk in the pre-trade checklist — it verifies your position against these caps.
Stop-warning at 80%: the monitor turns amber when you reach 80% of a cap so you slow down before the shutdown.

This is the exact limit structure prop firms enforce (e.g. FTMO-style: 5% daily / 10% total). Practising it on your own account makes passing funded challenges a side effect, not a goal. Combine with the Rulebook Generator to know your per-trade risk.

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