Normally there is a 1-hour difference between CE(S)T and metatrader platform time. However, Platform time follows the DST (daylight saving time) change as in the US. Thus, there are normally 2 or 3 weeks per year, in which the difference between Platform time and CS(S)T time is 2 hours.
Reset daily at HH:MM checkbox
The sections that permit to set a max loss/max gain consent to establish the time in which the day will start. In case this option is not selected the day will start at 00:00:00 platform time and end at 23:59:59 Platform time. To understand how using a different reset time will be interpreted see these examples: Example 1: Reset time 15:31 ---- Current time 12:45 ---- Max loss 1000 USD ---- current loss 930 USD. In this case the day started yesterday at 15:31:00 and will end today at 15:30:59. The loss of 930 USD is computed taking this time span into account. In this situation you can still trade but you have a “buffer of only” 70 USD, let’s say you take a trade, and you lose 71 USD: the trade will now be blocked until 15:30:59. Any open position or order will be closed and any further attempt to trade will be blocked. If you select “allow background colors to signal trading state”, then the background will turn red until the trade is allowed again. At 15:31 the day will reset, and you will have a new ” budget” of 1000 USD to trade. Example 2: Reset time 09:15 ---- Current time 16:45 ---- Max loss 1000 USD ---- current profit 780 USD. In this case the day started today at 09:15:00 and will end tomorrow at 09:14:59. Since the start of the day you have accrued a profit of +780 USD. This means that till tomorrow at 9:14:59 you have a total “buffer” of 1780 USD. If you lose this money, you will be blocked. Tomorrow at 9:15 the new profit and loss will reset to zero.How to set MDL reset time correctly.
When both US and Europe observe DST (daylight saving time), the time difference between Platform time and CE(S)T is 1 hour. In that case, if your prop firm resets Max Daily Loss limit at midnight CE(S)T, you should put 1:00 in EmoGuardian “reset day at” section. If platfrom time is 2 hours ahead of the prop firm Daily Loss reset time, your should put 02:00 in EmoGuardina “reset day at” sectionWARNING: we cannot know the setting of each prop firm. Please ensure to understand how
each prop firm’s reset time of Max Daily Loss, and configure EmoGuardian accordingly.
each prop firm’s reset time of Max Daily Loss, and configure EmoGuardian accordingly.