What is the daily reset time in prop firm rules?
Quick answer
The daily reset time is the moment the trading day rolls over for day-based rules: the daily loss limit's reference is recalculated, daily counters restart and a new trading day begins. Firms usually use midnight in a fixed time zone such as UTC, or their server's time.
Detailed answer
The reset time is one of the most important details to publish.
What resets
- Daily loss limit reference value.
- Orders per day counters.
- Daily profit for consistency rules.
- Trading day counts.
Why it matters
A trader managing risk near the daily limit needs to know exactly when the allowance renews. Ambiguity about the reset time is a common cause of disputes.
Time zone conversions
For a reset at 00:00 UTC: London 00:00 or 01:00, New York 19:00 or 20:00 the previous day, Dubai 04:00, India 05:30.
Open positions at the reset
Positions stay open. How a floating loss carried across the reset is treated depends on the reference: using the higher of balance and equity prevents the loss from resetting the allowance lower.
On PropExecutor
All day-based rules reset at 00:00 UTC, and the daily loss limit opens each day on the higher of the account's balance and equity at that moment.
PropExecutor team · Updated
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