Sessions and events
Rollover time
The point in the day when positions are rolled to the next value date and swap is applied. It is also when many platforms reset daily statistics, and spreads often widen briefly around it.
GFN’s figure
The GFN daily loss limit reset time is shown in the trading environment and dashboard. Do not assume it is midnight in your own timezone, or that it matches the platform's rollover.
In detail
Rollover time,explained
Rollover is a bookkeeping event with real trading consequences: financing is charged, spreads widen for a few minutes and liquidity thins while it happens.
It is not necessarily the same moment as a firm's daily loss limit reset, and assuming the two coincide is a reliable way to start a session with less allowance than expected.
Related
Terms thatcome with it
Most rules only make sense next to the ones they interact with. These are the entries this one depends on.
Swap
The financing charge or credit applied to a position held past the daily rollover. It reflects the interest rate difference between the two sides of the pair and can be positive or negative.
Drawdown reset
The moment a drawdown calculation is recalculated from a new reference level - most often the daily loss limit rolling over to a new day, or an account level being restated after a withdrawal.
Market close
The end of a trading session for an instrument. Positions held through a close carry gap risk into the next open, and spreads typically widen into the final minutes as liquidity leaves.
Daily loss limit
The most an account may lose in one trading day before it breaches. Calculated as a percentage of the previous day's closing level, it resets at a fixed time each day and is the rule that ends most evaluations.
End-of-day drawdown
A drawdown calculated only from the closing balance of each trading day, ignoring whatever happened between the open and the close. Intraday excursions are invisible to it as long as the day finishes above the level.
Also governed by /rules/daily-loss-limit
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