Daily loss
In dollars. Reached, the account locks.
Daily profit
In dollars. The same mechanism pointed the other way — it stops you giving a good day back.
Max drawdown
In dollars, measured from the peak. Either intraday or end-of-day.
Stop trailing above
The peak stops rising once profit reaches this figure, so the drawdown line stops chasing you upward. Prop firm rules often work exactly this way.
Max trades per session
A count, not an amount. The session rolls at 17:00 New York.
Lock duration
Until the next session, or a fixed number of hours.
Close positions opened while locked
If something is opened during a lock, close it automatically instead of leaving it there.
The day rolls at 17:00 New York
Not at midnight, and not in your own time zone. Daily counters and daily limits reset there because that is where the futures session rolls — the same boundary your prop firm uses.