The max loss on the account is 10% from your initial balance (absolute drawdown) and 5% daily drawdown that is taken from the closing equity or balance of your previous day (the highest between them). This is taken at 00:00 server time.

E.g. If you have a $100K account and your equity is $110,000 at 23:59 server time, then after rollover, your daily max loss will be $5,500. Meaning if your equity goes below $104,500 your account will close.

Rolling over a trade from the previous day. Daily loss will be taken from the highest number between your balance and equity. if your balance is $105,000 but your floating trade is in a $1K loss (equity $104,000) then the snapshot will be taken from the $105K Level (Balance) 

Reaching any of these limits will lead to the termination of the account.