Daily max loss

Crude Man 

Your max loss should always be smaller than your average winner. Aim for 2.5:1 on all your trades i.e. for every Euro you lose on a trade, make sure you make 2.5 Euros on a winning trade.

risk/reward means more than max loss/average winner.

e.g.

62% win
435 avg win
225 avg loser
1.92 R/R
max loser 745
max winner 1100
expectancy $185 per contract