Glossary
What is End-of-day drawdown
A trailing-drawdown variant: the floor follows the balance only at the end of the day, and floating profit during the day does not move it at all.
How it works
Example
A $100,000 account, a 6% room = $6,000, floor $94,000. The day closes at $102,000: the floor is now $96,000. An intraday peak of $103,500 does not move it; with intraday trailing it would sit at $97,500.
Common mistake
Mixing up EOD with intraday trailing: with the latter a peak in floating profit already lifts the floor, with the former it does not.
Read next
Related terms
Frequently asked questions
- Where can I learn End-of-day drawdown step by step?
- In the Trading OS Academy: “Daily stop”.
- What is End-of-day drawdown related to?
- Max loss limit (prop); Static drawdown; Drawdown; Daily loss limit (prop).
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