EOD Drawdown
A trailing drawdown that only updates at the daily close — the trader-friendly variant, because intraday swings can't move your floor.
An end-of-day (EOD) trailing drawdown recalculates your loss floor once per day, at the close, based on your settled balance. Whatever your equity did during the session — a $3,000 unrealized spike, a scary dip, a round trip back to flat — none of it moves the floor. Only where you actually finish the day counts.
This is the variant experienced traders look for, and it’s worth understanding exactly why. Under EOD, your floor is a known, fixed number for the entire session. You can plan the day’s risk to the dollar because nothing you do intraday can move the goalposts underneath you.
Take a $50,000 account with a $2,500 trailing drawdown. You start the day at $52,000 with the floor at $49,500.
| Moment | Equity | EOD floor | Intraday floor |
|---|---|---|---|
| Open | $52,000 | $49,500 | $49,500 |
| Mid-session peak (unrealized) | $54,000 | $49,500 | $51,500 |
| Gave back, closed the day | $52,200 | $49,500 | $51,500 |
| New floor after close | — | $49,700 | $51,500 |
The EOD trader banked $200 and their floor moved up $200. The intraday trader’s floor jumped $2,000 on profit they never actually kept — and now sits just $700 below their balance.
The practical upside of EOD is that it rewards letting winners run. You can hold a trade through a big unrealized swing without permanently tightening your own leash. Under intraday rules, every unrealized peak is a commitment.
One habit that makes EOD even safer: write down your floor before the session starts and set a hard personal stop above it. Full comparison in EOD vs Intraday Trailing Drawdown, and see which firms use which in our directory.