Risk
End-of-day drawdown
Also known as: EOD drawdown, static drawdown, closing balance drawdown
A drawdown rule calculated once per day on your closing balance — intraday volatility doesn't count.
End-of-day drawdown is checked at the session close using your closing balance, not your intraday equity. As long as you finish the day above the threshold, intraday round trips don't matter.
Most prop firms shift from trailing to end-of-day rules once a funded account reaches a defined profit milestone. Once the rule is end-of-day, the practical effect is that you only need to manage your day's net P&L — not your equity ratchet.
Examples
- Start: $50,000 balance, $2,000 EOD drawdown → threshold at $48,000.
- Intraday drawdown of $1,500 unrealized, recover to close +$300. Closing balance: $50,300. New threshold: $48,300. The intraday $1,500 never mattered.