Drawdown and loss limits · Pro
End-of-day drawdown
Also searched as: EOD, EOD trailing drawdown
What does End-of-day drawdown mean?
End-of-day drawdown usually means the trailing threshold updates using session-closing values. It does not necessarily mean violations are checked only at the close.
Example
The floor updates tonight, but an open loss can still breach today’s existing floor at noon.
Illustrative example; not a provider’s quoted offer.Why it matters for prop traders
Distinguish the time the threshold moves from the time the account is monitored.
Does end-of-day mean I can go below the floor during the day?
Not necessarily. A provider can update the floor only after the session closes while enforcing the existing floor throughout the session. Read the threshold-update rule and the breach-monitoring rule as two separate instructions.
Sources and further reading
The following primary sources support the terminology. Provider rules describe their own products and may change.