End-of-Day Drawdown

With end-of-day (EOD) drawdown, the breach level recalculates once per day after the session closes, trailing your closed balance. During the day you can ride a trade up and give some back without the drawdown chasing your open profit.

EOD drawdown rewards traders who hold winners, and it is the type most firms advertise as a feature. It usually stops trailing once it reaches the starting balance or a small buffer above it.