End-of-day drawdown
An end-of-day drawdown is a trailing loss limit whose reference is updated only at the session close: the threshold moves up when the closing balance sets a new high and ignores intraday peaks, so an open winner that is given back during the session does not raise the level at which the account fails.
Senzoukria · Glossary · Updated September 2026
Update schedule
The rule keeps a peak like any trailing drawdown, but the peak is sampled once per session at the settlement or daily close, on the closed balance. Between two closes the threshold does not move. Intraday, the account can run far above the last close, give the gain back and end flat without any effect on the threshold; only the close is compared with the previous peak. The breach test itself is usually applied continuously, so a loss during the session that touches the threshold still fails the account before the close.
- Reference: highest end-of-session balance since account opening.
- Threshold: that reference minus the allowance, frozen until the next close.
- Breach: balance, or equity at firms that measure open positions, reaching the threshold at any time.
Compared with intraday and static rules
| Intraday trailing on equity | Continuously | Raises the threshold |
|---|---|---|
| End-of-day trailing | At session close only | No effect unless still held at the close |
| Static | Never | No effect |
In Senzoukria
The option At the end of each session, on my balance under When does the limit move up in the Prop firm rules form selects this schedule; the separate question Does your drawdown follow your open profit records whether the breach is measured on equity or on closed balance, since a firm can update the reference at the close and still fail an account on intraday equity. The lock fields apply as usual. The Prop firm simulation replays each trading day through this schedule, and the Drawdown zones panel in the Results space reports the share of accounts, not sessions, that touch a given loss before the evaluation ends. The Journal's daily imprint records an End-of-day review note for each trading day, which is a natural place to write down the closing balance that the rule will use.
Why it matters for order-flow traders
Intraday strategies that scale out of winners and sometimes see a position return to break-even are penalised heavily by real-time equity trails and much less by end-of-day trails. The same record can pass under one rule and fail under the other. Knowing the update schedule before the first trade is therefore part of the setup, not a detail for later.
Related
- Trailing drawdown
- Unrealized drawdown
- Static drawdown
- Futures backtesting guide
- Orderflow software on prop firm accounts
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Frequently asked questions
- Does an end-of-day drawdown protect me from an intraday loss?
- No. The end-of-day schedule only governs when the threshold rises. A loss during the session that brings the account down to the threshold still fails it immediately at most firms. What the schedule changes is that intraday gains later given back do not push the threshold up.
- What counts as the end of day?
- The firm's settlement time, which for CME futures is usually tied to the exchange's daily settlement in the Chicago afternoon rather than to midnight. Positions held through that time are marked at the settlement price and the resulting balance is the one compared with the previous peak. The agreement states the exact time and whether open positions are marked.