What is End-of-Day (EOD) Drawdown?
End-of-Day (EOD) drawdown is a prop firm risk rule where the maximum loss limit is recalculated solely at the official market close (typically 4:45 PM or 5:00 PM EST) based on realized account balance. Intra-session spikes in open, unrealized profit do not move or tighten the drawdown floor during active trading.
Mathematical Calculation
The new drawdown floor for the subsequent day (d+1) is set by comparing the existing floor with the closed balance at day d minus the fixed drawdown threshold. If today's closed balance is higher than yesterday's high-water mark, the floor steps up; if today was a losing day, the floor stays unchanged.
Real-World Numerical Simulation
EOD Drawdown vs Mid-Day Spikes
Morning: Account balance is $100,000. Floor is set to $97,000.
10:30 AM: Open trade surges to +$4,000 ($104,000 open equity). Floor remains at $97,000.
1:00 PM: Market reverses; trade closes at +$1,000 ($101,000 balance).
5:00 PM Close: Settlement balance is $101,000. Floor for tomorrow updates to $98,000 ($101,000 - $3,000).
Advantage: Under intraday trailing, the floor would have ratcheted to $101,000 and breached the account upon pullback. Under EOD, the trader remains safe with $3,000 of buffer.
Post-Trade EOD Cushion Tracker & Funding Hub Filter
Filter prop firms by End-of-Day drawdown inside our Funding Hub Directory, and let LogToLast's Challenge Tracking cards automatically update your locked EOD drawdown floor and remaining buffer after every closed session.
Institutional Comparison Matrix
| Metric | EOD Drawdown | Intraday Trailing Drawdown |
|---|---|---|
| Calculation Frequency | Once per day at market settlement | Tick-by-tick continuously during open trades |
| Volatile Runners | Favors trend-followers with deep pullbacks | Penalizes runners that pull back before exit |
| Psychological Stress | Substantially lower | High; induces premature profit-taking |
| Pass Rate (Prop Challenges) | ~28%–36% average pass rate | ~11%–16% average pass rate |
Monitored Prop Firms Applying This Rule
Frequently Asked Questions
Stop Tracking End-of-Day (EOD) Drawdown Manually in Spreadsheets
Filter prop firms by End-of-Day drawdown inside our Funding Hub Directory, and let LogToLast's Challenge Tracking cards automatically update your locked EOD drawdown floor and remaining buffer after every closed session. Test our 5-engine trading OS—including 20+ account cloud & MT5 replication, Playbook Active Enforcer, AI Journal, and Native Ctrl+C Backtest Lab—for $0.00 today during your 14-day Elite trial.
✓ No Credit Card Required • ✓ 14-Day Full Elite Access • ✓ 50% Evaluation Pass Reward