This specific rule enables traders to have a more lenient system where drawdowns are not calculated daily but rather a specific limit that goes along with your account instead.
End-of-Day (EOD) Trailing | is the calculation of the maximum drawdown based on the account balance at the end of each trading day. Unlike traditional drawdown calculations that may allow for retracements back to previous highs, EOD trailing locks in the maximum drawdown based on the balance at the close of each day, ensuring that once a drawdown level is reached, it does not retrace. This method provides a more conservative measure of risk by protecting against any potential rebounds or recoveries in the balance after a drawdown.
β
Starter Account
EOD (End of Day) Trailing Max. Drawdown Limit
Current account balance must not reach -3.5% or -5% of the initial account balance relative to yesterday's EOD balance.
When your balance at the end of day reaches 3.5% + $100 (5% + $100 for the 50k), your EOD drawdown will be locked at initial balance + 100$ and will not trail anymore.
Account Size | EOD (End of Day) Trailing Max. Drawdown Limit | EOD Trailing Max. Drawdown Lock | Max. Number of Positions |
50,000 | 5% | 52,600 | 3 contracts |
100,000 | 3.5% | 103,600 | 6 contracts |
150,000 | 3.5% | 155,350 | 9 contracts |
Expert Account
EOD (End of Day) Trailing Max. Drawdown Limit
Current account balance must not reach -3% or -4% of the initial account balance relative to yesterday's EOD balance.
When your balance at the end of day reaches 3.5% + $100 (5% + $100 for the 50k), your EOD drawdown will be locked at initial balance + 100$ and will not trail anymore.
Account Size | EOD (End of Day) Trailing Max. Drawdown Limit | EOD Trailing Max. Drawdown Lock | Max. Number of Positions |
50,000 | 4% | 52,100 | 5 contracts |
100,000 | 3% | 103,100 | 10 contracts |
150,000 | 3% | 154,600 | 15 contracts |