End-of-Day Trailing Drawdown
Definition
End-of-day trailing drawdown adjusts the drawdown floor based on your account equity at the end of each trading day, rather than tracking real-time intraday equity highs. This is more forgiving than intraday trailing.
With end-of-day trailing, only your closing equity matters for drawdown calculation. If your equity spikes to $53,000 during the day but closes at $51,000, the floor adjusts based on $51,000 — not the intraday high of $53,000.
This gives traders more freedom to let trades run during the day without worrying about temporarily raising their drawdown floor. It also means that day traders who close all positions before the end of day are judged solely on their realized balance, making it similar to balance-based drawdown for closed-flat-daily traders.
Apex Trader Funding uses end-of-day trailing drawdown, which is one reason it's considered more forgiving than Topstep's intraday trailing. However, the floor still trails upward over time, so profits still reduce your available drawdown cushion. PropJournal calculates the correct drawdown floor based on each firm's specific end-of-day methodology.
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