Definition
End-of-day (EOD) trailing drawdown
A trailing drawdown recalculated only at the daily close, ignoring intraday equity peaks.
EOD trailing moves the floor once per day, based on the closing balance. Open-trade highs that fade before the close don't raise the floor — much more forgiving for traders who hold through pullbacks.
When comparing firms, 'trailing' without a qualifier usually means intraday; EOD trailing is a meaningfully better term for the same headline percentage.
Related terms
General industry definitions — individual firms define terms differently in their own ToS; the decoded rulebook for each firm is the source of truth. Educational, not financial advice.