WHAT IS End Of the Day(EOD)?

EOD (End of Day) is a type of Trailing Drawdown. However, unlike standard TDD, which adjusts based on the highest unrealized profit of each trade, EOD adjusts the drawdown level based on the account balance at the end of the trading day.

As a result, EOD offers more flexibility compared to regular TDD, but the loss limit still only moves upward and never decreases.