End-of-Day Drawdown
An end-of-day drawdown updates the loss floor based on your balance at the close of each trading day rather than tick by tick during the session. With this style, intraday swings do not move the floor, so an open position that dips and recovers within the day will not trip the limit on its own. The floor only ratchets up after the day settles, which makes it more forgiving than an intraday trailing rule.