---
title: "End-of-day drawdown Meaning - Get Funded Now"
description: "A drawdown calculated only from the closing balance of each trading day, ignoring whatever happened between the open and the close."
url: "https://getfundednow.com/glossary/end-of-day-drawdown"
language: "en"
last_modified: "2026-09-22"
publisher: "Get Funded Now (getfundednow.com)"
translations:
  es: "https://getfundednow.com/es/glossary/end-of-day-drawdown"
  pt-BR: "https://getfundednow.com/pt-br/glossary/end-of-day-drawdown"
  fr: "https://getfundednow.com/fr/glossary/end-of-day-drawdown"
  it: "https://getfundednow.com/it/glossary/end-of-day-drawdown"
  de: "https://getfundednow.com/de/glossary/end-of-day-drawdown"
disclosure: "All trading at Get Funded Now is simulated. 'Funded' means a simulated or virtual account; GFN is not a broker and does not hold client funds."
---

Drawdown and risk limits

# End-of-day drawdown

A drawdown calculated only from the closing balance of each trading day, ignoring whatever happened between the open and the close. Intraday excursions are invisible to it as long as the day finishes above the level.

GFN’s figure

GFN's daily loss limit is measured against the prior day's closing level and then monitored live through the day, so intraday lows count rather than only the close. The reset time is shown in your dashboard, not assumed to be local midnight.

- **Basis**: Prior day's closing balance
- **Monitoring**: Live, on equity, through the session
- **Reset time**: Shown in the dashboard

In detail

## End-of-day drawdown, explained

End-of-day measurement is more forgiving than live monitoring because a trade that goes deeply against you and recovers before the close never registers. Firms that use it typically apply it to the account-level drawdown rather than the daily one.

The corresponding risk is complacency: a trader used to an end-of-day limit at one firm can carry the same position sizing to a live-monitored account and breach it in the first week.

[The rule in full →](https://getfundednow.com/rules/daily-loss-limit) · [Rules handbook](https://getfundednow.com/rules) · [More drawdown and risk limits](https://getfundednow.com/glossary/category/drawdown)

Related

## Terms that come with it

Most rules only make sense next to the ones they interact with. These are the entries this one depends on.

- [Intraday drawdown](https://getfundednow.com/glossary/intraday-drawdown) - The worst point an account reaches during a single trading day, measured from that day's starting level. It is what a daily loss limit monitored on equity actually tests, rather than where the day happens to finish.
- [Daily loss limit](https://getfundednow.com/glossary/daily-loss-limit) - The most an account may lose in one trading day before it breaches. Calculated as a percentage of the previous day's closing level, it resets at a fixed time each day and is the rule that ends most evaluations.
- [Drawdown reset](https://getfundednow.com/glossary/drawdown-reset) - The moment a drawdown calculation is recalculated from a new reference level - most often the daily loss limit rolling over to a new day, or an account level being restated after a withdrawal.
- [Rollover time](https://getfundednow.com/glossary/rollover-time) - The point in the day when positions are rolled to the next value date and swap is applied. It is also when many platforms reset daily statistics, and spreads often widen briefly around it.

Also governed by [/rules/daily-loss-limit](https://getfundednow.com/rules/daily-loss-limit)

[Equity-based drawdown](https://getfundednow.com/glossary/equity-based-drawdown)

Ready when you are

## Your capital stays yours. The risk is ours.

One evaluation fee, no time limits and up to 90% of simulated profits. Pick an account size and your credentials arrive by email within minutes.

[Start your challenge →](https://getfundednow.com/challenges) · [Read the rules](https://getfundednow.com/faq)

No subscriptions or hidden fees

Payouts every 14 days

$400,000 max total allocation

---

Source: https://getfundednow.com/glossary/end-of-day-drawdown
Facts about Get Funded Now in one file: https://getfundednow.com/llms.txt