What is the difference between EOD trailing and intraday trailing drawdown?

EOD trailing drawdown only updates at the end of the trading day. If your account peaks at $52,000 during the session but closes at $50,500, the drawdown level adjusts based on $50,500 only. Intraday swings do not affect your drawdown. Intraday trailing drawdown updates in real-time as your account equity reaches new highs — including unrealized profits on open positions. If your equity hits $52,000 even momentarily, the drawdown level adjusts immediately and never comes back down.