EOD Trailing Drawdown is the most important concept to understand at ONYX.
How It Works
Your drawdown threshold updates once per day at market close, based on your highest closing balance. It never adjusts intraday.
Example:
Your account starts at $25,000 with a $1,500 drawdown limit.
Your threshold starts at $23,500 ($25,000 − $1,500).
You have a big day and close at $26,500.
Your new threshold moves up to $25,000 ($26,500 − $1,500).
The next day, as long as your account closes above $25,000, you do not fail.
The Key Difference
Most firms use intraday trailing drawdown — meaning your threshold moves up the moment your account value increases, even mid-session.
ONYX uses EOD only. If you're down intraday but recover before market close, the drawdown threshold does not move and you do not fail.
When Does It Fail an Account?
Your account fails if your closing balance falls below your current drawdown threshold. A single bad close can breach it — not just an intraday dip.
On Funded Accounts
EOD trailing drawdown continues on Diamond funded accounts. The same rules apply — calculated at close, not intraday.