What is End of Day Drawdown?
On the Rapid Elite Plan, your loss limit moves up once a day, after market close, based on your end-of-day equity. It doesn't move during the day, and it never moves down.
Loss limit = Highest end-of-day equity − Maximum drawdown
Your loss limit still applies at every moment of the day. If your equity, including open trades, reaches your loss limit during the day, your account is breached.
Worked Example: $100,000 Account
Maximum drawdown is $3,000, so your loss limit starts at $97,000.
Day | What happens | End-of-day equity | Loss limit after close |
Start | Account opens | $100,000 | $97,000 |
Day 1 | Your equity reaches $103,000 during the day, then closes at $102,000 | $102,000 | $99,000 |
Day 2 | A losing day | $100,500 | $99,000 |
Day 3 | A winning day | $104,250 | $101,250 |
Day 4 | An open trade drops your equity to $101,250 during the day | — | Breached |
What to notice:
On Day 1, your loss limit moved to $99,000 based on the $102,000 close, not the $103,000 high during the day.
On Day 2, your equity fell but your loss limit stayed at $99,000. It never moves down.
On Day 4, the account was breached the moment your equity reached $101,250, even though it was the middle of the day.
Rapid Express vs Rapid Elite: How the Loss Limit Moves
| Rapid Express | Rapid Elite |
When your loss limit moves up | In real time, as your equity hits new highs (including open trades) | Once a day, after market close, based on your end-of-day equity |
Can you be breached intraday? | Yes | Yes |
What causes a breach | Your equity, including open trades, reaches your loss limit | Your equity, including open trades, reaches your loss limit |
Frequently Asked Questions
Can my account be breached during the day?
Yes. End of day drawdown only changes when your loss limit moves up. If your equity, including open trades, reaches your loss limit at any moment, the account is breached.
Does a high during the day move my loss limit?
No. Only your end-of-day equity counts.
Can my loss limit go back down?
No. It only moves up, even if you lose money afterward.
Does my loss limit reset overnight?
No. It carries over to the next day. If you have a $3,000 maximum drawdown and you're down $2,000 at the close, you start the next day with only $1,000 of room.
Where can I see my current loss limit?
Check your Vanquish dashboard, and track your open positions in DxTrade to manage your risk.
Does my loss limit ever stop trailing?
Yes, on a Performance Account. Once your end-of-day equity reaches the Buffer, your loss limit locks permanently. See Rapid Elite Plan - Buffer.