The daily drawdown is determined based on the highest value between your balance and equity at the market close time (00:00 server time). This approach ensures the most favorable point is used as the reference for evaluating drawdown.
Example 1: Open Trade in a Loss
If you are holding a trade overnight and your balance is $105,000 while your open trade has an unrealized loss of $1,000 (equity = $104,000), the drawdown will be calculated from the balance of $105,000 — since it is the higher of the two values at market close.
Example 2: Open Trade in a Profit
If you are holding a trade overnight and your balance is $105,000 while your open trade has an unrealized profit of $1,000 (equity = $106,000), the drawdown will be calculated from the equity of $106,000 — as it is the higher value at market close.