What are the drawdown types?

Static: The drawdown doesn't change.

Equity Based: The drawdown resets based on equity or balance (whichever is highest) at 00:00 UTC.

Example: You have a $1000 account, you open a trade and leave it running overnight. Your equity at 00:00 UTC is $1100, but your balance is $1000. Your max daily drawdown will be 4% of $1100 ($44), your account will breach the daily drawdown if you go beneath $1,056 on that day. 

Balance Based: The drawdown resets based on the Balance at the daily rollover.

Example: You have a $1000 account, you open a trade and leave it running overnight. Your equity is $1,100, but your balance is $1,000. Your max daily drawdown will be 4% of $1,000 ($40).

Trailing: The drawdown moves automatically with the highest equity point in your account.

If you start with $1,000 in equity and your trailing max drawdown is 3%, your starting trailing max drawdown is $30. If you gain $100 in equity your new highest equity point is $1,100 and your new trailing max drawdown is 3% of $1,100 which is $33. So if your account goes below $1,067 that would be a breach.