why is the drawdown not 0, when all trades win?

[[Deleted]]

see this example....thanks

[Paul]

I think the DD is calculated on equity not balance so it means at some point you were losing and if you closed the trade at that poiint you would have been 6% down on the maximum. I don't find the graph useful to show this because it squashes the scale and any steps or difference in equity and balance seem to disappear giving an unrepresentative picture. Just use the figures as a guide and not gospel since therre will always be a draw down because all trades open at a loss due to the spread. Also the results are poor for low trade count.

[William Roeder]

Drawdown will NEVER be zero. The moment you open an order, you are in drawdown by the amount of the spread.