How to calculate the maximal draw down truely ? Where Max draw down is based on Equity or balance ?
Why the rules:
MaximalDrawDown = Max of (Maximal Peak - next Minimal Peak); and
MaxDrawDown % = MaxDrawDown / its MaxPeak * 100% ;why these rules are differents of the max drawdown displayed on tester report ? (if that was computed in Excel or manualy)
I thank anyone who can help me.