Can you explain how this report calculated the maximal drawdown?
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After 14 trades, the report says the Maximal Drawdown was 1942.60 (see attached file).
However, based on the balances, I calculate only $1069.50.
Can someone explain how the 1942.60 was calculated?
I've already read and looked up the definition for maximal drawdown on a number of sites. What am I missing here?
Your help would be much appreciated :)
- Lil