Why wide differences between DD (draw down) reported on MT4/5 terminal and online analyses platforms?Regrettably, my initial post was deleted - maybe because I provided links to outside analyses platforms.But I truly need views / amswers to my question, because I have three online analyses platforms report for same live account maximum DD: 36.63% (Myfxbook), 27.2% (Darwinex) and 38.85% (MQL5 community), respectively, as compared to attched screenshot of MT4 terminal generated maximum DD report:
I will appreciate all reasonable views about the discrepancies.Thank you.
Forum on trading, automated trading systems and testing trading strategies
Michalis Phylactou, 2017.02.10 13:50
Sergey Golubev, 2017.02.10 14:01
The truth its in the detail. Have you connected your account in all 3 platforms from the actual beginning?
Because if you connect your account at a later date, tha platform can only scan the completed trades and the DD will be the relative drawdown from the highest to the lowest point of your account.
All the intratrade fluctuations will not be shown and won't be recorded in the actual DD.
This is a trick many signal providers use, they keep their account unconnected with the database and they only connect it at a later date, when they have already formed some nice monthly profits without any actual DD shown.
So, you see a nice small DD percentage, which only reflects the actual DD of the period (last few days or weeks) the signal has been connected to the signal's database.
If you connected your account to all 3 platforms from the beginning, then is really strange.
That means that these platforms use a different algorithm for calculating DD.
Are you trying to compare the output of the tester to the performance on a live account ?
Those will never be the same, they can not be the same.
Yes, but the detailed statement from your Metatrader terminal does NOT consider the "floating" drawdown of your open trades like statistic pages do.
In this statement file you'll only see the "realized" drawdown based on the final result of these trades.
Example: Your trade is going down 50% and closes with a 3% loss.
The monitoring/statistic page will show you the real maximum drawdown of 50%
The Detailed Statement of your Terminal will show a maximum drawdown of 3%.