how to decrease DD?

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please help me to decrease the DD
 

Control your risk.

Risk depends on your initial stop loss, lot size, and the value of the symbol. It does not depend on margin and leverage. No SL means you have infinite risk. Never risk more than a small percentage of your trading funds, certainly less than 2% per trade, 6% total.

  1. You place the stop where it needs to be — where the reason for the trade is no longer valid. E.g. trading a support bounce the stop goes below the support.

  2. AccountBalance * percent/100 = RISK = OrderLots * (|OrderOpenPrice - OrderStopLoss| * DeltaPerLot + CommissionPerLot) (Note OOP-OSL includes the spread, and DeltaPerLot is usually around $10/PIP but it takes account of the exchange rates of the pair vs. your account currency.)

  3. Do NOT use TickValue by itself - DeltaPerLot and verify that MODE_TICKVALUE is returning a value in your deposit currency, as promised by the documentation, or whether it is returning a value in the instrument's base currency.
              MODE_TICKVALUE is not reliable on non-fx instruments with many brokers - MQL4 programming forum (2017)
              Is there an universal solution for Tick value? - Currency Pairs - General - MQL5 programming forum (2018)
              Lot value calculation off by a factor of 100 - MQL5 programming forum (2019)

  4. You must normalize lots properly and check against min and max.

  5. You must also check FreeMargin to avoid stop out

Most pairs are worth about $10 per PIP. A $5 risk with a (very small) 5 PIP SL is $5/$10/5 or 0.1 Lots maximum.

 
so the point is using stop loss and money management?
 
William Roeder #:

Control your risk.

Risk depends on your initial stop loss, lot size, and the value of the symbol. It does not depend on margin and leverage. No SL means you have infinite risk. Never risk more than a small percentage of your trading funds, certainly less than 2% per trade, 6% total.

  1. You place the stop where it needs to be — where the reason for the trade is no longer valid. E.g. trading a support bounce the stop goes below the support.

  2. AccountBalance * percent/100 = RISK = OrderLots * (|OrderOpenPrice - OrderStopLoss| * DeltaPerLot + CommissionPerLot) (Note OOP-OSL includes the spread, and DeltaPerLot is usually around $10/PIP but it takes account of the exchange rates of the pair vs. your account currency.)

  3. Do NOT use TickValue by itself - DeltaPerLot and verify that MODE_TICKVALUE is returning a value in your deposit currency, as promised by the documentation, or whether it is returning a value in the instrument's base currency.
              MODE_TICKVALUE is not reliable on non-fx instruments with many brokers - MQL4 programming forum (2017)
              Is there an universal solution for Tick value? - Currency Pairs - General - MQL5 programming forum (2018)
              Lot value calculation off by a factor of 100 - MQL5 programming forum (2019)

  4. You must normalize lots properly and check against min and max.

  5. You must also check FreeMargin to avoid stop out

Most pairs are worth about $10 per PIP. A $5 risk with a (very small) 5 PIP SL is $5/$10/5 or 0.1 Lots maximum.

so the point is using stop loss and money management?
 
Anton Perdana Putr - #:
so the point is using stop loss and money management?

my plan is just max 30% in DD sorry for my english is so bad

 
thank you sir for your advice
 
Anton Perdana Putr -:
please help me to decrease the DD

You have not described the question in full, how to reduce the drawdown - what exactly, when the advisor is working or the current one on your account?

If you want to reduce the drawdown on your account despite the fact that the position is going against the races, you may just need to increase the volume of your deposit.

If you want to reduce the drawdown for further trades, then open deals with, say, a risk of 1%, then even a strong movement in the market will not cause you psychological stress.

Also, get yourself a tool that shows the level of your stop out and at least find out from your broker, because a floating drawdown is still half a problem, but when you reach a stop out and for some brokers it is 60-50% of the account, then your loss will be forcibly fixed ...

 
Sergey Batudayev #:

You have not described the question in full, how to reduce the drawdown - what exactly, when the advisor is working or the current one on your account?

If you want to reduce the drawdown on your account despite the fact that the position is going against the races, you may just need to increase the volume of your deposit.

If you want to reduce the drawdown for further trades, then open deals with, say, a risk of 1%, then even a strong movement in the market will not cause you psychological stress.

Also, get yourself a tool that shows the level of your stop out and at least find out from your broker, because a floating drawdown is still half a problem, but when you reach a stop out and for some brokers it is 60-50% of the account, then your loss will be forcibly fixed ...

oh yes it is on my current signal account sir well if increase my deposit could decrease my DD i will do it tomorrow ok i think money management is very important i trade in gold and it is very hard thank you sir for your advice

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