MY signal is showing a false drawdown level.
I added my account newly, my signal just has about 3% drawdown on myfxbook but mql shows 23% drawdown. Its a new account and haven't even exposed it up to 4% risk..
- Need a technical help in my Signal on MQL website
- New Signal drawdown and max deposit load not correct
- Confused about DrawDown
Omeh Philip:
I added my account newly, my signal just has about 3% drawdown on myfxbook but mql shows 23% drawdown. Its a new account and haven't even exposed it up to 4% risk..
I added my account newly, my signal just has about 3% drawdown on myfxbook but mql shows 23% drawdown. Its a new account and haven't even exposed it up to 4% risk..
Drawdown is not only the live drawdown of open trades, but also the account balance drawdown between high and low points.
You may never had more than a 3-4% live drawdown, but if you had 6-7 consecutive losses of 3%, that adds up to about 20% max drawdown.