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drawdown, Max, Min
tradeusphog

Member Since Feb 11, 2019  2 posts tradeusphog Feb 09 at 07:30
What is the difference between drawdown and min pips on a trade?

almfx

Member Since Feb 13, 2017  95 posts almfx Feb 09 at 22:05
drawdown refers to the difference between a high point in the balance of your trading account and the next low point of your account's balance, Drawdowns also describe the likely survivability of your system over the long run. A large drawdown puts an investor in an untenable position
and min pips on a trade is a different story, that shows type of the trading system.

tradeusphog

Member Since Feb 11, 2019  2 posts tradeusphog Feb 12 at 07:17 (edited Feb 12 at 07:17 )
I'm asking in the context of a single trade. The stats that the history tab's graph when you hover over it shows the 'drawdown' of the trade, then also shows 'Min:' of the trade in pip, then of course also 'max:' of the trade in pips. I can't conceptually understand the difference between drawdown and min of the single trade.

togr

Member Since Feb 22, 2011  4592 posts vontogr (togr) Feb 12 at 13:24
tradeusphog posted:
What is the difference between drawdown and min pips on a trade?

DD is a dynamic number. Showing the equity drop in percent. It is equal to loss of all OPEN trades.
If the DD is 10% then equity is 100-10=90%.

Min pips on a trade is a nonsense.
Trade may have positive or negative pips. The amount is determined by distance from current price (or closing price) and opening price.
E.G. EURUSD open trade at 1.09000, current price is 1.09050. So the trade's pips is 5.0 or 50 pipettes

I like what I trade, I trade what I like
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EURUSD 1.09931 GBPUSD 1.27627
USDJPY 108.263 USDCAD 1.34162

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