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Please FIX the wrong %DD. It ıs not reflecting the truth!! résultats de vote

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Discussion Please FIX the wrong %DD. It ıs not reflecting the truth!!

Sep 15, 2011 at 10:51
Vues 1,985
16 Replies
walker36
forex_trader_36599
Membre depuis May 13, 2011   posts 1341
Sep 15, 2011 at 10:51
%DD is not correct in any account
Membre depuis Jul 20, 2011   posts 23
Sep 24, 2011 at 00:24
I agree. Why not add daily Equity Drawdown % as a second statistic underneath the current daily Balance drawdown %?

This statistic is equally as important. A system may look safe with a closed trades drawdown of just 10% but may be high risk with actual open equity drawdowns of 60%. Is this currently displayed anywhere other than visually on the chart?

This is critical to comparative analysis of the risk and safety of different systems.
Membre depuis Jul 30, 2011   posts 71
Sep 28, 2011 at 11:08
Absolutely, I totally agree, this is a very very good way to judge how reliable systems are and if they are actually applying the strategy they boast.
Riding waves always leads to a fall
Membre depuis Jul 20, 2011   posts 23
Oct 05, 2011 at 07:20
A parallel issue to this is the delay in showing the latest drawdown figures visually on the chart.

The chart only updates each day if a trade is closed on that day - so if no trades have been closed there is no chart information shown. This is a problem as a system may be slipping into deeper equity drawdown each day which is hidden until a trade is closed and the chart updates.

It would be good for the chart to update each day even without a closed trade so we can see that even if the balance line remains static the yellow line is changing to reflect the varying equity amount.
walker36
forex_trader_36599
Membre depuis May 13, 2011   posts 1341
Oct 05, 2011 at 07:52
agree!


   soulfire posted:
   A parallel issue to this is the delay in showing the latest drawdown figures visually on the chart.

The chart only updates each day if a trade is closed on that day - so if no trades have been closed there is no chart information shown. This is a problem as a system may be slipping into deeper equity drawdown each day which is hidden until a trade is closed and the chart updates.

It would be good for the chart to update each day even without a closed trade so we can see that even if the balance line remains static the yellow line is changing to reflect the varying equity amount.
daily_martingle
forex_trader_34364
Membre depuis Apr 18, 2011   posts 239
Oct 08, 2011 at 18:52
personally one time i had an account which monitored it in myfxbook , i had 60% DD but at the end of the day all trades closed it profit , it on myfxbook control panel DD was 2% .
ForexScam
forex_trader_32776
Membre depuis Mar 28, 2011   posts 1008
Oct 25, 2011 at 12:00

   daily_martingle posted:
   personally one time i had an account which monitored it in myfxbook , i had 60% DD but at the end of the day all trades closed it profit , it on myfxbook control panel DD was 2% .

exactly.

I think real time drawdown is right around the corner.

Since we have live data quotes in the Footer Tool Bar, MFB is streaming real time. This was the needed ingredient to add Real Time DD statistics.

I know that some brokers quotes will not match this stream, and perhaps we'll need a Warning: sign mentioning that ' This system's data feed does not match our Real Time Feed, therefore statistics are not 100% accurate.'

The other concern would be that the users system could avoid updating while in excessive DD, and then update their system once the DD period is over. If this is the case, MFB would have to run all preexisting trades against historical data to configure 100% accurate statistics..... any other ideas?

daily_martingle
forex_trader_34364
Membre depuis Apr 18, 2011   posts 239
Oct 25, 2011 at 13:44

   ForexScam posted:
   

   daily_martingle posted:
   personally one time i had an account which monitored it in myfxbook , i had 60% DD but at the end of the day all trades closed it profit , it on myfxbook control panel DD was 2% .

exactly.

I think real time drawdown is right around the corner.

Since we have live data quotes in the Footer Tool Bar, MFB is streaming real time. This was the needed ingredient to add Real Time DD statistics.

I know that some brokers quotes will not match this stream, and perhaps we'll need a Warning: sign mentioning that ' This system's data feed does not match our Real Time Feed, therefore statistics are not 100% accurate.'

The other concern would be that the users system could avoid updating while in excessive DD, and then update their system once the DD period is over. If this is the case, MFB would have to run all preexisting trades against historical data to configure 100% accurate statistics..... any other ideas?



sure
like zulutrader. no one cant escape from DD , they are monitoring your account even your pc in turned off , or your MT4 platform is closed
walker36
forex_trader_36599
Membre depuis May 13, 2011   posts 1341
Oct 25, 2011 at 13:52
the update frequency is the key. for updating accounts MFB dont need the trader computer due it has the investor pass. so the issue is the MFB should scan all accounts frequently and the BETA version accounts should be used.

ForexScam
forex_trader_32776
Membre depuis Mar 28, 2011   posts 1008
Dec 09, 2011 at 20:25
bump
Membre depuis Aug 21, 2011   posts 17
Dec 25, 2011 at 21:59
Great service guys, but really when is the reflection of dd based on equity coming? Its really vital..
Membre depuis Jun 06, 2010   posts 2
Jan 08, 2012 at 14:35
I really love the suggestion of adding DD (in % and pips) will help a lot to understand the 1) reliability of ths ystem 2) it helps the trader tighten or loosen his SL (case by case). 3) Trader gets lot of valuable information based on how far the trade travellend in opposie direction before it moves to this direction.

It should be better if it added at the real time rather once in a day.
Membre depuis Jul 04, 2010   posts 15
Jan 13, 2012 at 08:04
I second this suggestion. It's absolutely a 'must' in order to give a realistic picture of the maximum DD during a series of trades.
Membre depuis Jul 04, 2010   posts 15
Jan 13, 2012 at 09:10
.... and floating!
Membre depuis Jul 31, 2009   posts 1444
Jan 19, 2012 at 08:39
I'm glad to say this feature is in its final stages and should be released in the next or the following version release. Not sure if the development team will have enough time to squeeze in all of the above suggestions, however the main drawdown issue will be definitely resolved 😄.
ForexScam
forex_trader_32776
Membre depuis Mar 28, 2011   posts 1008
Jan 20, 2012 at 03:57
Way to Go Ethan !😀 We're all pleased with your efforts.
Membre depuis Jun 06, 2010   posts 2
Jan 22, 2012 at 13:51
Thank you Ethan. We appreciate your effort.
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