Why is the DD showing as more than 50%, while on the DD charts and Signal S has never gone above 10%

Manubajwa3000 posted:
Why is the DD showing as more than 50%, while on the DD charts and Signal S has never gone above 10%

Apparently, some kind of mistake at all

This system is confusing me

1. Myfxbook says 58% DD, but it doesnt show when, as max is arounf 12% in the DD summary page
2. Signal Start says 34% DD: again the summary page.shows max.of 7.5%, while May trading data is missing, when the DD was at its Maximum, as per MQ4
3. Mq4 shows 70%: this was in May 21.

Is anyone invesred.in this system and can share their understanding.

Hi Manubajwa and Croisssan,
Thanks for your comment and interest. We couldn't explain why all three systems are tracking differently on our same Ophiuchus account. But there are some situations that we can explain.
About the May 2021 data is missing in Signalstart one. Around May that time we realized SignalStart didn't continue to track our account live performance. We reported the issue to them and they fixed it, but then the may data is missing.
We registered myfxbook and Mql4 at almost the same time but then we only register Signalstart a few months later. Hence, myfxbook and mql4 will have more complete data.
For the drawdown, it depends on how sensitive is the system to track our account. As the drawdown can be just a short while, the less sensitive system might not track as accurate it is.
For Ophiuchus EA, it is a martingale strategy system. Hence, it is high risk and will have a big draw down from time to time. Our recommendation for our client is to get back the capital first and normally it will take around 6 months ( assuming you are running our EA, copy trade might have other cost) to get back full capital, and then you can use the profit to run where it will be a risk-free trading. For more information, you can refer to our website -> https://limitless-trading.com. Thanks.

Quite an interesting option. Has anyone tried this strategy before? If so, how are the results?

Hi All,

Please take note that we will stop Ophiuchus EA from trading from 23 Dec onwards (after all order is closed) till the first week of January due to low trading volume and it is vulnerable for manipulation.
You can refer there for more information on why we do that every year -> https://limitless-trading.com/trading-knowledge/forex-trading-in-holiday-season.html

Sorry for the inconvenience caused. We want to protect our clients capital from this low profit and high risk period.

Regards,
Limitless Trading