How is the DD calculated? Because current open positions are: -$2,247.09 If you divide $2,247.09 into the starting balance of $3,000, you get 75% DD. If you divide -$2,247 into current balance of $5,821.73, you get 39%.
And to make matters more confusing in calculating DD, at one point I had a floating open of -$4,254 and caused a bunch of trades to margin out and close. So now if you divide -$4,254 into starting balance of $3,000, we are talking about 142% DD. And if you divide -$4,254 into current balance of $5,821, you get 73%.
So as you can see, 1) I really don't know how to calculate DD? 2) I don't know how Myfxbook calculates DD?
Not sure if I'm posting in the right place, but my drawdown numbers don't look correct either. Does myfxbook take into account that some accounts are mini accounts, while others are standard accounts ?
Account type shouldn't affect calculation of DD. As per Metatrader, DD is the highest percentage ratio of loss per trade to balance in the last number of trades closed. I think myfxbook considers equity as sometimes it tallies with Metrader's and sometimes it doesn't.
We log the maximal drawdown. Drawdown is calculated using several ways: (1) logging of drawdown at each account update. (2) calculation of balance drawdown (3) calculation of equity drawdown based on historic prices (end of day)
The highest figure out of the above methods will be the one showing as the drawdown value, while drawdown chart shows end of day values.
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