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drawdown calculation mistake
Feb 07, 2024 at 08:46
294 Paparan
2 Replies
Ahli sejak Nov 27, 2023
1 hantaran
Feb 07, 2024 at 08:46
i had a 0.05 lot short on GOLD
entry on 2032.42 and closed manually 8 minutes later at 2033.04
it went down to 2031.13 and went back up and closed manually at 2033.04
the trade drawdown number written is -555 pip
how can it possible? can anyone help me calculate that?
is there any possibility that myfxbook had a mistake calculating drawdown?
entry on 2032.42 and closed manually 8 minutes later at 2033.04
it went down to 2031.13 and went back up and closed manually at 2033.04
the trade drawdown number written is -555 pip
how can it possible? can anyone help me calculate that?
is there any possibility that myfxbook had a mistake calculating drawdown?
Ahli sejak Feb 07, 2024
7 hantaran
Feb 07, 2024 at 12:43
Looks like a pip miscalculation from myfxbook to me. But they get their data from the broker so it could be a problem with the data feed
Ahli sejak Feb 12, 2016
127 hantaran
Feb 08, 2024 at 20:13
yasinvitta posted:
i had a 0.05 lot short on GOLD
entry on 2032.42 and closed manually 8 minutes later at 2033.04
it went down to 2031.13 and went back up and closed manually at 2033.04
the trade drawdown number written is -555 pip
how can it possible? can anyone help me calculate that?
is there any possibility that myfxbook had a mistake calculating drawdown?
Pips are calculate differently on Gold pair it's not 1/10000 as in FX pairs but 1/100 that's why you may see that your calculations are incorrect
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