drawdown calculation mistake

yasinvitta

Tham gia từ Nov 27, 2023 1bài viết

Feb 07, 2024 at 08:46

Tham gia từ Nov 27, 2023 1bài viết

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?

Bants580

Tham gia từ Feb 07, 2024 7bài viết

Feb 07, 2024 at 12:43

Tham gia từ Feb 07, 2024 7bài viết

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

bardachok

Tham gia từ Feb 12, 2016 127bài viết

Feb 08, 2024 at 20:13

Tham gia từ Feb 12, 2016 127bài viết

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

EURUSD	1.13696	GBPUSD	1.33515	AUDUSD	0.63962
USDJPY	142.586	USDCAD	1.381	USDCHF	0.82212

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