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How exactly is Max Drawdown Calculated?
My system stats currently display:
Max Drawdown 10.56% (20060515 to 20060516)
The most a postion has ever gone against me is
by $2790 … 55 pips in USDJPY; about 2.2% of equity.
How do you come up with 10.56% for Max Drawdown?
Just glancing at your chart: your overall system equity went down from 120K to 110K between the 15th and 16th. The exact numbers work out to 10% of equity.
MK
