How is the Max Drawdown of a Trade Determined?

I think this is probably a question for @MatthewKlein or someone on the C2 support staff. I’m working on trying to find the best stop level to use for a couple of the futures-based systems I subscribe to. To do this I am using the DD stats included within the CSV file of the trade history. What I’m not sure about is how the system determines the max DD. I can think of two different approaches: 1) periodically poll the prices and update the figures when a new DD is hit, or 2) analyze the 1-minute bars during the period that the position was open and assume that the lowest-low (or highest-high for short positions) would be the price of the max DD. I would think #2 would be more accurate assuming that the bar data is clean.

If you’re talking about the individualized per-trade drawdown data, then C2 actually looks up historical minute bar data for each trade leg, and calculates the maximum adverse price after trade-entry.

That’s exactly what I was wondering – very good to hear. Thanks!