Question about reported drawdown

If you inspect a few C2 systems you will notice that some closed trades show a much bigger drawdown than the actual maximum drawdown of the system itself, as recorded on the system main page.

For example there is a C2 system with a max drawdown of 34.5%, and yet one of its intraday (closed) trade shows a 62.07% max drawdown!?!

Unless I am missing something, how is that even possible? :face_with_raised_eyebrow:

IIRC this can happen in case of unpopular systems. Equity curve is calculated not often for such systems, therefore peak drawdown can be missed.

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That could perhaps explain it.

Without knowing the exact strategy ID you are referring to, I can’t answer for certain. While a data error is always possible, another scenario is that more than one trade was open simultaneously; and trade 1 had a large drawdown, while trade 2 was profitable. This would result in an overall strategy drawdown that is less severe than the single-trade drawdown.

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It all make sense now, it was indeed the case with that particular C2 strategy, thanks Matthew.