The thread will be restricted to mt4 indicators. Drawdown trading system in the above figure we notice that the trading system has a total gain of 5 but comes at the risk of an 11 drawdown.
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If you have a 10000 forex trading account and you lose 5000.
Forex drawdown indicator. For example you have made 1000 trading forex and then you take a series o! f losses for a total of 30000 or 30. For example if a forex trading system states that it is 80 profitable it translates to a 20 drawdown that the trading system will incur. Would someone please help me make one adjustment to this account equity analyser indicator.
Furthermore all of the indicators led to substantial drawdowns of between 20 to 30. Every person who trades with the help of forex robots or manually experienced such thing as a drawdown for sure. However this does not mean that the ichimoku kinko hyo indicator is the best or that technical indicators as a whole are useless.
The key feature i want to use is the max floating drawdown number at the top right corner of the chart as displayed in attached chart. Please no modification requests on other people indicators. This is an integral part of the trading process which for beginners seems unacceptable and terrible because drawdown is essentially a loss of money.
!Now i understand that some of you may be comple! tely new in this forex trading business you dont really know what forex drawdown means. Indicators should be new never developed before and preferably not dependent on other indicators. This means that you can apply this maximum drawdown indicator with the longnormal logic if you want to get the largest drop in a time series from its highest value and use the short logic if you are looking for the largest increase from its lowest value same as when shorting stocks.
A drawdown is the reduction of ones capital after a series of losing trades and is the difference between a relative peak in capital minus a relative trough. It would be nice if the requester describes the planned indicator usage. Drawdown means the amount of loss taken in a position before recovery to the last highest profit.
Rather this just goes to show that they arent that useful on their own. Robots are not allowed in this lab.
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