We’re excited to announce a very anticipated and requested change – equity based drawdown.
As you might know, the drawdown calculation up until now was balance based, however that isn’t the most accurate way of measuring drawdown since equity can move drastically while the balance remains the same, hence the requested change.
Along with this change, custom analysis will now calculate the true equity based drawdown, in real time (based on your analysis settings).
Also, not only we’ve changed the drawdown calculation method, but we’ve also added drawdown history which you can notice in a new chart in your system page called “drawdown” – you can now see daily drawdown based on percentage, profit, or pips! These are invaluable metrics in assessing a system’s risk:
As a side note, you’ll notice a a lot less systems in the systems section since many of the systems got filtered out due to the calculation method change (default drawdown setting is 30%).
All accounts are being reprocessed for the new metrics and should complete within an hour.
Have a great week,
The Myfxbook team.