Equity Based Drawdown And New Metrics!

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.

1 New Feature And Updates

We’ve added another useful setting which many of you have requested – possibility to customize viewable columns in trading activity, in your portfolio (click on the ‘more’ button to set it up):

Contest update – the 1 lot limitation was lifted due to the many requests we’ve received.

Spreads comparison engine – we’ve added 15 more brokers to the comparison: Traders Way, FXOptimax, TradeFort, FXDD, FIBO, Sunbird, IamFX, SynergyFX, Easy Forex, GFT Forex, FxSalt, FBS, IKOfx, X-Trade Brokers and FXCC. The comparison now consists of 75 brokers and 53 symbols!

Have a great week!

The Myfxbook team.