Topic: 1H EURUSD - Huge Profit with Huge Drawdown
Dear Zenoni and SpiderMan,
I'm newbie and I came across your post regarding your comments that higher time frame having higher reliability. I therefore tried to create a higher time frame startegies, i.e. 1 hour of EURUSD.
Initial account = USD2k
Date range = 23 Jan 09 to 02 Sept 11
Leverage = 1/50
Strategy as attached.
The account balance is USD 352k with profit per day = USD 372. Unfortunately the Max drawdown is USD 30k and Max Equity drawdown = 80%... I tried to fiddle around with the strategies and tried to generate new ones base on existing setting, but I can't seem to change the drawdown much. I can only reduce the drawdown by reducing the profit.
Does it mean that higher profit comes with higher drawdown? What can be done to reduce the drawdown without affecting the profit significantly?
Thanks for your help ^_^