Topic: Drawdown

Hi
During backtest my drawdown is 4% and US$40. I am fine with this...how are you monitoring if this portfolio works as advertised. Meaning I want to know when it is above a certain threshold that it should stop trading etc.

Thanks

Re: Drawdown

You can watch you Equity in MT. All open positions reflect on it.

Re: Drawdown

Popov wrote:

You can watch you Equity in MT. All open positions reflect on it.

For that I will have to sit in front of the screen...lol...I though that maybe folks are using some tools or code to stop trading if it goes over a certain threshold.

Regards

Re: Drawdown

MT4 Tracker adds a few "protection" inputs for EA Studio-generated portfolio EA.  Here's a link to the documentation:
http://mt4tracker.com/documentation/mt4tracker-documentation/#document-9

You can use MT4 Tracker to modify the portfolio EA or you can manually cut / paste the code snippets.  It's only a few lines and is a good exercise to become a little bit familiar with the layout of Popov's code.

Not sure if that is what you were looking for -- but it may give you some ideas.

Re: Drawdown

Thanks..any input is great..thank you for taking the time to provide feedback