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Check out this chart from the February issue of MSTT
( http://www.metastocktips.co.nz ):
http://www.metastocktools.com/URSC/t-chart-3.png
In this example, maximum drawdown is measured as 17% (and not 11% from
0% profit, as measured by some traders). The basic profit indicator
code used in this example can be found at http://www.metastocktools.
com/#metastock under "System/signal indicators" section, "Profit
curve" link.
I would use either this profit indicator or Roy's TE indicators to
measure profit/drawdown, and stay clear of the System Tester.
jose '-)
http://www.metastocktools.com
--- In equismetastock@xxxxxxxxxxxxxxx, chichungchoi <no_reply@xxx>
wrote:
>
> Does anyone know where to look for maximum drawdown in Metastock's
> Summary report?
> Is Maximum Drawdown equal to highest Loss under unprofitable Trades?
> or
> Is Maximum Drawdown equal to long / short Adverse under Maximum
> Position Excursions?
>
> Does anyone have any idea?
> Thank for any suggestion
> Eric
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