Luxembourg, Luxembourg
Experience: Intermediate
Platform: NinjaTrader
Trading: CL, TF, ES, 6E, 6B, 6J, GC
Posts: 10 since Feb 2015
Thanks Given: 6
Thanks Received: 2
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Let me give an example:
Balance begin of day: 50000. Max dd 2000. So bottom allowed balance 48000.
Now trade1 goes to a max favorable 700, then closes due to the trailing with 500 profit.
If the intraday update is only based upon realized p&n, the new allowed balance bottom is 48500. The dd allowed from this point stays 2000.
If however it also takes into account unrealized p&l, allowed balance now is 48700 and you are in 200 dd already, so only 1800 more dd allowed
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