Thanks! That's just what I and the other bro was thinking
Glad we got all these clarified.

Tbh, I didn't know they would look @ peak DD for best offer... since letter now only says Drawdown
I'll have to watch out then when executing trades

==========

RDK91 

Let me give you an example. Let's say you start trading the Gauntlet and you go from $25000 up to $26000, from there on you have a few losing day's and now your balance is $23400. Now you have used 6,4% from the maximum 10% draw down from the initial starting balance ($2600), and you are down 10% from the highest point you had. If you go straight up from there without any more losing trades, you have you have to make at least 25,6% return to be eligible for a Gauntlet refund (6,4% DD from starting balance vs 25,6% return from starting balance is 1:4). The DD you have experienced from the highest point is used by Helios to evaluate your overall performance to calculate the offer you will receive, in this example your overall performance would be 25,6% return with 10% DD ($26000-$2600).

RDK91 

Yes, Alex was right about the DD calculation for the refund, and my explanation was correct about DD being used from highest point to calculate the final offer you receive. Both a little wrong and a little right Glad it is all clear now! Based on this almost everybody should be able to get a Gauntlet refund

I could care less about the refund. I care about the offer. Although good to know. I still think the DD offer based on peak balance makes less sense. I could just make profit for 1 point in ES as my last trade for the evaluation taking me to my highest point in account balance and never seeing a drawdown.

oneuptrader 

I could care less about the refund. I care about the offer. Although good to know. I still think the DD offer based on peak balance makes less sense. I could just make profit for 1 point in ES as my last trade for the evaluation taking me to my highest point in account balance and never seeing a drawdown.

No, you probably still experienced a draw down previously.
You went trough a draw down and this draw down doesn't go away in the stats once you recover.
The draw down from high mark is needed to calculate how much risk you took to reach the return you ended up with.

The high mark draw down is calculated from every single trade you do, not only the last one.

It doesnt work that way bro.
The trailing DD from your previous highest balance will be considered in yr example

e.g you hit 28k bal, then DD 1k but ended Gauntlet 28010 or something
that 1k DD will be the trailing DD they will consider, against your final profit of (28010 - 25000 = 3010)

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oneuptrader 

I could care less about the refund. I care about the offer. Although good to know. I still think the DD offer based on peak balance makes less sense. I could just make profit for 1 point in ES as my last trade for the evaluation taking me to my highest point in account balance and never seeing a drawdown.

dyst 

It doesnt work that way bro. The trailing DD from your previous highest balance will be considered in yr example e.g you hit 28k bal, then DD 1k but ended Gauntlet 28010 or something that 1k DD will be the trailing DD they will consider, against your final profit of (28010 - 25000 = 3010) ==========

If you have 28K and you lose 1K then you lost 3,57%.
So if you then go back up to 28K you have made 3K which is 12% with a draw down of 3,57%.

There are the numbers Helios will use to calculate your offer.
So yes your example above is correct, i just wanted to give the percentages since this is also how Helios will calculate it.

dyst 

It doesnt work that way bro. The trailing DD from your previous highest balance will be considered in yr example e.g you hit 28k bal, then DD 1k but ended Gauntlet 28010 or something that 1k DD will be the trailing DD they will consider, against your final profit of (28010 - 25000 = 3010) ==========

This is all dumb to me. If you are profitable, who cares? Especially if you are making money and never putting the account at any real risk.

oneuptrader 

This is all dumb to me. If you are profitable, who cares? Especially if you are making money and never putting the account at any real risk.

That is why they need to know the high point DD, to calculate how much risk you took ..
For example, you start the Gauntlet with 25K, you make 10K and get the account to 35K, then you lose the 10K again and at the end of the Gauntlet you managed to end up with 28K.

In this example you made 3K (12%) but you lost 10K (28,57% from 35K) from the highest point of your account.
You made some money, but you lost much more, that is what they need to know.

I know of a lot of people from my old slack, no SL types doing TST on biggest account?
Well they will sit through -2k DD to breakeven sort or get 1 tick profit on ES... lol.
And keep martingale or average to hit their profit target, but I think e2t can prob see that and are trying to weed out those folks here, hence their analytics

RDK91 

That is why they need to know the high point DD, to calculate how much risk you took .. For example, you start the Gauntlet with 25K, you make 10K and get the account to 35K, then you lose the 10K again and and the end of the Gauntlet you managed to end up with 28K. In this example you made 3K (12%) but you lost 10K (28,57% from 35K) from the highest point of your account. You made some money, but you lost much more, that is what they need to know.

dyst 

I know of a lot of people from my old slack, no SL types doing TST on biggest account? Well they will sit through -2k DD to breakeven sort or get 1 tick profit on ES... lol. And keep martingale or average to hit their profit target, but I think e2t can prob see that and are trying to weed out those folks here, hence their analytics

Yeah, the advantage of TST is they only calculate draw down etc at the end of the trading day.
OneUp trader uses open equity and i think E2T also uses open equity, however the advantage E2T has is that the 10% draw down to lose the account does not trail along with profits made, with OneUp it does.

RDK91 

That is why they need to know the high point DD, to calculate how much risk you took .. For example, you start the Gauntlet with 25K, you make 10K and get the account to 35K, then you lose the 10K again and at the end of the Gauntlet you managed to end up with 28K. In this example you made 3K (12%) but you lost 10K (28,57% from 35K) from the highest point of your account. You made some money, but you lost much more, that is what they need to know.

I get it man.


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