Drawdown calculation different from MetaTrader?
Hello,
I noticed that the drawdown displayed for my account on MyFxBook differs from the figure shown to me by MetaTrader. Are different calculations being used here?
The MT5 report for the entire period without open positions tells me:
Balance Drawdown Maximum: 9,459.92 (8.80%)
MyFxBook tells me:
Drawdown: 9.46%
The difference is due to different calculation methods and is not a data error.If you want it to match MT5 exactly, you can select the Balance Drawdown type in the MyFxBook settings.
rom0x posted:Hello,
I noticed that the drawdown displayed for my account on MyFxBook differs from the figure shown to me by MetaTrader. Are different calculations being used here?
The MT5 report for the entire period without open positions tells me:
Balance Drawdown Maximum: 9,459.92 (8.80%)
MyFxBook tells me:
Drawdown: 9.46%
Yes, the difference may be due to the way each platform calculates drawdown. MyFxBook and MetaTrader may use different calculation methods, reporting periods, or equity and balance data. Open positions and floating profits or losses can also affect the figures.
To make an accurate comparison, you’ll need to check whether both reports use the same drawdown type and reporting period.
