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Articles
Each article opens with the direct answer and then goes into the detail. The figures come from the same backtest the console runs on, and update with every new run.
Drawdown and underwater period: two numbers that get confused
Maximum drawdown is the largest distance an account falls from its own highest point, stated as a percentage. The underwater period is how long the account stays below that previous high, stated in days. The first tells you how deep the loss was; the second tells you how long it took to recover — and it is usually the second that makes a trader give up on a system.
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