Abbreviation: PositionDrawdown
Category: Trading Strategy: System Information
Input Parameters:
| Name | Range | Default |
| Trading Strategy | ||
Calculation:
(shares traded) * [(entry price) – (worst price during the trade)]
Note that the entry price incorporates any specified slippage and/or point value.
Discussion:
Returns the open trade losing equity. When graphed, provides a useful means of analyzing, troubleshooting and improving a trading strategy.