|From JTAWiki, a project by J Talon LLC|
This parameter sets the maximum drawdown percentage allowed from open trades on the portion balance allocated to the chart before all open trades are closed. For example if you have a chart with a Portion Balance of $1,000, and the open trades are showing a loss of $500, then with MaximumDDpc set to 50 the EA will close all open trades (Loss / Balance = $500 / $1,000 = 50%).
The value of your Account Balance less any losses from open trades is known as the Account Equity, so this is also known as an Equity Protection (EP) hit.
Default is 50
|Disclaimer||Copyright © 1995-2016 J Talon LLC, All rights reserved|