Simplified algo for calculating relative DD?

Quoting Pipologist

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Looking for a simpler way to calculate relative DD based on EQUITY PEAKS within an existing EA. Saw this page https://www.mql5.com/en/articles/1403 but it has many calcs not needed and it seems to only calculate relative dd based on Balance peaks instead of equity peaks. Any math/coding gurus here who can simplify this... ? In the end, would like to simply say: if (RelativeDD > percent) CloseOpenTrades Again, calculating relative dd based on EQUITY peaks between (while there are) open trades. Big difference. Had some ideas posted on ff...

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Quoting VEEFX

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{quote} YES! Finally someone thinking in the right direction! This is complex logic for sure bro and very hard to implement. All idiots talk about balance when it comes to drawdowns which is so retarted. The meat is with the equity curve when there are positions running on profit or loss. My stategy is based always on mathmax(account deposits,peak equity, start of accounting period). If you think out of the box on how this shit works, you will know how to tackle maxDD, you will know how to recover from it without increasing position size or adding...

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Quoting Pipologist

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{quote} Not into martingale, always use position sizing based on equity so no problem there. Have tried global variables to track this without success, but unless there are better solutions thinking solution lies in tracking equity in an array (as in an indicator) and then tracking the HH of the array on a daily basis that's the only way to back test this I think. However, I want to track peak equity only while trades are on and calculate the percentage down from peak to exit trades to see if it has an edge on my existing mm algos. The basic underlying...

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Quoting Pipologist

Disliked

{quote} Not into martingale, always use position sizing based on equity so no problem there. Have tried global variables to track this without success, but unless there are better solutions thinking solution lies in tracking equity in an array (as in an indicator) and then tracking the HH of the array on a daily basis that's the only way to back test this I think. However, I want to track peak equity only while trades are on and calculate the percentage down from peak to exit trades to see if it has an edge on my existing mm algos. The basic underlying...

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In globals:
int CheckSeconds = 10; // or whatever
static double equityhigh;
In onInit:
equityhigh = AccountEquity();
In onTick:
bool new_check = false;
static datetime recheck_time = 0;
if (TimeCurrent() >= recheck_time + (CheckSeconds))
{
   new_check = true;
   recheck_time = TimeCurrent();
}
if (new_check)
{
   if (AccountEquity() > equityhigh)
   {
      equityhigh = AccountEquity();
   }
   new_check = false;
}

In globals:
int CheckSeconds = 10; // or whatever
double equityhigh;
In onInit:
if(GlobalVariableCheck("eqhigh") == false) GlobalVariableSet("eqhigh", AccountEquity());
equityhigh = GlobalVariableGet("eqhigh");
In onTick:
bool new_check = false;
static datetime recheck_time = 0;
if (TimeCurrent() >= recheck_time + (CheckSeconds))
{
   new_check = true;
   recheck_time = TimeCurrent();
}
if (new_check)
{
   if (AccountEquity() > equityhigh)
   {
      equityhigh = AccountEquity();
      GlobalVariableSet("eqhigh", equityhigh);
      GlobalVariablesFlush();
   }
   new_check = false;
}

Quoting sakisf

Disliked

{quote} Simple: Check the test file (EA). {file}

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Quoting Pipologist

Disliked

{quote} Thanks will look into it. Actually tried inserting some of that code into an EA I'm working on and not sure if it is working for me at the moment. Not saying that the EA is faulty, it's me. I intend to take a closer look when I have some extra time. By the way...it's not really simple as you say. Your coding has really come a long way. NICE.

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Quoting sakisf

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{quote} I meant simple way to do without GVs but this won't hold any values if you restart MT4 or initialize the indi. If you want you can show me via pm which parts you might need fixing. I have it (the EA) on my charts atm, the faulty parts are the max loss & max profit of active trades - they need some fixing with regular checking of total order number and order history checking because when you close only one of the trades in profit / loss they get messed up, just didn't bother to fix it as you didn't ask for it originally.

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Quoting Pipologist

Disliked

Again, calculating relative dd based on EQUITY peaks between (while there are) open trades. Big difference.

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// on tick:
if(OrdersTotal() == 0)
{
    equity_high = AccountEquity();
}
else if(AccountEquity() > equity_high)
{
    equity_high = AccountEquity();
}
relative_dd_pc = (equity_high - AccountEquity()) / equity_high * 100;