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Old 2008-11-15, 02:05 PM   #11 (permalink)
Ken Long
Pip Sergeant
 
Trader for 2 - 4 years
Location: Cambridge, MA
Posts: 331


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Quote:
Originally Posted by geekguy View Post
Equity drawdown matters, but depending on the strategy, it may be anticipated and normal operation of the EA, specifically when using Grid or Oscillation strategies.

Equity drawdown certainly does matter. This is a spot market and all equity changes should be applied directly to the account balance. There is no need to close an order to have full access to any profits or losses.

This seems to be something that only MT4 does. For the direct benefit of the robots accounting. It allows them to hold open trades indefinately without the drawdown showing on the account balance. An unrealistic situation in real life.
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