Specifically, I would like to limit the losses or profits for the day if the draw down is -300. So, I am using a formula in the Excel export that states if DD is less than -300 then cuml profit for that day is -300 otherwise use the profit generated from the back test.
Can someone let me know if this is accurate? I think I will be missing some profits from using the formula because there could be a case where the strategy is up 1000 then goes down to 700 and the formula will show a -300 profit for the day. And, this is fine but I am more concerned if by using this formula I am including profitable days when the actual real time DD filter will result in a lose. I cant seem to think of a scenario this will happen.
But, I would appreciate some thoughts from more seasoned traders and NT users/admins.
Thanks,
Joe
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