Keyword Description
Category-related / Category-legal.
Class
Function
Where Legal
Resources |
Entry Logic |
Exit Logic |
Initial Size |
Resize (Pre-Category) |
Resize (Category-Level) |
|
|
|
l |
l |
l |
Syntax
TOTALDRAWDOWN
Return Value
Returns the total drawdown (reduction in total equity from the previous high) of all systems combined. A return value of 13.79 means that at this moment, the portfolio's equity has fallen 13.79 percent from it's previous high.
Example
Sample code
IF TOTALDRAWDOWN < 20 THEN NEWCONTRACTS = MEMORY[1] ELSE NEWCONTRACTS = MY_POSITION_SIZE
' Mechanica interprets TOTALDRAWDOWN < 20 to mean TOTALDRAWDOWN < 20%
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Must be used in it's verbose form within Categories. That is, use the entire word, "TOTALDRAWDOWN" since there is no "DRAWDOWN" Category keyword. |
