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7

Promising EA and live trading

Hello, I purchsed an EA, and I am trading with the EA on demo accounts on three different brokers' MT4 platform at the same time. I opened my account on 7/13/07 with $50,000 and the EA started trading (10 lots each of GBPUSD) on the same day. As of 7/23/07, my account grew to $79,000+ (almost 60% in

9

Drawdown

Hello, I am new to Forex trading. I am using an EA on demo account which has the following drawdown numbers from back testing. In simple terms, what do those numbers mean? Absolute drawdown 3173.10 Maximal drawdown 6526.50 (74.49%) Relative drawdown 74.49% (6526.50) Thanks