Max drawdown reached 99.8% (peak 2026-07-03, trough 2026-07-21). A repeat of this drawdown could be unrecoverable.
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Risk increases after losses
After two or more consecutive losses the average position size grows by 56% (0.08 lots vs the usual 0.05). Scaling up after losses is a martingale pattern that multiplies drawdowns.
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The real drawdown is deeper than it looks
Max equity drawdown reached 99.8%, while the balance curve shows only 38.2%. The gap is the floating loss of open positions that the balance curve hides.