Updraw / Drawdown

The Updraw and Drawdown are similar to the MAE and MFE but they measure how close the price came to your target (Updraw) and your stop loss (Drawdown) and provides a %-figure.

For example, if you see that your average Drawdown on your winning trades is 40% or lower, it means that the price does not come close to your stop loss.

The Updraw/Drawdown will only work properly in your journal when all trades have an initial stop loss and an initial take profit value.