Step-by-Step Drawdown Calculation
- Log into Tradovate Access your account by logging into Tradovate at https://trader.tradovate.com/welcome.
2. Access the Equity Button Once logged in, locate and press the Equity button in your account view. This will display your current account value, an essential component for calculating your drawdown.
3. Calculate Drawdown Threshold Use the following formula to determine your drawdown threshold, also known as the Auto Liquidation Threshold:
Account Value−TR.MAX DRAWDOWN=Auto Liquidation Threshold
Here:
- Account Value is the total equity in your account as shown by pressing the Equity button.
- TR.MAX DRAWDOWN represents the maximum allowable drawdown for your account type. This value is critical to determining when your account might face auto-liquidation.
The result of this calculation gives you the threshold at which your account will be automatically liquidated if reached.
Additional Resources
For more detailed instructions, visit the Tradovate Account Module Guide, which provides in-depth information on tracking and managing your account balance within Tradovate.