Drawdown

Daily loss vs trailing drawdown — how to read Hextrade portfolio curves before you scale size.

Drawdown is the drop from a peak in equity. Two numbers get confused:

Term	Measured from	Typical use
Daily loss	Start of the trading day	Prop daily cap. Resets (or does not) per firm rules.
Trailing / max drawdown	Highest equity (or balance) so far	Prop trailing lock. Personal risk budget.

An algorithm can be green for the month and still breach a daily-loss cap on one bad morning.

How to inspect it on Hextrade

Open Portfolio and add the algorithms you plan to run together.
Use Cumulative P&L for the long-run curve and depth of dips.
Use Calendar for single-day clusters — that is what daily-loss rules feel like.
Run the optimizer only after you accept the drawdown shape, not before.

Tip

Prefer a smaller, smoother mix over a higher-return stack that needs one extra mini to “catch up.”

Prop firm rules

Overview