Maximum drawdown statistic?

I am wondering about all the performance charts on myfxbook with the ‘maximum drawdown’ statistic. I am guessing that this stat does not take into account the amount that margin in account will go down simply by placing trades, even before any price changes? For example, if my max drawdown is 10%, the max drawdown in my leverage will be greater than 10% because the extra leverage is taken by simply holding positions. Or am I getting this wrong somehow? Thanks for any thoughts.

If the stats are based only on exchange rate movement and don’t factor in leverage, then essentially you’d need to multiply through by the leverage you’re using.

That isn’t normally relevant to drawdown calculations, [I]per se[/I], because (unless specified otherwise) drawdown is usually calculated on the basis of closed positions only. Anything different will usually be specified as “current open position losses”. On “social trading sites”, accounts that have not yet [I]closed[/I] a trade, however appallingly badly they might be doing with their open positions, are often shown as having “no drawdown”.

The difference between drawdown and maximum adverse excursion (MAE). The latter is open-position drawdown.