Max Drawdown Tracker for Traders
Monitor your maximum drawdown and recovery factor. Essential for risk management and prop firm compliance.
Max drawdown is the largest peak-to-trough decline in your account equity. It measures your worst-case scenario. If your max drawdown is $5,000 on a $50,000 account, that's 10% — meaning at your worst point, you gave back 10% from your peak.
Recovery factor = Total Net Profit / Max Drawdown. A recovery factor of 3.0 means you made 3x what your worst drawdown was. Below 1.0, your profits haven't exceeded your worst losing streak. Professional traders aim for 3.0+.
Tracking drawdown in real-time is essential for prop firm trading. Your journal should show: current drawdown depth, days in drawdown, and comparison to your maximum allowed drawdown. When you're in a drawdown, reduce position size — don't increase it to "catch up."
The average retail futures trader experiences a max drawdown of 20-30% before either quitting or adjusting their approach. If you can keep your max drawdown under 10%, you're outperforming 80% of retail traders.
What TradeRipper Gives You
- Auto-capture for Tradovate on TradingView
- CSV import for any broker
- Real-time psychology tagging
- 14+ analytics charts
- Trade review workflow
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Frequently Asked Questions
How does a trading journal help?
A journal reveals patterns in your trading that are invisible without data: which setups work, how emotions affect your P&L, and whether your discipline is improving over time.
Is there a free trial?
TradeRipper offers 7 days of full access, no credit card required. But you can also start with a free spreadsheet — the tool matters less than the habit.