Every number on this page is the bad kind. The deepest hole the strategy has dug, the year it lost money, the longest run of losing trades, and - the one that actually breaks people - how long it stayed underwater before it made a new high.
If you are deciding whether to trade this, these are the figures that matter. The good months are on the stats page and they are not what will make you quit - though the best of it is on its own page, built from this same export, so you can read both.
Read that second box again. The 2024 drawdown took 122 days to fall and did not make a new high for 359 days - just under a year. Nothing was broken. The strategy traded exactly as designed the whole time. That is simply what a drawdown is, and anyone who cannot sit through one should not trade this or anything like it.
See every leg that closed between 2024-04-12 and 2024-08-12 →That list sums to slightly less than -10,115p: the drawdown is measured trade by trade from the exact peak to the exact trough, while the list is bounded by calendar day, so it also includes the legs that closed on the peak day after the peak and on the trough day after the trough.
10,115 pips at your lot size, and the account you would need for that to cost you 25% rather than everything. Gold pays $10 per pip per 1.00 lot.
| Lot size | Worst drawdown costs | Account to survive it at −25% |
|---|---|---|
| 0.01 | −$1,012 | $4,046 |
| 0.05 | −$5,058 | $20,230 |
| 0.10 | −$10,115 | $40,460 |
| 0.25 | −$25,288 | $101,150 |
| 0.50 | −$50,575 | $202,300 |
| 1.00 | −$101,150 | $404,600 |
This is the worst drawdown on record, not a ceiling. The next one can be worse - fourteen years is a long sample, not every possible market.
The same four categories as the profit breakdown, with the sign flipped - 156,015.3 pips of gross loss across 412 losing legs. The two do not line up the way you would guess.
The biggest single share of the damage - and it should be. This is the trade the whole system is built to take. See all 134 losing legs →
Loses on more than half its legs and still does the least damage - a de-risked add exits at break-even instead of at the stop. See all 184 losing legs →
Loses least often and hurts most when it does. Its 750-pip stop is deliberately wide, which is also why it wins about two thirds of the time. See all 93 losing legs →
A handful of legs in fourteen years. Too small a sample to conclude anything from. See all 1 losing legs →
All five are runners, and all five are 2026. The runner takes 26.7% of the profit and 33.9% of the loss - that is what a deliberately wide 750-pip stop buys you: fewer losers, bigger ones, and the winners it lets run. The stop was chosen by sweeping 500 / 650 / 700 / 750 / 800, not guessed.
3 of 15 years finished negative, and 35 of 119 months - 29% of them. Roughly one month in three loses money. Strip out the partial years and the exceptional 2025-26 trend and a normal year is +2,203p (median of 12), with the middle half landing between +1,159p and +5,595p - the full breakdown is here.
The tallest bar is an exceptional trending year in gold, not a normal one, and the first and current years are partial. Judge the strategy by the middle of the pack: over 2013 - 2024 a typical year landed between +1,159p and +5,595p, median +2,203p.
The worst year in full, with the running total beside each month - the shape of it matters more than the total. Its best month still made +2,102.2p and its worst lost -2,920.8p, and it still finished the year down -3,481.9p. Tap a month for the trades behind it.
| Month | Pips | Running |
|---|---|---|
| February | -1,561.3p | -1,561.3p |
| March | +2,102.2p | +540.9p |
| April | +842.1p | +1,383p |
| May | -2,920.8p | -1,537.8p |
| June | -949.8p | -2,487.6p |
| July | -1,041.1p | -3,528.7p |
| August | -1,626.7p | -5,155.4p |
| September | +2,003.4p | -3,152p |
| October | +677.8p | -2,474.2p |
| November | +247.2p | -2,227p |
| December | -1,254.9p | -3,481.9p |
Months with no closed trades do not appear - the table starts at the first month that traded.
Recomputed from the full record every time this page loads, so a new worst month appears here the moment it closes - nobody has to remember to update it. August 2026 is still running (+7,821.6p so far) and is not eligible until it finishes.
Even the strongest years contain one. Tap any month to see the individual trades behind it.
| Year | Year total | Its worst month | That month |
|---|---|---|---|
| 2026 | +84,604.1p | July | +2,372.6p |
| 2025 | +23,930.1p | July | -4,747.3p |
| 2024 | -3,481.9p | May | -2,920.8p |
| 2023 | +2,011.9p | September | -1,572.4p |
| 2022 | +5,544.5p | January | -1,329p |
| 2021 | +6,131.5p | September | -1,561.5p |
| 2020 | +17,355.9p | May | +5p |
| 2019 | +2,469.6p | November | -1,322p |
| 2018 | +1,973.6p | March | -102.7p |
| 2017 | -2,696.1p | December | -1,666.2p |
| 2016 | -338.3p | February | -2,902.9p |
| 2015 | +1,657.7p | February | -912p |
| 2014 | +2,393.9p | October | -613.4p |
| 2013 | +5,744.5p | September | -2,615.6p |
| 2012 | +3,180.9p | November | -1,681.2p |
Computed live from the same merged record as everything else on this page. The month currently in progress is excluded until it closes.
These are one record split into views. Any single one of them, read alone, is misleading.
Pips today, this week and this month, with the month-by-month breakdown underneath. Recomputed from the log every time the page loads.
The raw record: direction, pips, entry and exit for every trade that has closed. Winners and losers, nothing filtered out.
+149,781 pips, 1.96 profit factor, and where the profit actually comes from - with an honest note on how much of it is one year.
Every call published live, before the outcome was known, with prices published the moment the position closes. Starts at zero and grows with real trades.
Source. v67 export e6047, PEPPERSTONE XAU/USD, 2012-08-22 to 2026-08-24 - 979 closed legs, 150,481.9 net pips. Every figure on this page is computed from that export’s own trade list (entry price, exit price, direction), the same file every other number on this site comes from.
Drawdown is measured in pips at constant position size, peak to trough on closed trades. Dollar figures assume $10 per pip per 1.00 lot and do not include swap or commission. Trading gold can lose you money, including all of it - see the full risk disclosure.