Equity Drawdown Watch

This diagram maintains an equity curve from strategy P&L, keeps a persistent peak, logs each new drawdown breach once, and runs a deliberately sparse protected long cycle so the monitored account values move during a backtest.

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Strategy Overview

Finished five-minute BTCUSDT candles provide the single sampling clock. A parallel Best Bid Level 1 subscription keeps live unrealized-P&L valuation active between candle samples.
P&L change updates silent realized and unrealized latches at its native event rate. Each finished candle releases both latest values with Start Balance into Equity = Start Balance + Realized P&L + Unrealized P&L exactly once.
max(stored peak, equity) maintains the all-run equity peak. Formed-only Highest(2) confirms that monotonic peak stream and introduces one sample of warm-up without shortening the peak history.
Drawdown is (Peak - Equity) / Peak * 100. Comparison verifies Drawdown >= Drawdown Alert, while Crossing and a Boolean latch forward only a new upward threshold crossing to the log.
Modify position opens one market long from flat. Absolute protection closes it, and a 1,440-candle timer permits the next entry only after five days of subsequent five-minute candles.

Entry and Exit Rules

Long entry: After Highest(2) is formed, an available entry Flag releases Volume 1 to a Buy, OpenPosition, MarketOrder Modify position block. The first entry is therefore attempted on the second finished candle.
Short entry: The diagram does not open short positions. Sell trades are protective exits from the long position.
Exit: Position protection submits a market exit after a favorable move of 0.04 or an adverse move of 0.03 in absolute price units. The entry fill starts the 1,440-subsequent-candle cooldown; the timer, not the exit fill, resets entry readiness.

Parameters

Parameter	Default	Description
BTC Data Security	BTCUSDT@BNBFT	Instrument used by the Candles, Level 1, and Strategy trades subscriptions. Set Strategy Security to the same instrument for transactions and P&L.
Candle Series	00:05:00	Finished candle interval and the clock for equity samples and cooldown steps.
Start Balance	1000	Baseline added to realized and unrealized P&L when equity is calculated.
Peak Confirmation Length	2	Highest length over the monotonic persistent-peak stream; it delays trading until the second sample.
Drawdown Alert, %	1	A log is written when drawdown reaches or exceeds this level from below.
Volume	1	Quantity of every long entry.
Entry Cooldown N	1440	Number of subsequent finished five-minute candles between permitted entries, equal to five days.
Take Distance	0.04	Favorable absolute price distance that closes the long at market.
Stop Distance	0.03	Adverse absolute price distance that closes the long at market.

Diagram Details

The BTC Variable feeds finished Candles, Best Bid Level 1, and Strategy trades. The trading blocks use Strategy Security and Strategy Portfolio.
Silent Variable latches separate the event-driven P&L change stream from the candle clock. Their fixed release order gives each Formula one complete, same-candle input set.
The persistent peak starts at zero, so changing Start Balance remains valid. The max Formula updates that state before its monotonic output enters formed-only Indicator Highest(2).
Comparison and Crossing receive the threshold and drawdown in a fixed order. A false recovery crossing is ignored; a true rising crossing releases the saved percentage through String Formatter to a Log Notification.
The cooldown Delay block consumes each candle before any same-candle decision. A Buy fill arms N = 1440, and its output resets the entry Flag before the eligible candle reaches Highest.
The Buy Modify position fill initializes local Position protection. The chart shows candles, sampled equity, peak, drawdown, both P&L components, entry fills, protective fills, and all strategy fills.

Usage

Import the .json file into Designer, set Strategy Security to BTCUSDT@BNBFT, and run it on the packaged March history. Verify the equity scale, absolute protection distances, alert percentage, and five-day cooldown for your instrument before using the diagram with live trading.