Yes. Could be critical for heavy leverage or flash-crash like events -
although its hard to back test black-swans.

On Sat, Jan 12, 2013 at 4:35 PM, Eugene Kononov
<[email protected]> wrote:
>
>> I think the larger issue is the fact that JBT has no notion of
>> instantaneous draw-down.
>>
>
> What's instantaneous draw-down? Do you mean the max DD while the trade is
> open?
>
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