If i do a quick test on the US500 cash 50$ mini i get the following result.
I reduced the positionsize to 1 (yours was 4×2). I also took 0.4 spread. But this is between tradinghours, not when it opens at 01.00 hours in the morning. Than the spread is 0.6.
https://www.ig.com/nl/cv-indices
The DD is now reduced to 15%.
