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Thread: newbie help

  1. #1
    Join Date
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    Default newbie help

    just signed up today chose 5 credit system 27 bets all winners so good start,but what does draw down actually mean?

  2. #2
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    Hi & welcome

    A draw down is the drop from a high point to a low point before it goes up again. If you look at any system or portfolio in Bethawk Config you will see a section shaded blue. This section shows the biggest draw down period.

    Here's an example.

    Open Bethawk Config and look at the graph for Luxor 17 as that gives a good example of it.

    You can see that the graph reaches a high point on Thursday 12th May 2016 of 503.95pts. That is the highest it has been up to that date.

    It then has a bad period, dropping points until it hits it's lowest point following the high point on Friday 12th August where it hits 199.85 points.

    The difference between these two points is the draw down. This continues to be the draw down until a bigger drop is seen.

    It means that if you had started to use Bethawk on the 12th May and chosen to run only that system you would have lost over 300 points before you started to make a recovery. That would have been bad timing of course but if you had stuck it out you would now be 150 points up.

    Not sure if that explains it well enough so please let me know if it doesn't.

    Keith

  3. #3
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    Default

    Thanks for the explanation Keith. Can you recommend a good resource for beginners please?

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