On 2003-10-20 16:55, crash wrote:
The theory sounds good Stebbo, but what bothers me is if you put your system into a graph form of peaks and troughs, the problem becomes when to enter the graph with bet 1

Hi Crash,

the point you make is the exact thing that my MaxDD measures. My MaxDD is the largest value between ANY peak and a subsequent trough. I do this for exactly the reason you state... where I enter a series of bets will determine my required bank, and that pr1(< Murphy has predetermined that I always enter a series the very bet AFTER a bank high, and the bank is about to enter a long period of drawdown.

Cheers,
Chris.