
Help me understand max drawdown please
Looking into copy trading and im trying to pick ones with low risk but I must not be understanding what Max drawdown means. I assumed it was the lowest their unrealised P/L had been at any one point as a % against their balance.
If that is the case, at -$614 their max drawn down should be like -1.5% not -0.78%.
So am I understanding it wrong or is this platform not reporting it correctly to make their traders look less risky?