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Tomasz,
I think we all sometimes get lost in the maze of features that are
either already found in, or will at some time or other find their way
into, AB. Perhaps a much shorter list of things that you DON'T plan to
add to AB would be easier for all of us to maintain! ;^)
BTW, when....<ooops!>
Regards,
Mark
» -----Original Message-----
» From: Tomasz Janeczko [mailto:amibroker@x...]
» Sent: Thursday, 31 October 2002 5:19 PM
» To: amibroker@xxxxxxxxxxxxxxx
» Subject: Re: [amibroker] Dynamic Money Management
»
»
» Al,
»
» Excuse me but how many times will ask the same question?
» I know how TR program works. And I already wrote that in the future
» AB will support TR-style operation. That's all I have to say.
»
» Best regards,
» Tomasz Janeczko
» amibroker.com
» ----- Original Message -----
» From: "Al Venosa" <avcinci@xxxx>
» To: <amibroker@xxxxxxxxxxxxxxx>
» Sent: Wednesday, October 30, 2002 9:28 PM
» Subject: [amibroker] Dynamic Money Management
»
»
» > Tomasz:
» >
» > Yesterday, I posted a message on Van Tharp's forum about
» your plans
» > to incorporate innovative money management and pyramiding
» techniques
» > in a future version of AB. Below is a response from a
» user of Trading
» > Recipes, who claims that TR is the only software that handles MM
» > corrrectly. Here is what he said:
» >
» > "It DOES position sizing. the RIGHT way. I own the
» program and it is
» > GREAT. It took me about 5 minutes to get over the fact that it is
» > still a DOS based app. But it's really the ONLY tool that
» does it the
» > correct way.
» >
» > I talked to AmiBroker about 6 months ago, and they told
» me the same
» > thing. Plus once they do release the program with
» position sizing, it
» > still has to be proven that they have done it right.
» >
» > There are three other companies that I know have that
» have tried to
» > do position sizing. Two of them got it wrong.
» www.rinasystems.com and
» > www.bhld.com
» >
» > The third is the athena program that is mentioned in
» Van's book. I
» > haven't ever had the privilege of playing with that
» program, but I
» > believe I read somewhere that it used output files from trade
» > station. So, it would also fall into the category of a
» program that
» > isn't truely implementing position sizing at the
» portfolio level like
» > Trading Recipes does."
» >
» > To explain what he meant by doing it 'the right way',
» here is what he
» > said:
» >
» > "TRADING RECIPES' approach lets you combine trading
» signals and trade
» > sizing strategies into simulations which exactly mimic
» the way you
» > would trade in real time. A core feature, which sets it
» apart from
» > all other "money management" (or backtesting) software, is its
» > ability to perform dynamic money management (DMM) and
» risk control at
» > the portfolio level. With DMM, position sizes are determined with
» > full knowledge of what's going on at the portfolio level at the
» > moment the sizing decision is made. Just like you do in reality.
» > Other software packages simply sum individual
» pre-calculated equity
» > curves. This way, position sizes are calculated with no
» knowledge of
» > what the current portfolio conditions are at the crucial
» moment when
» > a position sizing decision is to be made. This is not how
» you would
» > make decisions in reality and therefore such simulations offer no
» > useful information to the trader. DMM avoids this pitfall."
» >
» > TJ, will your approach be able to do DMM as described above?
» > Personally, I have no desire to use any program based on
» DOS. I think
» > the position sizing algorithm now included in AB does almost what
» > this guy describes except for scaling in and out of
» trades and basing
» > one's decisions on the value of the entire portfolio of multiple
» > stocks rather than a portfolio of one stock.
» >
» > Al V.
» >
» >
» >
» > Post AmiQuote-related messages ONLY to: amiquote@xxxxxxxxxxxxxxx
» > (Web page: http://groups.yahoo.com/group/amiquote/messages/)
» >
» > Check group FAQ at:
» http://groups.yahoo.com/group/amibroker/files/groupfaq.html
» >
» > Your use of Yahoo! Groups is subject to
» http://docs.yahoo.com/info/terms/
» >
» >
» >
»
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