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Dale,
I understand and appreciate the credit you are giving to me.
Thank you.
Best regards,
Tomasz Janeczko
amibroker.com
----- Original Message -----
From: "dingo" <dingo@xxxx>
To: <amibroker@xxxxxxxxxxxxxxx>
Sent: Thursday, October 31, 2002 3:34 PM
Subject: RE: [amibroker] Dynamic Money Management
> I ("we" if I may be so presumptuous) clearly understand you and the time
> pressure you're under. I was just trying to get you to understand what's
> going on with your fan club. I say fan club because you surely realize
> that you have the unique distinction amongst TA software vendors of
> havning a customer base that is more of a fan club and how jealous those
> other vendors must be!
>
> Personally, I have the utmost faith in you. You like to rise any
> challenge and exceed even the most demanding expectation.
>
> Quivering with anticipation...!!
>
> d
>
> -----Original Message-----
> From: Tomasz Janeczko [mailto:amibroker@x...]
> Sent: Thursday, October 31, 2002 9:22 AM
> To: amibroker@xxxxxxxxxxxxxxx
> Subject: Re: [amibroker] Dynamic Money Management
>
>
> Hello,
>
> Excuse me but asking over and over the same question does not speed
> up the development even a bit. In fact it slows it down.
> I am bringing as many new features as I can.
> Some people are exited about DMM some others are exited about
> charting some others are exited about new feeds and some others are
> exited about SDK.
>
> Unfortunatelly I have limited resources and I can not
> deliver "instant" satisfaction in all areas people are exited about.
>
> Frankly speaking TR model is not as good as some "TR-evangelist"
> preach. Some limitation is mainly caused by the fact that TR model
> applies money
> management AFTER backtest.
>
> I won't dig into this now because of lack of time.
> Anyway new backtesting engine will allow all that TR allows plus more.
>
> BTW: TR sells for $2295 (http://www.tradingrecipes.com/order.html)
>
> Best regards,
> Tomasz Janeczko
> amibroker.com
> ----- Original Message -----
> From: "dingo" <dingo@xxxx>
> To: <amibroker@xxxxxxxxxxxxxxx>
> Sent: Thursday, October 31, 2002 2:26 PM
> Subject: RE: [amibroker] Dynamic Money Management
>
>
> > That's a little harsh, TJ.
> >
> > I think everyone is very excited about the new MM plans and are
> waiting
> > with nervous anticipation for what we all hope will be the finest MM
> > feature in any TA product. Hence all the questions. Sort of like
> when
> > you were a child and got excited about a new toy that your parents
> > hinted at but didn't tell you all of the details.. It made you more
> > excited and more curious.
> >
> > It's a very exciting time in AB land!
> >
> > dingo
> >
> > -----Original Message-----
> > From: Tomasz Janeczko [mailto:amibroker@x...]
> > Sent: Thursday, October 31, 2002 2:19 AM
> > 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/
> > >
> > >
> > >
> >
> >
> >
> > 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/
> >
> >
> >
> >
> >
> > 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/
> >
> >
> >
>
>
>
>
> 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/
>
>
>
>
>
> 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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