[EquisMetaStock Group] Re: Expectancy Vs Money Management

[chichungchoi <no_reply@xxxxxxxxxxxxxxx>]

Hi Andrew:
  Will the coding language for TradeSim be different from the coding 
language for Metastock?  Do you find TradeSim ready to use without 
too many software bugs as working with Metastock?
Thank for your suggestion
Regards
Eric


--- In equismetastock@xxxxxxxxxxxxxxx, "Andrew Tomlinson" 
<andrew_tomlinson@xxx> wrote:
>
> 
> Check it out at http://www.compuvision.com.au/
> 
> You generate the trade signals for the portfolio in Metastock and 
then
> export them to TradeSim where the signals get processed and 
analyzed. You
> can do fixed, % or volatility based position sizing. Only problem 
is that
> the Enterprise version (Monte Carlo, very cool) is pricey. There is 
good
> forum level support.
> 
> Best
> Andrew
> 
> 
> 
> -----Original Message-----
> From: equismetastock@xxxxxxxxxxxxxxx 
[mailto:equismetastock@xxxxxxxxxxxxxxx]
> On Behalf Of chichungchoi
> Sent: Thursday, April 20, 2006 7:57 PM
> To: equismetastock@xxxxxxxxxxxxxxx
> Subject: [EquisMetaStock Group] Re: Expectancy Vs Money Management
> 
> Hi Andrew:
>   Does TradeSim provide a tools for analysing the equity curve?
>   How many types of position sizing techiques does it include?
>   Will the code for programming TradeSim be the same as the code for
> Metastock?
> Thank you for your suggestion
> Eric
> 
> --- In equismetastock@xxxxxxxxxxxxxxx, "Andrew Tomlinson"
> <andrew_tomlinson@> wrote:
> >
> > Eric
> >
> > The only way you can do this satisfactorily is to do portfolio
> backtesting
> > with a variety of position sizing rules and see what works for 
your
> style of
> > trading. A program like TradeSim can do this well, and then you
> won't have
> > to guess any more. Just remember to keep it simple so as not to
> mess up your
> > degrees of freedom.
> >
> > Personally I find volatility based position sizing works well.
> >
> > Andrew
> >
> >
> >
> > -----Original Message-----
> > From: equismetastock@xxxxxxxxxxxxxxx
> [mailto:equismetastock@xxxxxxxxxxxxxxx]
> > On Behalf Of chichungchoi
> > Sent: Thursday, April 20, 2006 6:29 AM
> > To: equismetastock@xxxxxxxxxxxxxxx
> > Subject: [EquisMetaStock Group] Re: Expectancy Vs Money Management
> >
> > Thank you for your reply
> >
> > As you suggested, there is a complicated relationship among 
reward,
> risk and
> > position sizing.
> >
> > Which approach will be better to balance between risk and reward?
> > Should I compare Expectancy [Reward] vs Max. Drawdown [Risk] or
> Profit
> > [Reward] vs Max. Drawdown [Risk]?
> > Do you have a better selection to balance between risk and reward?
> >
> > If I get a group of indicators and test each of them to determine
> their
> > reward and risk levels, the purpose is to select the most
> appropriate one
> > for existing situation. Ideally, high expectancy will increase the
> chance
> > for profitable trading, and low drawdown will increase the 
exposure
> of
> > position sizing.
> >
> > Do you have any idea on how to balance among three factors in 
order
> to get
> > the most benefit from trading strategies?
> > Reward, Risk and Position Sizing
> >
> > Do you have any suggestion?
> > Thank you
> > Eric
> >
> 
> 
> 
> 
> 
> 
> 
> 
> Yahoo! Groups Links
>






 
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