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Re: Trading Systems Development Tools



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> TS may show you that you may see a $5K
>maximum intraday drawdown but MCS will tell you that the probability of you
>seeing that is 50% (which means that you may have to have a bigger account
>size). It will also tell you that the probaility of a $8K drawdown may be
>less than 5%.  So you're better off being forewarn that a $8K drawdown is a
>more realistic worst case scenario (i.e., 95% of the time, you're not
likely
>to see a $8K drawdown but it helps to plan for it.).


The numbers I'm using ar for T bonds. Not S&Ps.

>I highly recommend that you get this is it is reasonably well priced at $17
>for the back issue (MJ 98) that contains the code. And if you're really
into
>such esoteric things, there's an Advance MCs for $75.


He has a more thorough explanations on MCS at his website.  He can
definitely explain the concepts of MCS better than I  can.
WWW.InsideEdgeSystems.Com