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Best risk management and position sizing optimization software for retail traders?
- Thread starter TradeTune
- Start date
This is what I was looking for! thank you.Amibroker is decent too..
This is what I was looking for! thank you.
Are you sure? I think you need to double check, i couldn't find any position sizing implemented within the platform itself (You have to code it ) and not sure if you can optimize it. I know that feature is there in Trade station optimizer, but also first you need to code them.
I'm not the original poster I just came about this thread by accident and I needed something like this!Are you sure? I think you need to double check, i couldn't find any position sizing implemented within the platform itself (You have to code it ) and not sure if you can optimize it. I know that feature is there in Trade station optimizer, but also first you need to code them.
WOW.Anyone Using this and what's your experience?
http://www.adaptrade.com/MSA/index.htm
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Here is one view from a retail perspective:Hi all,
I'm new to trading again but They say no strategy works if does't include risk % and position sizing implemented in it.
Looking at 90% or more of strategies in market, they don't tell you how much you have to % risk stop and how much % capital in each trade.
I'm willing to learn, what are best softwares in market, which can give you idea around how to build your own money managment for your portfilio? Like adaptrade or something esle ? Thank you
How much % capital in each trade and your risk of ruin depend on your Kelly (positive expectancy). No strategy works if it doesn't have positive expectancy otherwise the position size is zero.
So first order of business is make sure your recipe has positive expectancy. Once you are sure, then as a retail, any general rule of thumb from ET experts on risk management and position size should suffice.