Does anybody here have a good web site that has a Kelly calculator? I am looking for a web site that I can just fill in the percent winning trades and the average win average loss.
I have not seen one or looked for one, but...why do you need one? By the time you calculate the % return for wins and losses, you are most of the way there:
k = (((1+r)*p)-1)/r
where r = mean % return on wins/mean % return on losses
and p = probability of a win
Assuming you risk the same amount or % on each trade
Does anybody here have a good web site that has a Kelly calculator? I am looking for a web site that I can just fill in the percent winning trades and the average win average loss.
Once you have reduced the information to, "percent winning trades and the average win average loss", only, the Kelly Ratio can no longer be determined.
