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Tomasz,
Keep on keeping on !! We all love you !!
Rick
-----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:
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>
> 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
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