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Hi Jose:
Thank you for your reply, what if I replace position sizing with Max.
drawdown [risk based on specific strategies], then do you know how to
balance between expectancy and Max. drawdown [risk] in order to
select the best strategy for trading?
Do you have any suggestion?
Thank you for your suggestion
Eric
--- In equismetastock@xxxxxxxxxxxxxxx, "Jose Silva" <josesilva22@xxx>
wrote:
>
> Eric, I'm not sure how to answer your question, assuming it is a
valid
> one.
>
> Anyway, position sizing should be a function of risk - simple as
that.
> With correct (risk-adjusted) position sizing in place, selection of
> profitable trading strategies is not an issue anymore, as all risk
can
> then be normalized.
>
> More on this here:
> http://www.metastocktools.com/URSC/sysdev.htm
> http://www.metastocktools.com/URSC/sysdev2.htm
>
>
> jose '-)
> http://www.metastocktools.com
>
>
>
> --- In equismetastock@xxxxxxxxxxxxxxx, chichungchoi <no_reply@>
> wrote:
> >
> > Does anyone would like to share any idea on how to select the
> > trading strategies based on expectancy vs money management?
> >
> > For comparing strategies, I always select the one with highest
> > expectancy, but when I also need to consider position sizing into
> > the selection criteria, then I don't know what to do?
> >
> > Does anyone know on how to balance between expectancy and money
> > management [the size of position] in order to select the best
> > strategy for trading?
> >
> > Thank you for any suggestion
> > Eric
>
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