Widely used in the gambling community for sizing bets, the Kelly Strategy has proven to be an effective money-management tool for trading stocks.Developing a viable trading strategy requires an effective money-management technique to maximize the long-term geometric wealth of a trading strategy. The strategy must have positive risk-adjusted expectancy for any money management to be additive. Kelly Criterion, a strategy has a positive expectancy will maximize the geometric growth in returns through the re-investment of profits or trade-to-trade compounding of returns. The Strategy defines a fixed fraction of capital to invest in each trade and is based on the expectation (probability) of long-term capital growth.Additional controls incorporated into the Kelly Calculator allow the user to vary the degrees of risk and return with built-in filters. Each strategy is automatically backtested to determine the best equity curve.Trade Setup - Buy, Sell and Stop Limits and number of sharesKelly % - Fixed percentage of capitalCapital Allocation - Fixed fraction of capitalTrade Quality - Positive trade percentageBest Filter - The filter that produces the best geometric growthBest Indicator - The Moving Average that produces the best gainTransactions - The number of BuysTrades - The number of completed tradesWin-Loss Ratio - The Average Wins divided by the Average LossesAnnualized ROI - Rate of return for a given period that is less than one yearProceeds - Period sales less expensesTrade Expectancy - Expected period returnProfit - The period profitHolds - Transactions not soldStop Loss - Stop limit salesPremium or Discount Purchase - Purchase above or below the pivot point priceGain - The expected transaction gainInitial Risk - The potential loss
What's new in version 1.0
ReleaseJune 27, 2015
Date AddedJune 19, 2015
Additional RequirementsCompatible with iPhone 3Gs, iPhone 4. iTunes account required.