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Kelly Strategy Free for iOS

By Chris Werner Free

Developer's Description

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

Full Specifications

What's new in version 1.0

General

Release June 27, 2015
Date Added June 19, 2015
Version 1.0

Operating Systems

Operating Systems iOS
Additional Requirements Compatible with iPhone 3Gs, iPhone 4. iTunes account required.

Popularity

Total Downloads 0
Downloads Last Week 0
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