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Kelly Strategy Free

Widely used in the gambling community for sizing bets, the Kelly Strategy has proven to be an effective money-management tool for trading stocks

Widely used in the gambling community for sizing bets, the Kelly Strategy has proven to be an effective money-management tool for trading stocks

Kelly Strategy Free

by Chris Werner
Kelly Strategy Free
Kelly Strategy Free
Kelly Strategy Free

What is it about?

Widely used in the gambling community for sizing bets, the Kelly Strategy has proven to be an effective money-management tool for trading stocks.

Kelly Strategy Free

App Details

Version
1.0
Rating
NA
Size
6Mb
Genre
Finance
Last updated
June 19, 2015
Release date
June 19, 2015
More info

App Screenshots

Kelly Strategy Free screenshot-0
Kelly Strategy Free screenshot-1
Kelly Strategy Free screenshot-2
Kelly Strategy Free screenshot-3

App Store 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 shares
Kelly % - Fixed percentage of capital
Capital Allocation - Fixed fraction of capital
Trade Quality - Positive trade percentage
Best Filter - The filter that produces the best geometric growth
Best Indicator - The Moving Average that produces the best gain
Transactions - The number of Buy’s
Trades - The number of completed trades
Win-Loss Ratio - The Average Wins divided by the Average Losses
Annualized ROI - Rate of return for a given period that is less than one year
Proceeds - Period sales less expenses
Trade Expectancy - Expected period return
Profit - The period profit
Holds - Transactions not sold
Stop Loss - Stop limit sales
Premium or Discount Purchase - Purchase above or below the pivot point price
Gain - The expected transaction gain
Initial Risk - The potential loss

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