Does anybody here have a good web site that has a Kelly calculator? I am looking for a web site that I can just fill in the percent winning trades and the average win average loss. Thanks
I have not seen one or looked for one, but...why do you need one? By the time you calculate the % return for wins and losses, you are most of the way there: k = (((1+r)*p)-1)/r where r = mean % return on wins/mean % return on losses and p = probability of a win Assuming you risk the same amount or % on each trade
15rms, Once you have reduced the information to, "percent winning trades and the average win average loss", only, the Kelly Ratio can no longer be determined. Please see: http://www.elitetrader.com/vb/showthread.php?s=&postid=3028937#post3028937 Thanks, Jim Murphy