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The Tradecision's
Strategy Builder functionality
is centered on money management as
the main part of the trading
process.
Disciplined
Trading with Tradecision
When you are setting up a trade, it
is essential to predetermine the
amount of risk you are incidentally
willing to take.
This means that you have to be able
to control your position
size, stop loss and profit target
yet before you enter the
market! That is why, the conditions
for closing out (exiting) a trade
are a lot more important than the
entry conditions.
Taking the right approach to
money management, never
results in losing one's account.
With Tradecision's powerful money
management capabilities, this is the
only approach you can take.
Tradecision
Money Management Editor
For your convenience, the
most popular money management rules
are predefined and easily
accessible through an advanced
point-and-click editor. The editor
enables the following types of
money-management operations:
- Automatic calculation of the
position size using
Optimal F, Kelly, Fixed
Fractional Trades and William
formulas;
- Easy application of several
stop-loss rules which
only requires a couple of
clicks;
- Easy definition of the
trailing stop
rule as a
combination of predefined
conditions;
- The system also supports
using a predefined
Profit Target and
defining a custom
Position size formula.
Fine-Tuning Your
Stop-Loss and Profit Target Rules
To test your money management rules,
you can define them in
Improvian, a
full-featured programming language.
The New Strategy dialog box provides
special features for entering and
editing your stop-loss, trailing
stop, and profit target rules. The
same rules can cover long and short
trades, or you can also create
separate rules for this purpose.
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