Floor Traders Essential Toolbox v.2010-02-08

http://www.regnskapsprogrammer.com/xp/FloorTradersEssentialToolbox.zip

This version will expire 2010-02-22. Don't worry. New versions will be available.

Purpose 1

When comparing Stategy testing reports from Metatrader

you run the basic numbers through Floor Traders Essential Toolbox

and get a number for how profitable the system is.

There are a lot of assumptions in Floor Traders Essential Toolbox,

but these assumptions will be constant. You can compare

different systems objectively.

Purpose 2

When doing manually testing you can in a similar way

put trade statistics into Floor Traders Essential Toolbox and get

a number for maximum level of return per month.

Purpose 3

When doing manually testing you can put trade statistics into

Floor Traders Essential Toolbox and get a sound estimate of

what risk level to use. Floor Traders Essential Toolbox

returns risk level for aggressive trading. I am pretty sure

you will not survive in the long run at higher risk level.

You may be more conservative.

When you use Floor Traders Essential Toolbox for finding risk level

you can either input trade statistics on page Trade statistics,

or you can input result for each trade. The latter method may

be most appropriate when you have to modify trade statistics

every day. When you create a table for result for each trade

put a checkmark into "Create trade statistics from table"

When Floor Traders Essential Toolbox is running, choose one of

the strategies, Alpha, Beta or Charlie. These names are

only meant for association with the strategies you explores. You

may at the same time compare 3 strategies.

Floor Traders Essential Toolbox gives a more accurate answer

to sound risk level in forex trading compared to rule:

- Use 2 or 3% as risk level

It is my hope that Floor Traders Essential Toolbox will return

the money management answers the average retail trader

needs to know.