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JBL Risk Manager and Money Management System
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JBL Risk Manager and Money Management System

  #1 (permalink)
Elite Member
Futures Experience: Master
Platform: NinjaTrader
caprica's Avatar
Posts: 155 since Jul 2009
Thanks: 45 given, 109 received

JBL Risk Manager and Money Management System

This is an interesting software package.

Even if you do not wish to use the software itself, which is $299 but has a 14 day trial you can still learn a great deal or come up with some new ideas on how to better your own trading.

Really it all comes down to money management and risk management. These two things are what separate the men from the boys. Boys play with their...indicators, men know how to use them and realize it's not the indicator that counts but the technique, style, staying power, etc.

I wanted to post this not because I recommend the software but because I recommend the principals.

Paritech - JBL Risk Manager

From their website:

Every successful Trader and Investor knows the importance of a proven trading plan or system and understand it requires both entry and exit rules and the discipline to follow them. Most unfortunately focus almost all of their attention in only finding what to trade and when. To survive it's more important to have and follow a sound, easy to understand, Money Risk Management plan. This user-friendly software will automatically calculate your trade size or how many shares to trade, where your initial Stop loss exit price level will be, protecting your Trading Capital & your Trailing / Profit Stop exit price, to protect your Profits.

This Money Management software will give you a simple step-by-step method of keeping your emotions in check, remove the guess work from your trading, help monitor your performance accurately, with simple to understand reporting and track each trade easily as it integrates with your MetaStock data. It will help make sure you benefit by using sophisticated Money Risk Management strategies that work!

After entering a trade, you are no longer a Trader but a Risk Manager.
If you are a beginner and do not know why money, risk and trade management are vital components of your trading we recommend you read Trade Your Way to Financial Freedom and Trading For A Living. Without adopting these disciplines, you are highly likely to become an emotional trader and take unnecessary risks with your capital. This software will help put you on the path to disciplined trading.

If you are already an active trader, you are most likely interested in a simple way to manage your trading. JBL Risk Manager gives you Automatic Trade/Position Sizing, Initial Stop and Trailing Stop exit price calculations, Multiple Portfolios, Short & Long trades, integrates with your MetaStock database, Stock Split Adjustment, Performance: Win/Loss ratios, Trade Expectancy and with permission from The Van Tharp Institute System Quality Number, R-Multiples and R-Expectancy.

Components of our Risk/Money Management System:
  • Our Profit or Trailing Stop will never be below your Initial Stop Loss. Always steady or moving up when in Profit but never down and will adjust automatically.
  • Your maximum Risk per trade (loss) will never be more than 2%* of true Trading Capital (less brokerage). Automatically calculated and displayed before every trade entry.
  • JBLRM will automatically trigger an EXIT! when your Stop, is hit.
  • Maximum size of each trade will never be more than 20%* of TRUE Trading Capital.
  • Time Stop exit is triggered if trade has not hit breakeven within 10 days, money can be better invested elsewhere but long term investors may choose to ignore

Here is a short list of key features, again from the website.

- Automatic Trade Sizing how many shares to BUY or Short Sell for each trade
- Stop Placement calculated Stop Loss and Trailing / Profit Stop exit price
- Integrates with your MetaStock database for automatic daily updates
- Share Trading Journal kept for each trade
- Share Price History saved for all trade entries
- Long and Short trades allowed for with individual performance reporting
- Technical Stop entry is optional and can be used in place ofthe automatic Trailing Stop
- Maximum % Risk takes brokerage both ways into account
- Limits over trading and too many Open Trades
- Multiple portfolios and currency symbols for trading and back testing
- Power Pivot Points automatically calculated daily, for short term trends and trend bias
- Portfolio Average $Win and $Loss calculated after each trade
- Portfolio %Win and %Loss Ratio calculated after each trade
- Show summary of all Open and Closed Positions very easily
- Show Cumulative Profit/Loss andavailable Cash
- Average trading period for portfolio and trading days of each trade
- Average $Rate of Return - Trade Expectancy
- Total Brokerage charges of all closed positions
- Stock Split adjustment is a simple process on all open positions
- Portfolio Performance accurate and thorough automatically calculated

Now included with kind permission from The Van Tharp Institute (IITM)
- System Quality Number (SM) automatically calculated (ideal back-testing tool)
- R Multiple reward to risk ratio automatically calculated for each closed trade
- R Expectancy ratio automatically calculated
- Sector Analysis Monitoring and Control

"Let us be thankful for the fools. But for them the rest of us could not succeed." - Mark Twain

Last edited by caprica; July 27th, 2009 at 09:29 AM.
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  #2 (permalink)
Just starting out...
Mumbai India
Futures Experience: Intermediate
Platform: TradeStation
Broker/Data: IB
Favorite Futures: futures
Posts: 2 since Jul 2009
Thanks: 7 given, 1 received

Do you use this software in your trading?

Could you share your experience?

I was thinking of buying this myself and wanted to have some unbiased experience.

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The following user says Thank You to zentrader for this post:


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