Money management goes closely together with portfolio management. I'm using at this point Market System Analyzer 3.0 Essential tool if you are running multiple strategies or trade multiple account. You can import your own trades results and create some fancy looking charts with your equity. You can choose between several money management formulas and see impact on yours results. Next nice feature is applying moving average on equity curve - start trading only when is your 'lucky' time. Anyway, this software tool is really full of high value features (monte carlo, equity curve, positions sizing........) and still easy to use - five stars for me.
Click to see full image of Market System Analyzer 3.0 in action.
If you are lazy or busy or simply don't have time to try, you can have a look at their video presentation.
Full version costs $199 . 30 days fully functional trial version is available. Download link here
