What is Wealth-Lab Developer exactly? It is basically an extension of the Wealth-Lab systems tester. It works as a platform for trading which functions to develop and back test stock and strategies that is based solely on technical analytics.
Wealth-Lab is known to be very efficient and a powerful tool because of its user base that is very extensive. The user base functions continuously in accordance with the functionalities of Wealth-Lab.
A community was developed among like-minded workers who have the responsibility of interpreting the system with regards to trades. The online forums and discussions enable the professionals to discuss the results of the trading system.
The target of Wealth-Lab Developer are sophisticated and educated traders. With a complete programming platform, traders will most likely be using the program. There is no such thing as a limit, in the ideas that will be tested and traded.
With this kind of platform, portfolio-level simulation is ensured with the aid of a strong charting module. With this set-up, charts are allowed to be viewed and analyzed, very much the same as what traders would us a high-level charting program.
The platform is installed with a number of charting styles and indicators. The program also allows for the creation of individualized indicators which can be done by the user. If you would fancy creating indicators that you can call your own, you can use WealthScript, a language used for programming.
WealthScript is based on the standard language used for programming functions, PASCAL. The PASCAL may be intimidating initially, but with continued usage, an inexperienced user will eventually understand how to use the language.
Together with WealthScript, the Wealth-Lab Developer will function at a much greater capacity. Users who are inexperienced will be able to design formulas and indicators that they can use for their own, with the aid of System Wizard.
What System Wizard does is make things easier for the average Joe by employing the drag and drop method. This will make programming one’s ideas much easier.
The core function of Wealth-Lab Developer is systems testing. Through the aid of WealthScript, users are given the chance to program different ideas into the program, not forgetting ideas about money-management position sizing. The algorithms for the pre-set money-management include: Percent of Equity, Maximum Risk Percent, Fixed Dollar/Margin, and Fixed Share/Contract.
The system allows for a user to test ideas with multiple security. The security back test is programmed to stop trading following a full capital draw down.
No related posts.
Related posts brought to you by Yet Another Related Posts Plugin.