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General | Wealth-Lab 6 Features

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Highlights

  • Industry-standard portfolio backtesting
  • Effortless multiple system & multiple portfolio backtesting via Combination Strategy interface
  • Sophisticated position sizing, scaling in/out and equity curve trading (via script/addon)
  • High speed
  • Backtest on as much data (symbols, bars, etc.) your RAM can handle
  • Support for typical and custom bar intervals (tick, second, minute, daily and up)
  • The Strategy Monitor allows seamless handling and managing trade alerts produced by large number of strategies running together regardless of the time frame in one convenient window.
  • Multiple time frame support
  • External symbol support (spread strategies, pair trading)
  • Symbol rotation strategies
  • Strategy ranking
  • Supports stocks, futures and mutual funds
  • Backtesting synthetic options
  • Real life constraints like liquidity filtering (percentage of volume), round lots, tick size, slippage, commission plans
  • Detailed trade listing and backtest reports for overall strategy performance, drawdown analysis, profit distribution, MFE/MAE, by period analysis, heat maps, and more
  • Index-Lab: an interactive wizard for creation of unique market indices and aggregate indicators
  • Create your own neural networks with Neuro-Lab extension
  • Perform Monte Carlo analysis on historical simulations
  • Ability to backtest the effect of transfers (deposits, withdrawals, taxes) on account through an extension

Strategy Builder

  • Interactive wizard for drag & drop strategy creation using hundreds of rules and indicators
  • Useful for both experienced users interested in rapid prototyping and new users without programming knowledge
  • Supports "fuzzy logic" via flexible Multi-Condition rules
  • Conditional rules, multiple open positions, various entry types

Optimization

  • True portfolio optimization, 2D and 3D surface charts for robustness analysis
  • Walk Forward Optimization is built in
  • Built-in Exhaustive and Monte Carlo optimization
  • High speed Genetic Algorithm, Particle Swarm and Exhaustive To Local Maxima optimizers available as 3rd party extensions
  • Possible to develop and plug in your own optimization methods

Charting

  • Wide range of drawing tools (trendlines, parallel lines, speed resistance lines, regression channels, Fibonacci, drawing figures, and more)
  • Tradable trendlines automatically trigger trade alerts when crossed by prices
  • Drag-and-drop creation of “indicator of an indicator”
  • Parameter sliders for dynamically updating an indicator on the fly as the slider is dragged
  • Hundreds of technical indicators in Standard, TASC and Community indicator libraries
  • Create multi-symbol plots for trading spreads, composite indexes, relative performance charts, and artificial data
  • Linked charts automatically switch to display data for the next symbol entered, preserving configured settings
  • Chart scaling popup for instant switching of time frames (no need to download compressed data)
  • Supports tick, second, minute, daily, weekly, monthly, quarterly and yearly charts
  • Supports N-tick, N-second, and N-minute data (where N can be any number)
  • Wide range of chart styles: Line, Bar, Candle, EquiCandle, EquiVolume, Kagi, Line Break, Renko, Point & Figure, and others like Heikin Ashi or Constant Volume Bars available as extensions
  • Multiple windows, workspaces panes, scales, intervals possible at the same time
  • Supports multiple monitors

Real-time features

  • Multiple data vendors supported via data provider extensions (IQFeed, and dozens more)
  • Possible to access "partial bar" value from current trading session in strategies
  • Fast local historical data storage to keep backfill data accessible at any time
  • Sound and Email alerts

Programming features

  • Powerful and easy C# programming language in the built-in Editor, possible to use any .NET language in custom strategy libraries
  • Versatile universe of trading functions and methods
  • Connect 3rd party .NET libraries to extend the capabilities
  • Use the experience of the Wealth-Lab community: ready methods for chart pattern recognition and divergences, date/time operations, dynamic (evolving) watchlists, import real (historical) trades, grabbing data/time series and fundamental items from the internet, and much more
  • Create own libraries of reusable methods and functions
  • Automatic code generation for drag-and-drop indicators and strategies created using Rules

Data

  • Supports historical (daily and intraday), realtime, fundamental, market sentiment, economic and historical news data from dozens of 3rd party data vendors using built-in and additional data providers
  • Native support for ASCII and Metastock data, DDE feeds and ADO .NET Databases through extensions
  • Possible to perform various data correction operations (truncation, reload, rename symbol, dead symbol removal, data validity check) through a convenient Data Tool extension.
  • Possible to perform text sentiment analysis through extensions
  • Built-in support for Wealth-Data: the new source of reliable top quality EOD data for select stocks, curated with custom algorithms to exclude non-tradeable data and spikes. Wealth-Data is currently available for Nasdaq 100, S&P 100, and Dow 30 as well as German DAX and MDAX indices. Among its features are: carefully processed corporate events, automatic update of DataSets on index composition changes and more. Coming soon: support for delisted symbols data.

Extensibility

  • Seamless integration of your own broker- and historical/realtime data providers, optimization techniques, position sizing metods, compiled strategies, reusable method libraries, interactive graphical performance visualizers, commission plans, chart drawing tools, strategy wizard rules, and more
  • Combine instruments of different classes in Watchlists (3rd party addin)
  • Repository of Extensions

Trading

  • Automated Paper trading
  • Automated trading with a major broker is possible with a 3rd party solution

Important Disclaimer: The information provided by Wealth-Lab is strictly for informational purposes and is not to be construed as advice or solicitation to buy or sell any security.  The owner of Wealth-Lab.com assumes no liability resulting from the use of the material contained herein for investment purposes. By using this web site, you agree to the terms of this disclaimer and our Terms of Use.

Used under license from FMR Corp. Copyright 2008 FMR Corp. All rights reserved.


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