Traders' Tip text
A nice feature of Wealth-Lab Version 6 (.NET) is the ability to immediately employ new indicators in the Strategy Builder, formerly known as the ChartScript Wizard. As shown in Fig. 1, the Strategy Builder’s Conditions tab contain a group of rules for General Indicators. To access a rule for any indicator, drag and drop one of the general conditions on an entry or exit, and then click where indicated to select the desired indicator from the Indicators dialog. You’ll find technical indicators introduced by TASC Magazine, such as RSIBand, organized under the TASC Magazine group of indicators (Fig. 1).
Figure 1. This single-indicator, drag and drop Strategy returned over 5% annualized on the Dow 30 for the 6 years ending 12/31/2007. Assumptions: 5% of equity sizing, $8 commissions, 2% interest on free cash, and dividends as applicable.
Strategy Code
/* None! */