best software for statergy testing

p_ashvin · #1 15th August 2007, 08:28 PM

Which softeare is best for statergy building and testing (back testing) Metastock Or Trade Station or other software???

Experts please advice.

swagat86 · #2 16th August 2007, 08:05 AM

Tradestation and tradesim.

sudhir gupta · #3 16th August 2007, 08:33 AM

Don't rely on strategies optimized on historical data. Quantum Funds of George Soros are being talked about as upcoming cause of further market decline after sub-prime. These quantum funds (huge) have invested only on basis of computer modelling of strategies based on historical data. And these models are failing now. (May be then, the Wolf wave on SENSEX posted in this forum will meet its target)

Our markets are highly manipulated ( see GMRINFRA on Tuesday). Try FOREX. Past few days have been money making days in FOREX on all four majors, even a simple trend following system is making money. I've found most of the technical indicators work on four majors in FOREX market.

beginner_av · #4 16th August 2007, 04:42 PM

Dear Sudhir,

how do you repatriate $$ and satisfy I-T? Unless you are an NRI of course.

CreditViolet · #5 16th August 2007, 05:26 PM

Quote:

Originally Posted by sudhir gupta

Don't rely on strategies optimized on historical data. Quantum Funds of George Soros are being talked about as upcoming cause of further market decline after sub-prime. These quantum funds (huge) have invested only on basis of computer modelling of strategies based on historical data. And these models are failing now. (May be then, the Wolf wave on SENSEX posted in this forum will meet its target)

Our markets are highly manipulated ( see GMRINFRA on Tuesday). Try FOREX. Past few days have been money making days in FOREX on all four majors, even a simple trend following system is making money. I've found most of the technical indicators work on four majors in FOREX market.

hmm...where to start

Are you suggesting to the OP that backtesting doesnt work.Optimization is a completely different topic than backtesting.Even there, someone who optimizes on In-Sample Data then runs it on Out of Sample data and again LIVE for a few days is in a much better situation than someone who uses RSI(14) because its the 'DEFAULT'.How does one know if the Input 14 is not curve-fitted in the first place?

Backtesting just answers the question whether an approach has or hasn't worked in the past. It makes no guarantee that the strategy will work in the future if market conditions change.Having said that, about the current 'conditions', its nothing new, the patterns have existed before and will continue to do so.

Also about funds losing money, if you analyze the COT data for US markets, the big guys were short long before the current clustering effect took place.Its a Zero Sum game remember, someone always benefits.

CreditViolet · #6 16th August 2007, 05:29 PM

Quote:

Originally Posted by p_ashvin

Which softeare is best for statergy building and testing (back testing) Metastock Or Trade Station or other software???

Experts please advice.

Metastock Sucks big time, its a bloated chartist tool.

Tradestation has issues, esp whn it comes to Portfolio Testing

Wealth-Lab would be my choice if starting out esp for EOD

Excel is a good place to do custom analysis.

uasish · #7 16th August 2007, 07:47 PM

Metastock is bad in Back-testing.For other things many including self uses it.
The opinion is user bias for MS & against it.

uasish · #8 17th August 2007, 07:49 AM

p_ashvin,
Jesse is right ,Metastock has limitations & not suitable for Back-Testing.Moreover it is not user friendly as Amibroker .Ami & Tradestation has a vast ,vibrant community with lots of Afl's ,strategies ,systems FREE ,one can have a choice of even selecting or adopting proven
'Systems'.
Incase of Metastock there is very little Support ,rather one has to make his own.Hence for new users ,jesse is right ,you go for other s/w than Metastock.
However for long time Metastock user like me i feel more comfortable in MS there are many things even MS can do.
http://www.traderji.com/108369-post82.html

http://www.traderji.com/108493-post84.html

I second Jesse's view that those who are not stuck with Metastock but realitive new user for them Metastock is not a good option.

Asish

NB: This is what Tradestation can do.
http://www.emiliotomasini.com/wp-con...ing-system.pdf

CreditViolet · #9 17th August 2007, 09:41 AM

Quote:

Originally Posted by uasish

Metastock is bad in Back-testing.For other things many including self uses it.
The opinion is user bias for MS & against it.

Isnt that what matters?

oxusmorouz · #10 17th August 2007, 09:47 AM

Quote:

Originally Posted by CreditViolet

Isnt that what matters?

Hi CV,
For avid users of metastock, tradesim could be of some assistance. It has portfolio and multi-strategy portfolio backtesting.

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