TradeSim Professional
The choice of Professional Traders
$480.00
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Download the file to My Documents then double click on it to
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Back test your trading system the way
you would trade it using TradeSim - the missing link in trading
system analysis and simulation!
TradeSim is the first true realistic trading simulator/analyser
for MetaStock that can quickly back-test and evaluate a trading
system across a portfolio of securities. With its powerful data
processing capabilities TradeSim can evaluate the historic
performance of a given trading system within a matter of minutes and
do it with a realistic representation of a real life trading
scenario. Whether a single security or a multiple security
portfolio, TradeSim answers the simple question...
"What would have happened if this system
had been used to trade an arbitrary portfolio of securities?"
Sounds like a simple question - but is extremely complex
if not impossible to answer with MetaStock as it stands. However,
with TradeSim it is just a simple matter of running a MetaStock
exploration on a portfolio of securities using your own set of
indicators. When the exploration has finished you just simply run
TradeSim, setup the trading parameters and then analyse your trade
data.
With TradeSim, MetaStock becomes more powerful than it ever was -
even rivalling trading packages costing many thousands of dollars!"
You are probably not aware that to approach the
functionality and power that TradeSim adds to MetaStock you would
need to spend many thousands of dollars more than the combination of
both packages put together. Even then, competing packages fall quite
short when it comes to analysis power and options as well as
simplicity of operation. TradeSim was built right from the ground up
with the professional trader in mind!
"TradeSim dispels the myths of indicator
performance!"
Your system may look good with an expert overlayed on a
single chart. "But what about its real world trading performance?"
Typically your system will comprise of entry and exit triggers,
prices as well as an initial stop loss. These five parameters
basically define a framework for a trading system. The trouble with
trying to test a trading system is that the system tester built into
MetaStock is only limited to a single security and only one position
size model with a fixed initial capital. As a result this can give a
very distorted view of your trading system performance, which can be
very misleading for a number of reasons, namely:
- Because back testing has only been applied to one trading
entity and not across a wide range of trading entities from
different industry groups, the result is an unrealistic
representation of a typical real life trading system, which is
usually traded across a diverse range of securities.
- Limiting of system testing to a single trading entity will
result in an inadequate number of trades. Back testing your system
using one trading entity may only yield twenty or so active
trades. Hardly enough to evaluate its true performance and very
misleading from a statistical point of view!
- Insufficient choice of position sizing models limits
evaluating the system using a position-sizing model, which may not
be optimal for the trading system under investigation.
TradeSim Features
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