Wealth-Lab
Trading rules and testing trading ideas can be formalized with Wealth-Lab, which is a system that we use. This system can be used with the brokers’ tools that help to automate orders. The electronic tools that are provided though, do not offer the option of monitoring accounts or orders and so the automation of trading through the Wealth-Lab system has proven a little difficult.
There are two different types of the Wealth-Lab system. There is Wealth-Lab Pro and Wealth-Lab developer. Each have different purposes and can perform different functions, for instance, Wealth-Lab Pro is able to open qualified accounts, whereas Wealth-Lab Developer is meant only for testing a trading strategy or working with an adapter.
The strategies of each program are created to suit their functions, which is why Wealth-Lab is created with language C# because this is what works best with this algorithm. With this kind of program, consideration should be given to optimizing the strategic component of the system. Wealth-Lab Monte Carlo, for instance, allows for the location of optimal parameters that allow for trading within a reasonable amount of time. It also allows for the analysis of how sensitive the system is to algorithmic parameter fluctuations. All of this together means that a more comprehensive evaluation of the trading strategy can be carried out and the most can be made of each system capability within the shortest time frame.
We are always open to new ideas and welcome any thoughts that you may have on the issue of trading automation or the formalization, testing or optimization of trading rules. Examples are provided within the site as well as details of the research that has been carried out.
