Hello traders! Finally I found a place where I can exchange information and seek knowledge. I have been studying trading for around 18 months and now I got stuck on backtesting my strategy. I will have many questions but I will start where I got stuck. Me and my friends are testing my strategy manually and over the last 12 months we have seen good results but we would like to test it on a backtesting software for a much longer period to be sure about it. We got the trial version of wealth-lab but we could not even start as we could not find welles wilder moving average. Does anyone know if there is welles wilder moving average on the wealth-lab? Any suggestions for trustworthy backtesting softwares where I can run a strategy with welles wilder moving average? Any other suggestion which has not been asked is welcome! Thanks!
are these the wizards you are looking for? Strategy Building https://www.elitetrader.com/et/forums/strategy-building.34/
Be advised that all moving averages - simple, weighted or exponential, are arbitrary and in the case of Wells Wilder, over 40 years old. But to back testing: DO NOT USE Ninja 8 for sure.
How old or new something is tends to be irrelevant. There's no radical breakthroughs in the world of simple math (indicators).
InvestorRT at Linnsoft.com. But I wouldn't bust your ass just to find something with a Wells Wilder Moving Average.
Thanks for the answers. It is really difficult to find any software that has welles wilder moving average to test. The formula does not seem to be so complex: "The standard exponential moving average formula converts the time period to a fraction using the formula EMA% = 2/(n + 1) where n is the number of days. For example, the EMA% for 14 days is 2/(14 days +1) = 13.3%. Wilder, however, uses an EMA% of 1/14 which equals 7.1%. This equates to a 27-day exponential moving average using the standard formula." I'm doing manual tests with spreadsheets and writing down entry points, targets and stops. This way I get precise details of how my system works. However, the job is hard to test on only one asset. With software I would get data for other assets and be able to compare it with my personal notes made in spreadsheets. Thanks again, cheers.
Just go to mql5 and find a coder, for mt5. Then do the backtest on mt5. Good backtest Data there. You can also pay me to code that indi, pm me therefore.
Sierra Chart. Moving Average-Welles Wilder https://www.sierrachart.com/index.p...p&ID=211&Name=Moving_Average_-_Welles_Wilders