I'm looking for a software package that has a strategy backtester plus access to a butt load of strategies to the public... I know that Wealth-Lab fits this bill but some have said that it's a toy on here...
Wealth-lab is not a toy. Most of the posters that say that fathom themselves as genius programers who can code up their stuff in C++ of Fortran or some other languages and do it themselves. Maybe they can, however if your like the other 99% of us the two backtesting packages with the largest strategy libraries in the public domain are wealthlab and of course tradestation. I'm not a big fan of either but you want pre-built strategies they are your two major choices.
I have used MetaStock's Enchanced System Tester to backtest a decent sized number of included systems as well as added in my own strategies to backtest/optimize. I have a feeling they might not have the number of built-in systems as the aforementioned, but you can import formulas from other web sites who have compiled these systems.
For about a year I've been using Tradecision. Strategy Builder and Simulation Manager are working great as for the back-testing purposes. It has clear language to code ideas, fast calculation and wizards to create & run a simulation on several symbols or simulate several strategies on one security. Tradecision provides with detailed reports, including Summary Report. Signals are inserten into a chart. Also I combine my neural models in a neuro-strategy and then back-test it. Take a look www.tradecision.com
Thanks for your inputs. It looks like Wealth-Lab and Tradestation have the most support for scripts. Am I correct when I say that Wealth-Lab can scan and backtests with a bucket full of stocks? Tradestation only scans and backtests with one stock at a time.
Vectorvest (vectorvest.com) supports backtesting and has a lot of canned strategies as well as the ability to create strategies -- it is almost exclusively for stocks.
Hi, i would recommend tradingbasis and amibroker, available at www.amibroker.com and www.tradingbasis.com i have bought both products and i am very happy so far. Jamy