TradersStudio comes with a Monte-Carlo analysis Macro, this outputs both equity curve charts and drawdown distribution charts. It also handles serial correlation by taking segments of the equity curve and randomizing them. You can develop a more complete Monte Carlo analysis macro using the functions in TradersStudio language based on this example.
Greetings everyone. Apologies for the long absence. I had met with an accident and was not able to post for the past few weeks. I am feeling better now and shall finish the review.
Oh hello, Gyles so you are back. Sorry to hear that. So how are you now? When can we see the rest of the review? I would like to see more examples also.
If I am new to system backtesting and want to trade at the end of day only , as I have a job, what would be the best platform to learn?
I have reviewed all the products and have spent a lot of time with them. I purchased Traderstudio based on my analysis and have been very happy. The product comes with a nice tutorial and documentation. Moreover, I think it is very easy to use, even for the beginners. The language is a cross between Basic and EasyLanguage and is really intuitive.
I agree with Gyles and TradersStudio is a good software. It delivers what it promises. In the beginning, I was not sure, looked fishy, cheap and good. But, going through reviews and meeting users made me buy it. I am happy and satisfied with it. It does what I want. I am still learning it, but it is easy and good to use. When I contacted them, the best part is that they spoke the truth and put across the facts. They did not give a feeling that they are trying to sell it, but guided me to help me make my own decisions. They accepted their drawbacks. Their honesty and sincerity is impressive, I have not seen this in many vendors. Traders are not the same and need different things. Many people are not full time traders, so their needs are different. So, why take something costly and not use all its features, like buying an AC in cold area? Thus, if trading part-time it is a good investment. Also, if new to trading, it is also good as it is easy to learn and cheap too. Other good thing is technical support is real good. The fellow, Murray is helpful and really guides you with your problems. Their manual, tutorials, documentation is also well done and easy to understand. Besides its easy use, it has the ability to import various data and I am using it with Pinnacle data at the moment. You have a job, so you need one that can help you make decisions while you are away, thus this one really suits you. I say this as I too am in job. Judge for yourself, compare the features, capabilities and prices of all the software and see the reviews of the same, you shall see what we mean.