Think AL on ThinkorSwim

Discussion in 'Trading Software' started by DayTrader10, Mar 8, 2012.

  1. Hey guys,

    I was looking around on thinkorswim today and noticed some type of algo software, but not familiar with this stuff, so mind it may be primitive compared to the specialized ones on this forum.

    Apparently it generates an algorithm off of the day's data (5 minutes or so) and then uses past data to extrapolate future price movements. I was just wondering how accurate this thing has proven to be and if it is reliable...has anyone run any stats test on it?

    Also while I am posting, does anyone know of a good backtesting software that will allow me to enter in parameters like "Broke the Bollinger Band--Buy/Sell" or ""Stochastic Oversold/bought--Buy/Sell."

    Thanks in advance!