WealthLab Developer

Programming language. Program language carries the ChartScript name. It bears a strong resemblance, besides, Easy Language. The basic operators is the same that in others software, syntax is substantially kept. ChartScript differs from Easy Language with the raised complexity of designs and almost unlimited possibilities, up to the program of possibility implemented in last version to design systems on a basis of neiro network. A lack is in too tightened formulas which in Easy Language are much shorter. For today this language of a writing of mechanic trading systems, strategy and indicators is most approached to a professional programming language.

For the beginner who does not have skills of a writing of trading systems, this language is extremely combined, but for the person familiar with programming, special work won’t represent, even in the absence of experience of exchange trading. Among beginning traders ChartScript has deserved because of the complexity reputation. In general, it is the most powerful tool for construction of strategy for today.

The interface. Unlike other programs, WealthLab Developer is intended only for creation and testing of own products in sphere of the technical analysis, instead of for visual supervision and the analysis of schedules. It also causes specificity of its interface. The program consists of separate modules which, unlike other software packages of this kind are mainly concentrated in a body and the interface of the basic program.

The list of modules is shown at the left, in a separate window they are displayed on the right. Creation and editing ChartScripts, optimization, application to the schedule work in a mode of real time, scan trading system on group of financial tools; a simulator is the mean imitating the securities trading with use of capital management on a real portfolio of any investor. There is also a means which isn’t present in one of earlier listed programs and about which traders have dreamed for a long time: Evaluator is the program estimating efficiency of indicators on different time intervals and different tools.

Thus developers of the program, creating so difficult language of a writing of strategy have provided templates with the help of which it is possible to create trading strategy, choosing indicators which will be used in system, levels of stops and the purposes, floating stop-loss, conditions at which indicators should submit signals, etc. the User indicators, truly, to write much more difficult.

Testing and trade for the real account. WealthLab Developer gives ample opportunities for testing and optimization of trading systems. The program distinctive feature – possibility to carry out system optimization on several financial tools and to compare at once results. In comparison with three previous programs, testing and system optimization are carried out instantly. Thus the program doesn’t demand the big system resources, as, for example, Omega ProSuite.

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