There are many programs of the technical analysis. However to write and test own trading strategy it is possible far not in each of them. Today in the software market there are 4 programs are extended mainly: Equis MetaStock, Omega ProSuite, MetaTrader and WealthLab. In all of them there are modules for construction and testing of own strategy: MetaStock System Tester, Omega PowerEditor, MetaEditor, WealthLab Developer. We will compare the basic characteristics of some programs.

MetaStock SystemTester

Programming language. It has its own language of macros MetaStock Language, as a matter of fact, a high-grade programming language isn’t (it reminds macroes from Microsoft Office) more, but it is simple in use. To write the elementary systems it is possible to learn for some days, the user indicators to write much more difficult. Possibilities of creation of trading systems and indicators on the basis of fractals, waves of Elliott support resistance levels and to that of similar methods of the analysis are aloud complicated.

As a whole, for the young men this language approaches from the point of view of studying of programming trading system. In process of advanced training it is desirable to pass to more serious programs.

The interface. There is no place easier. The window of a writing of the text is divided into four tabs: a long input, a long exit, a short input, a short exit. There is a help with possibility of search and an insert of desirable function or the operator.

Testing and trade for the real account. Possibility of application of MetaStock SystemTester for trade on the real account is most the matter of argument. The matter is that the program is intended only for a writing and system optimization. To apply system in real time it is necessary to write own expert. Anything difficult isn’t present in it. It is simply enough to transfer codes of inputs and exits to corresponding options of a window of construction of the new expert.

The most interesting begins then. It is found out that the expert applied to the data, gives out absolutely other signals and with open years it is visible that its profitableness on the real data much more low, than on historical. Systems and the indicators arranged under the historical data for which them tested, began to meet recently often enough, but in MetaStock distinguishing such product is extremely difficult.

Systems are quickly enough tested depending on capacity of the computer are. But the quantity of tests is limited, the same as also quantity of optimized variables.

Execution of warrants. In MetaStock SystemTester input warrants in the market can be performed at four prices: opening, closings, to a maximum and a minimum candle (bar). It is easy to guess that possible only execution at one price – bar closings, why is it so? Take a look at movement of indicators on a drawing of the prices in real time and think.

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