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Gary, it all comes down to how close to actual trading reality you
wish to test (and to a lesser extent, develop) your trading strategy.
TradeSim's support is second to none, and the software is being
continuously improved and developed. I simply don't know of any
better (and simple to operate) backtesting software.
http://www.compuvision.com.au/index.htm
The Enterprise version of TradeSim is indispensable if you wish to
test systems that produce more trade signals than your portfolio
capital (and attention span) can handle. I use this version mostly
because of the nature of my work with my clients.
Perhaps this TS example may be of some help:
http://www.metastocktools.com/Pegasus/Peg-Eqty.htm
I traded the Pegasus system ("live" on the Net) for five years, and
trading results were actually better than the TradeSim simulations had
suggested - then again, I used a rather large amount of slippage built
into the simulations, since I like to err on the side of caution.
jose '-)
http://www.metastocktools.com
--- In Metastockusers@xxxxxxxxxxxxxxx, "Gary Nielson" <gary@xxxx>
wrote:
> I hear you and you raise good points, particularly about Mickey
> Mantle's bat! :) However, I *did* a search for TradeSim on this and
> the metastock.com forum and found mostly people suggesting TradeSim
> as a backtesting alternative to MS's own system tester. Most people
> liked it, I gathered, but on what basis I can't really figure, since
> not many detials were provided.
> Without such specifics, I was hoping to elicit more in-depth replies
> other than buy it, it's good, it's a great alternative to MS's own,
> or I don't use it, that sort of thing. The only place I've found
> such details is on their own site -- it's not clear to me what their
> official homepage is -- and we all know that commercial
> advertisements aren't always the most objective :)
> Furthermore, it's not clear which version is owned by most. Is the
> Monte Carlo version that indispensible? I hadn't heard much of this
> theory before other than in Kaufman's Trading Systems and Methods
> book and, to me at least, he seemed not too enthusiastic. Are the
> lesser versions sufficient?
>
> _____
>
> From: Metastockusers@xxxxxxxxxxxxxxx [mailto:
> Metastockusers@xxxxxxxxxxxxxxx]
> On Behalf Of Bob
> Sent: Thursday, August 25, 2005 3:39 PM
> To: Metastockusers@xxxxxxxxxxxxxxx
> Subject: [Metastockusers] Re: Feedback on TradeSim sought
>
>
> There are plenty of posts on this board and on the equismetastock
> group about TradeSim. You can search the archieves and find
everything
> you could want to know. The members don't need to reinvent the wheel
> over and over when it's already there, if you'll look them up. Jose
> uses it and likes it a lot.
>
> TradeSim works just fine, but it's only as good as your skills at
> system development. I've developed a lot of very good systems over
> many years and still continue testing and developing. I don't use
> TradeSim. I know the problems with the MS systems tester (which are
> many), but I also know the limitations of systems testing in general
> so I don't feel I'm missing much by not having TradeSim. Results
from
> TradeSim are no better in live trading than the results from the MS
> systems tester. TradeSim is a really good product and professional
> tool, but it's just one more tool and not an answer in a box.
>
> I've read many books on systems development and testing, which I
> recommend you do before spending over $1000 for a testing tool.
Don't
> ask which one is the best book. Read 8 or 9 and you'll start to get
it.
>
> There are a lot of posts on here (and the big site) regarding the
best
> tool, the best books, the best indicators, the best system. Forget
it.
> You're going to have to screw around with a lot of stuff and figure
it
> out for yourself. It's about you, not the tools.
>
> If you bought Mickey Mantle's baseball bat, could you hit the ball
as
> well? There are hundreds of bats for hundreds of hitting styles.
>
> Roy's newsletter www.metastocktips.co.nz is the best MS tool. Roy
has
> a free set of systems testing tools, that while not a polished as
> TradeSims, do produce very good results.
>
> You'll learn more about trading from Roy's newsletter than anything
> that TradeSim will do for you.
>
>
>
>
> --- In Metastockusers@xxxxxxxxxxxxxxx, "Gary Nielson" <gary@xxxx>
wrote:
> I am thinking of buying TradeSim, the backtesting add-on for
> Metastock. I am interested in other's comments on its pros and cons,
> strengths and limitations, support, etc. Any feedback appreciated.
> Thanks.
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