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Hi, sorry I should have explained it in this video too. There is a longer explanation video here: th-cam.com/video/gthP28kkEmk/w-d-xo.htmlsi=tD3ZEvglzI3tP2Pg Let me know if that explains it.

Sure, there are many ways to see how well SPY responds to RSI, but our Indicator Profiler gives the most in-depth analysis. And yes we have a Strategy Ranking tool built-in so you can rank Strategies by your stocks.

That's exactly what we do. The issue is, the market might gap up on you the next morning! Number of Shares = Buying Power / BASIS PRICE. Just like Cone explained in the video.

Thank you and yes you can.

The name of the pattern (Candle 936) is just assigned by the evolver based on the sequence of runs. If you want to get the specific pattern that Volker evolved in this video, contact him at volker@wealth-lab.com.

Hi John, I did send you the information you requested via email. Hope this helps.

Well Received! Thanks!@@WealthLab

My philosophy has always been to just keep working and making the product better and better. Sooner or later people will come around :D

Thank you. I totally agree.

Thanks much!

You're welcome, Henk!

Thanks, Paul!

There's a lot of different ideas about whether or not it's good for content creators to show their faces during videos. It's somewhat subjective, but I decided to do it as a way to express passion for the product and hopefully establish a greater bond with the audience.

We're planning to cover those in more detail. Glad you're liking the series!

What do you mean? Do you mean a stock Screener? You can use any of your Strategies (Building Block or Code-Based) and screen the entire US stock market with our Screener tool.

@@WealthLab Stock scanner. Currently it is not intuitive. The scan results columns cant be customized using code like thinkorswim.

Good idea, let us know if you utilize it this way!

You can do similar things yes, but that Block is in our Power Pack extension, and these indicators are in core WL8. They're also more flexible.

please do!

Yes, they both do different things but the difference is subtle. If you are using a Strategy that places Limit orders, then with the Transaction Weight approach you might get fills even for symbols that ARE NOT in the Top/Bottom N of the portfolio. It depends on the price action of the day which symbols fill. If you use the Symbol Ranking Building Block you can be sure that you'll only ever get signals for those Top/Bottom N symbols, so it's a more deterministic result. Both ways can be valid, so we support both.

​@@WealthLab ok, thanks for answering Can I also use "Symbol Ranking by Indicator" as a sales ranking? Example: 5 shares are bought as in your video, then I drag "Symbol Ranking by Indicator" into "Sell at Market" Does the system also rank the DOW as an example here, looks at which ranking the previously bought shares have and sells or does not sell based on the set paras? I am currently traveling and therefore cannot test it myself.

The Symbol Ranking Block can be added to an Exit Block, but it literally still resolves to true only for the Top/Bottom N stocks. So, the position would only exit when the stock happened to be the Top/Bottom.

Thanks for Answering

Yes that's controlled in the Chart Style settings.

Thanks, there's plenty more still on the Wish List to keep us busy :)

Thanks for the suggestion. You have to be careful not to over optimize. I have not looked at the exit value levels. I want am working on the QQQ video. Also I plan to showcase the WFO feature!

I was not using any dataset, just one symbol SPY. Try to follow the instructions on the video. Watch the section 0:59 seconds into the video.

@@WealthLab I have the basic version without any extensions, you probable have all extensions, some of them regards data sets, probable our historical data of SPY are different. My WL8 build is 63, your build is 61, my be there is a bug in build 63.

@@giorashenitzer5035 I was not using anything out of the ordinary. Did you change the symbol to the SPY?

Thank you; the problem was "Basis Price" I used "Market close this bar" (the defaults at my WL) instead of "Market open next bar", sorry@@WealthLab

@@giorashenitzer5035 No problem at all. There are many settings that can easily be overlooked. If you are running on 100% position size you might not get all trades, which than can cause different results.

Good idea. I was trying to keep it simple. Have you tried the changes that you suggested?

@@WealthLab Yes. The 35/50 Rule is well known. The Advanced Position Sizing based on the Equity-Curve is a WL feature

@@affoltersascha1648 Excellent point. I am not even sure if I ever tried to do a parameter stability test. I release a follow up video.

hang tight, it's on the way!

Have you submitted that as a #FeatureRequest on wl.com?

I will do it@@WealthLab

We don't currently have such a check box.

Thank you!

If you change your setting to HD (bottom right of the video) it gets sharp after a while.

It depends on the data provider, but for most providers yes, the data is requested from our service and is then stored on your computer. This makes subsequent loading of the data happen very quickly.

Can you please tell in which version of WealthLab this issue was corrected in the backtester?

Thanks, will do!

Right now you can use Tradier, IB (Interactive Brokers), Alpaca, Binance, KuCoin and Kraken. More brokers are in the pipeline. Which one would you like to see?

@@WealthLab Schwab/TDA

We did have a TD extension, but they are in the process of converting to the Schwab API. We have a Schwab account but have not had our account converted yet so do not have access to the API. As soon as we get it, we'll develop a Schwab connection.

You're welcome

We don't have a deep knowledge of MultiCharts capabilities, but WL specializes in backtesting, especially portfolio level. For example, you can backtest the entire Russell 3000. I'm not sure if MultiCharts could handle that. I did find one old (2016) EliteTrader thread comparing them, it's from 2016 and I'm sure all platforms have evolved considerably since then, see Post 9: www.elitetrader.com/et/threads/opinions-please-ninja-vs-multi-charts-net-vs-wealth-lab.302756/

Thanks, and yes, the standard metrics report contains Recovery Factor (which is a measure of return vs drawdown) as well as other drawdown-based metrics. This is in the "Basic ScoreCard" that comes with WL8. We use "ScoreCards" to define performance metrics, and WL8 also comes with an "Extended ScoreCard" that offers many other metrics. Finally, the API for creating a ScoreCard is open, so you could build your own ScoreCard and plug it into WL8. As far as the correlation of different strategies, we have a MetaStrategy type that allows you to backtest a number of strategies with a combined equity. And this MetaStrategy has a custom visualizer that depicts the correlations amongst the strategies.

We believe that WL is very reasonably priced. I know of no other software that has that much power, constantly adds new features and covers everything from beginners to professionals.

@@WealthLab will wait till you change your mind or policy

@@victoryday-uv4ku I hear that you believe $299 a year is too much. What about going for the $39 a month?

@@WealthLab Better 299 per year

@@victoryday-uv4ku Good idea. Inflation is everywhere... who knows what tomorrow brings. We just checked the "Thanksgiving System". It seems that there is no edge over any other week. With WL you kind of know what tomorrow brings. ;)

You're welcome, if there's any topic you'd like us to tackle let us know!

There are a few ways to figure it out. 1. You could use intraday data (brings you very close to reality) 2. You can make an assumption that if the close is lower than the open that the high happened first and vice versa. 3. You can assume to always take the worst outcome. Of course if trigger points are too close together it will be difficult.

@@WealthLab I Know, this problem exists in all tools and Nobody has tick data for long periods, so I would always prefer the worst case in a backtest.. thanks for the quick reply

@@paulj7377 yes, if you backtest and trade on very short timeframes you need to use tick bars. In my early days of trading I bought very expensive tick data from the German Day and Bund from the germen exchange. Something I found out then (not sure if it still the same), is that the data was very bad. Trades that were totally out of context appeared - likely correction trades? So even that data did not help me. What time frame do you trade and which markets?

@@WealthLab true, I can comfirm this.. I trade everything: Short options, Futures intraday and Stocks/ETFs in Daily Bars.. just started using WL in order to get survivorship bias free backtest results

In WL8 you can configure the Preference to use a Neutral (random) outcome or favor the optimistic or pessimistic result. It's under Backtest Preferences.