Tools

Tuesday, June 22, 2010

Wealth-Lab

I've had a pretty good experience building strategies and backtesting with Wealth-Lab.

They support yahoo/msn/google data, ascii imported data, and they have their own data feed for Fidelity customers.

They have a full list of TASC indicators as well as all the standard indicators like RSI, MOM, EMA, PSAR. WL also has drag and drop charting as well as intelli-sense code editor. (I think they're using the qwhale editor)

To build strategies you use C# which is pretty easy to pick up if your a C/Java developer.
There are quite a few samples available.

The team there is really helpful and knowledgeable. Wealth-Lab's wiki is a great source of information for getting started. The forums have some good posts and answers from the community and from Wealth-Lab employees.

The product is quite similar to OpenQuant.

(Note: OpenQuant supports paper/live trading with Interactive Brokers and you can attach to other brokerages through different adapters, whereas Wealth-Lab is a Fidelity product and therefore only provides trading services through Fidelity)

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