Wealth-Lab Pro is a desktop-based platform within Fidelity’s Active Trader tools that allows users the ability to develop and test trading strategies based on technical analysis. With Wealth-Lab Pro, no programming expertise is required. Active Traders can use or modify prebuilt strategies, or use the Strategy Builder to create their own.
v6.2 [Jun 22, 2011]
Wealth-Lab Pro has an integrated solution for multi-system testing: Combination Strategies. As the name implies, you can combine two or more strategies in a single Portfolio Simulation backtest. The child strategies operate on a specified allocation or overall starting capital and each can run on different DataSets and/or in different scales. According to modern portfolio theory, by properly combining non-correlated strategies/instruments you can theoretically hedge for different market conditions, potentially improving profit, reducing risk, and/or smoothing the equity curve over the test period.
The enhancement includes:
-a new Combination Strategy view for the Strategy Window (instead of the Editor or Rules tab) to configure combinations of existing Strategies
-the ability to prioritize and allocate funds to each strategy added to a Combination Strategy
-capability to add a Combination Strategy to another Combination Strategy
-Performance Visualizer enhancements to show and plot overall results as well as individual results of the child strategies
Creative 3DMIDI Player
