Tuesday, May 1, 2007

Good Afternoon World

Well it is another bloody day in Woodshedder's World. STKL has finally decided to make a trip back to the moving averages. That loss in unrealized gains should just about cancel out any profit I may have had from MVIS beginning to go back up.

With the exception of adjusting stops, I am not trading today. I have not set a stop on MVIS.

I am still waiting to hear if I may post and write about some points made in a couple of books I'm reading about system development. Should those authors give me permission to use some of their text, I will be off to the races.

Also, if anyone out there is testing systems, I would love to hear what software you are using, and what your opinion is of said software. I am considering a purchase of Trading Blox Professional www.tradingblox.com but am still exploring other vendors. Any comments, email, help, etc. will be appreciated as I do not really want to spend $2000.00 on software if it isn't going to be helpful in my quest.

1 comment:

Dogwood said...

I use the Wealth-Lab website, which is free, but you have to teach yourself pascal, which sucks, and it only backtests five years.

The downloadable version of Wealth-Lab, available free from Fidelity, has the ability to create systems using wizards without learning pascal, so that might be worth a try. However, the software is only free if you execute so many trades per year with Fidelity (120 I think).

If I could afford it, I would buy Trading Blox in a heart beat. I don't believe you will find a better, more comprehensive system oriented program on the market.

My only beef with Trading Blox is you have to purchase the most expensive version to gain unlimited options for developing a system.

The entry-level system will get you started, but I think if you are truly serious about developing a trend following system, then eventually you will be upgrading.

Also, the Fair Use doctrine of copyright laws may not require permission from authors to use their material if your use meets certain criteria.

Wikipedia has info here: http://en.wikipedia.org/wiki/Fair_use

And the Copyright Office has info here: http://www.copyright.gov/fls/fl102.html

Good luck.