Back test your trading system the way you would trade it using TradeSim - the missing link in trading system analysis and simulation!

TradeSim is the first true realistic trading simulator/analyser for MetaStock that can quickly back-test and evaluate a trading system across a portfolio of securities. With its powerful data processing capabilities TradeSim can evaluate the historic performance of a given trading system within a matter of minutes and do it with a realistic representation of a real life trading scenario. Whether a single security or a multiple security portfolio, TradeSim answers the simple question:-

Sounds like a simple question - but is extremely complex if not impossible to answer with MetaStock as it stands. However, with TradeSim it is just a simple matter of running a MetaStock exploration on a portfolio of securities using your own set of indicators. When the exploration has finished you just simply run TradeSim, setup the trading parameters and then analyse your trade data.

"With TradeSim, MetaStock becomes more powerful than it ever was - even rivalling trading packages costing many thousands of dollars!"

You are probably not aware that to approach the functionality and power that TradeSim adds to MetaStock you would need to spend many thousands of dollars more than the combination of both packages put together. Even then, competing packages fall quite short when it comes to analysis power and options as well as simplicity of operation. TradeSim was built right from the ground up with the professional trader in mind!

"TradeSim dispels the myths of indicator performance!"

Your system may look good with an expert overlayed on a single chart. "But what about its real world trading performance?" Typically your system will comprise of entry and exit triggers, prices as well as an initial stop loss. These five parameters basically define a framework for a trading system. The trouble with trying to test a trading system is that the system tester built into MetaStock is only limited to a single security and only one position size model with a fixed initial capital. As a result this can give a very distorted view of your trading system performance, which can be very misleading for a number of reasons, namely: -

1. Because back testing has only been applied to one trading entity and not across a wide range of trading entities from different industry groups, the result is an unrealistic representation of a typical real life trading system, which is usually traded across a diverse range of securities.
2. Limiting of system testing to a single trading entity will result in an inadequate number of trades. Back testing your system using one trading entity may only yield twenty or so active trades. Hardly enough to evaluate its true performance and very misleading from a statistical point of view!
3. Insufficient choice of position sizing models limits evaluating the system using a position-sizing model, which may not be optimal for the trading system under investigation.

• Unlike basket testers and single security back testers TradeSim is a true portfolio trading simulator which analyses the trades in the proper chronological order and sequencing thus mimicking the way that real trades would be executed.
• Ideal learning aid for beginning traders learning how to objectively trade or for advanced traders using it to thoroughly and objectively evaluate their own trading systems.
• Simple interface to MetaStock using an external function plug in which can be incorporated into your indicators or the MetaStock explorer using the MetaStock indicator language.
• Automatically size trades according to the position size model used and available capital thus mimicking realistic trading conditions.
• Different position sizing models allow quick comparison of trading performances for a given trading system which answers the "What if?" question.
• The ability to specify a complete set of trading parameters such as, the position size model, the initial capital, the trade transaction cost, the portfolio heat, the trade capital limit etc.
• The ability to model the effects of slippage through limit and market orders.
• Trade positions include long, short or both sides.
• Simultaneously test multiple trading systems with an unlimited number of trading entities.
• The ability to generate trade data with thousands of trading entities unlike the system testers built into most charting packages which can only generate a limited number of trades.
• User defined trading rules using the MetaStock indicator builder language.
• Random walking of stock selection with the same entry date allows different trading sequences whilst satisfying your trading rules.
• Multiple system analysis allows a mixture of different trading systems to be simulated at the same time.
• Fast processing and analysis of the resulting trade data. For example, simulate ten years of the S&P ASX 200 stocks in less than a minute on a 300MHz Windows 98 machine.
• Comprehensive and detailed trade system reports and professionally printed colour documents and charts for presentation and reporting purposes.
• Comprehensive trade database manager allows advanced stock selection and filtering to allow selective processing of stock groups. For example you could process two years of stock trades rather than the full interval, or deselect a certain stock group so that it won't appear in the trade simulations.
• Colour-coded trade log report lists in detail all of the trades in chronological ordering or you can sort the list by any other criteria.
• Comprehensive and detailed charting capability with advanced chart zooming and 3D display capabilities.
• Dynamic links between the TradeLog, Trade Database and Charts allows detailed analysis of each individual trade.
• Trade Inspector allows detailed examination of each trade whilst viewing the charts.
• Selective processing capability allows processing of certain securities and filtering of both long and short trades.
• Simple user interface using Microsoft Windows®; no clumsy DOS based application.
• Comprehensive user manual in Adobeâ„¢ PDF format which can be easily printed out if necessary and can be updated at any time in the future when new software releases become available.

 Click here for the "Monte Carlo", TradeSim Enterprise Edition