MetaStock Backtesting

The Vulture

Newbie
5 0
My trading model utilizes multiple time frames...Quarterly, Monthly, Weekly and Daily.

Current versions of MetaStock do not have the standard capability to do backtesting over multiple time frames. You can only use one time frame at a time. I need to integrate the four peridicities to backtest my methodology.

I am proficient in programming MetaStock formulas.

Has anyone devised a method to accomplish what I'm attempting?
 

Glenn

Experienced member
1,040 118
Depends what you are doing.
If you set up four tests for the different periods, you can run them consecutively automatically.
You can also use the results from one test in the next.
Might help ?
Glenn
 

The Vulture

Newbie
5 0
If you could explain how to use the results from the previous test, it would help immensely.

I know this can be done in the Explorer; but, I haven't been able to backtest over multiple time periods in the Enhanced System Tester.

Please offer a solution.

Thanks,

The Vulture
 

bud

Newbie
3 0
Metastock BackTesting

Metastock is a great program for developing custom indicators and systems, but it is weak in backtesting.
I had v 7.2 before surrendering to the hype and upgrading to v 8.01 which promised a "new and improved" system tester. Version 8 backtesting has been a big disappointment to me. Worse, the results are buggy and inaccurate. Now v 9 is available but I'm going to be a very hard sell to go any further with this program. I think v7.2 is excellent software and if you can get hold of it you will have the basis of a serious research arsenal for professional trading. Version 8, as an upgrade, has been a waste of money and the jury will be out for a while on v9.

In my view Metastock reached a plateau with v 7.2. At that time it was a market leader but it has made very little headway since being bought out by Reuters.

If you have v7.2 and want to do serious backtesting, I recommend a much better option than upgrading your Metastock ...

http://www.compuvision.com.au

This is Australian developer who has written specialised software for backtesting. The product is called TradeSim and it is absolutely superior to Metastock. I have not yet bought the program, but I have thoroughly researched it and have had lengthy interaction with the developer. I am very impressed. There used to be three editions of TradeSim (Standard, Pro and Enterprise) but I believe there are now only two (Pro and Enterprise). In any event, if you are interested in serious system backtesting I recommend that you don't go less than the Pro edition. I think the Pro edition sells for about $US400 and the enterprise version for $USD1200. They are both worth the money. Enterprise edition does Monte Carlo which adds the value.

I sound like a salesman but I have no affiliation with the developer.

I believe Metastock with TradeSim is the leading edge of system development and backtesting. :cool:
 

bud

Newbie
3 0
Vulture, I am sorry I did not attempt to answer your question about using different "periodicities" in Metastock. You are correct in pointing out that Metastock doesn't handle this intuitively. However, if you are good at Metastock programming I think you are likely to find a work-around. Perhaps TradeSim can do this also, but I haven't investigated. There are other programs that do have this feature (Investor/RT, Ensign etc.) but I have never worked with them. Please keep us posted if you pusue this development. I am interested to follow your progress. :idea:
 
 
AdBlock Detected

We get it, advertisements are annoying!

But it's thanks to our sponsors that access to Trade2Win remains free for all. By viewing our ads you help us pay our bills, so please support the site and disable your AdBlocker.

I've Disabled AdBlock