If this forum there is a link to the ChartScript Search Page.

http://wl4.wealth-lab.com/cgi-bin/WealthLab.DLL/getpage?page=ChartScriptSearch.htm

This is a great idea.

Is there a way Performance Search stratagies relatave to the current version of Wealth-Lab?


Happy Thanksgiving.

Yes, it's called Strategy Ranking. The tool is available from the WLP Tools menu. More in the User Guide > Strategy Rankings.

P.S. There is no online version.

How do we access the "Top 25" ChartScript strategies (http://wl4.wealth-lab.com/cgi-bin/WealthLab.DLL/getpage?page=Top25.htm) in WL-6? Have these been ported to the new platform (noticed the code on the link is older).

thanks
Kiran

No, this hasn't been ported.

Strategy Ranking is a great tool.

Performance of strategies can be obtained after each strategy is set up for best results. Am I correct in assuming each user would need to go through this process for the provided canned strategies to determine top performers?

Is there a way users can communicate to each other which strategies work the best?

The link to the ChartScript Search Page (see above) was really a great idea.

QUOTE:
Performance of strategies can be obtained after each strategy is set up for best results. Am I correct in assuming each user would need to go through this process for the provided canned strategies to determine top performers?

Right on. This allows the ultimate level of customization with sets of custom performance metrics and your very own DataSets with shorter/longer history.

QUOTE:
The link to the ChartScript Search Page (see above) was really a great idea.

Maybe, if there was protection against "unfair" multi-position dip buying systems competing with "fair" single-position systems. The former would take dozens of positions on one bar (e.g. 10% per position * 2,3,..10) while the latter would use only 10% equity. In fact, you won't see any trend-follower among the Top-25 list - it's crowded with counter-trend systems taking multiple positions for up to 100% capital, incurring great risks.

Agree - the Strategy Rankings metrics report or ChartScripts don't tell the whole story. Need to look at the logic, optimize over your data-set of choice, watch out for curve-fitting etc.. Substantial work still involved in ranking the strategies.

All said and done, it's a great resource.

Kiran