Considering Purchase of Enterprise Edition

[smith1964]

I am new to TradeSim and considering the Enterprise version. However, I need factual case studies that support the cost of this software. I am interested in hearing testimonials from users of the Enterprise version who have "increased their profits" directly by following the results of the TradeSim simulations. Did TradeSim lead you to a better trading system based on profitability? Thanks in advance.
- smith1964

[sectorbets]

I think it all comes down to how much you want to know about your trading systems before you start committing serious money. I used the Professional version for several months before upgrading to the Enterprise version, and voila--I found that my combination of stops were leading to a very wide distribution of returns once I ran a couple thousand Monte Carlo interations. I was then able to experiment with different combinations of stops until I had a very robust system that gave good results, and more importantly, had a relatively small STD as to the returns.

I then ran the simulator every day to see how my actual results compared on a trade by trade basis, and after doing that for upwards of a year, my actual results are within spitting distance of the simulated results on a trade-by-trade basis.

I have since refined my systems several times, all with the help of the Monte Carlo simulator, and I'm always surprised when one of my bright ideas looks good after a single simulation but destroys the STD of returns when I run it thru the Monte Carlo simulator.

I know you asked about specific $$ improvements, and that I can't help you with that, but I can tell you that it is likely that my actual results would not be tracking so closely to the simulated results if I had not made significant changes to my trading systems based on the output of the Enterprise version.

Good luck.

[smith1964]

I have read that the TradeSim Enterprise can be used to develop a risk profile for a trading system applied to one security or a portfolio of securities. I have also read that Ice 2.0 (MetaStock Add-in) can be used to develop an optimized trading system for a single security.

Is it possible to use the monte carlo features found in TradeSim Enterprise in combination with Ice 2.0 to develop a more effective trading strategy?

At this time my trading is somewhat limited to evaluating the purchase of 2 to 3 securities from a portfolio of 100 recommended through Investor’s Business Daily CANSLIM methodology. If this method turns profitable then I may investigate other securities. For now, I am seeking a statistically valid way to evaluate how to trade these securities.

[sectorbets]

I haven't looked at ICE yet, but if it generates MetaStock code, then you can add the appropriate TradeSim code and be on your way towards portfolio testing.

As to using a list of CANSLIM stocks, TradeSim is not at its best if you are arbitrarily cherry picking a handful of stocks, howeer, if y u have enough history looking at hundereds of stocks--entries as well as exits-- uisng the CANSLIM list, then you can build a file that TradeSim can read and tell you how you would have done on a portfolio basis.

[smith1964]

Thanks for the reply!
- Michael

[tech/a]

http://www.reefcap.com/ubb/Forum8/HTML/000091.html

This method was developed nearly 2 yrs ago and hs been traded as an exercise ever since.I personally have similar results to those simulated (actually a little better) on a margin account.

Youll find the results (now on Page 10) Under Techs Margin system results.

Oh its not meant to be the holy grail only an exercise to answer the question you now pose 2 yrs later.


Tech/a