Product Review: Wealth-Lab.com by John Sweeney
Can a Website rate a full review
in STOCKS & COMMODITIES?
In the past,
we’ve inspected software
in depth, software that ran
on your personal computer (and mine).
Now, “your” software may run partly
on your machine, partly on another
machine, and gather data from yet
third. All this, of course, is done over
the Internet and you don’t care what the
process is as long as the results end up
on your screen, the way you want it.
Such a site is Wealth-Lab, the first
Internet site I’ve run across that offers
fully programmable indicator and systems
development capability right on
Why is programming such a big deal?
It’s the ultimate in control of your indicators
and the trading rules you want to
employ. Depending on the power of the
language used (and the relative scarcity
of bugs in its implementation), you can
express ideas more elaborate than the
typical crossing of moving averages.
There’s always a limit to the power, but
developments with applications like
TradeStation, TechniFilter Plus,
WaveWi$e, NeuroShell Trader,
SmarTrader, MetaStock, TradeLab, Ensign, BioComp, and Stratagem
have shown there is little limit to the
imagination of individual traders.