Extensions for Wealth-Lab Pro/Developer
Spice up Wealth-Lab on your desktop with new features, indicators, strategies,
and support for data providers by reviewing available extensions in one convenient place.
Virtual Trading
With your Wealth-Lab.com login, you have a starting $100,000 paper trading account balance to compete in
a Community-wide virtual trading game. See who the best traders are on a monthly,
quarterly, yearly, and overall basis! Navigate to Strategies and Trading » Virtual Trading.
Strategy Downloads!
Use Wealth-Lab.com as a source of ideas to create your own Strategies and/or contribute to the library at the
Public Strategies Center . Use the "Download..." button in WL5’s Strategy Explorer toolbar to download your own copy of public Strategies.
Forums
By navigating to Community » Forums,
you'll find three main forums: Wealth-Lab .NET, Wealth-Lab 4, and User Forums. You'll
find all of the active "old forums" from wl4.wealth-lab.com intact and on-line,
so you can continue participating without skipping a beat.
Support for Legacy Wealth-Lab Products
As long as you find it useful you can continue access the old website at
wl4.wealth-lab.com,
where public ChartScripts continue to be ranked periodically (every 1 or 2 months). Although
support for Version 4 and prior has been discontinued, customers may request new product keys
when required using the Ticket Center (click Support in the upper menu).
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The Wealth-Lab Wiki is your continually-growing resource for open source code, Knowledge
Base, featured strategies from trading magazines, and includes the expanded documentation
for Wealth-Lab indicators. From useful techniques to advanced coding, you’ll find
hundreds of useful examples that you can “steal” to use in your own trading strategies.
Visit and bookmark the Wealth-Lab Wiki now and see what else you can discover!
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The Version 6.3 maintenance upgrade with fixes for Combination Strategies, Named
Series for External Symbols, and more is now available. Log in to Wealth-Lab.com,
click the Products link and download your no obligation 30-day free trial today!
Available to non-U.S. international customers only. U.S. residents can obtain Wealth-Lab
Pro with a qualifying account at Fidelity.
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Find optimal solutions at speeds never before possible - get the Genetic Algorithm (GA)
Optimizer from Add-in Extensions now! The GA package includes a stand-alone test app to simulate
optimization using Genetic Algorithms using the results of an exhaustive search to quickly check the impact
of the GA optimizer's settings on the Exhaustive ranking.
Benefits of Wealth-Lab's Genetic Optimizer
- Speeds up optimizations. Optimal parameters are usually discovered in a fraction of the time it takes when using an exhaustive search.
- Works where the exhaustive method stumbles: when the number of parameter combinations is too large.
- Aims at the near optimal solution which is likely to be a robust solution.
- Like user-guided optimization, GA focuses on important regions of solution space, having the benefit of a selective search without the need for human interaction.
- GA can be used by itself or to pave the way for exhaustive optimization – with a much tighter range of possible optimization values.
See the full documentation at the Wiki.
Minimum requirements: Wealth-Lab Pro/Developer 5.6 and .NET Framework 3.5
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After installing Version 6.3, please use the Extension Manager to upgrade MS123
and Extra Performance Visualizers for compatibility with Wealth-Lab 6.3.
Monte Carlo-Lab
in "Extra" includes changes to remove multi-core support but adds a new option for
"Same Date Scramble", which is akin to randomizing priorities of Positions over
many simulations. The baseline Trade Scramble method has the effect of unrealistically
smoothing the equity curve for strategies like dip buyers because trades are distributed
over the entire simulation instead of being contrained to the bars on which "shocks"
may have occurred.
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