New Position Sizers, Indicators, ScoreCards, Performance Visualizers
$49.95 / Lifetime OR included in Premium subscription
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(all Extensions require a Wealth-Lab Subscription)
Power Pack is a growing extension aimed at professional traders with focus on position sizing, risk management and detailed analysis of backtests. Here's what's included:
- Extended Scorecard with dozens of performance metrics suitable for backtests and optimization. Analyze drawdowns, risk/reward profile, outlier traders, trade statistics and efficiency and many more.
- Position Sizers - get beyond good old % Equity sizing with effective and sophisticated money management techniques:
- Percent Volatility
- Trading the system's Equity Curve
- Drawdown Control, Drawdown/Runup, D-VaR, Equal Exposure, Equity Breakout, Equity Momentum, Extraordinary Opportunities, Fixed Ratio, Kelly formula, Larry Williams method, Pyramiding, Position sizing with the Trend, Winning and Losing Streaks, Timid and Bold equity, Trade Outcome, Trading System's Safety Factor, and more.
- Indicators - advanced indicators:
- Trailing exits: Elder SafeZone, Kase DevStop, SuperTrend, NRTR, Parabolic2
- Bill Williams: Alligator, Fractals, AwesomeOscillator
- Floor Trader Pivots
- Oscillators: MAC-Z (David Varadi), Gann Swing
- IQR (interquartile range), LaguerreRSI, SmartMoney, TrendStrength, Weis Wave Volume etc.
- Visualizers - a collection of Performance Visualizers to double your analysis power:
- Analysis Series
- Position Metrics - includes Trade Stability, Perfect Exit
- Building Blocks
- First and Last Bar of day
- Time of Day; Day of Week
- Date Filter
- Price Compare to Price at Entry Bar
- Position Profit/Loss
PowerPack Extended Scorecard
An example of a backtest using Extended Scorecard
Some Position Sizers included in the PowerPack
PowerPack includes an expanding collection of indicators
The Contribution visualizer shows a breakdown of total profit/loss on a per symbol basis, by entry/exit signal name, by calendar month, by average % P/L per bar, by position type (long/short)
The MetaCorrelations visualizer shows a correlation matrix of a MetaStrategy, helping build a robust portfolio of strategies that have a low or negative correlation and avoid locking capital in systems that essentially duplicate each other.
Position Metrics - Trade Stability
An example of the Position Metrics visualizer with Trade Stability preset
PowerPack - Streaks
An example of the Streaks visualizer at work
PowerPack - Analysis Series
Analysis Series lets you experiment with indicator filters to find how they would have affected the performance of your trading strategy
Position Metrics - Perfect Exits
This preset is aimed to suggest perfect stop loss and profit target levels for your trading system based on MAE/MFE analysis
Position Metrics - custom code
Create your own metrics in Strategy Code and display them in Position Metrics!
Wealth-Lab 8 Build 5 - 6/14/2022
- Fix for Pivot indicators disappearing after edit.
- Added missing FractalUp, FractalUpBar, FractalDown, FractalDownBar indicators.
Wealth-Lab 8 Build 4 - 5/26/2022
- Build required because of the change to rename UpDown enumerated type to Direction in WealthLab.Core.
Wealth-Lab 8 Build 3 - 5/13/2022
- Exits paired with Entries for auto-cancelation from Building Block Strategies.
Wealth-Lab 8 Build 2 - 5/2/2022
- Fixes for Bar of Day Building Block.
- Fixed Morningstar streaming provider broken by website change.
Wealth-Lab 8 Build 1 - 4/10/2022
- Initial WL8 release.
Wealth-Lab 7 Build 25 - 3/21/2022
- Two new exit Building Blocks that allow setting stop and limit trigger prices to a percentage above/below an indicator's value n-bars before the entry bar:
- Sell At Limit/Stop At Indicator Value
- Cover At Limit/Stop At Indicator Value
Wealth-Lab 7 Build 24 - 2/3/2022
- Added a requested option to Percent Volatility: "Cap position size at X% equity".
Wealth-Lab 7 Build 23 - 1/11/2022
- Fixed issue in the new Date Comparison Building Block.
Wealth-Lab 7 Build 22 - 1/10/2022
- Added Date Filter Condition Building Block, to provide flexible date filtering for your Strategies.
Wealth-Lab 7 Build 21 - 12/7/2021
- Help update.
- Building Block description cleanup.
Wealth-Lab 7 Build 20 - 12/3/2021
- Repaired "Double and Reverse money management" Strategy.
Wealth-Lab 7 Build 18 - 11/26/2021
- Fixed Average Drawdown metric in Extended Scorecard.
- Added Position Metrics Visualizer (Trade Stability has been incorporated into this.)
Wealth-Lab 7 Build 17 - 11/22/2021
- Added Streaks Performance Visualizer.
- Added Trade Stability Performance Visualizer.
- Added Analysis Series Performance Visualizer.
Wealth-Lab 7 Build 16 - 11/12/2021
- Fixed AwesomeOscillator in Blocks.
Wealth-Lab 7 Build 15 - 11/8/2021
- Rebuild to handle change in WL7 framework.
Wealth-Lab 7 Build 14 - 11/4/2021
- Extended Scorecard metrics calculations optimized for speed.
- Risk of Ruin calculations corrected, and split into Kaufmann and Vince groups.
Wealth-Lab 7 Build 13 - 10/26/2021
- Condition Blocks fixed to work with Qualifiers.
Wealth-Lab 7 Build 12 - 10/21/2021
- Open Position Profit/Loss Condition can now work with Entries as well as Exits.
- Fixed bugs in Outlier Analysis affecting several StdDev and Outlier metrics.
Wealth-Lab 7 Build 11 - 10/13/2021
- Added Gann Swing Oscillator.
Wealth-Lab 7 Build 10 - 10/5/2021
- Fixed Consecutive Peak/Troughs broken in non-US locales.
Wealth-Lab 7 Build 9 - 9/20/2021
- Added Market Hours Only option to the Bar of Day Condition Block.
Wealth-Lab 7 Build 8 - 9/3/2021
- Added First/Last Bar of Day Condition Building Block.
- Added Time of Day Condition Building Block.
- Added Price Compare to Price at Entry Bar Condition Building Block.
Wealth-Lab 7 Build 7 - 8/8/2021
- Fixed Parabolic2.
Wealth-Lab 7 Build 6 - 7/8/2021
- Fixed duplicate Longest Drawdown.
Wealth-Lab 7 Build 5 - 6/3/2021
- Added Parabolic2 indicator.
Wealth-Lab 7 Build 4 - 5/4/2021
- Breaking internal change, must update to work with WL Build 8.
- Added MetaCorrelations Performance Visualizer.
- Fixed Kelly description.
Wealth-Lab 7 Build 3 - 4/20/2021
- Added Contribution Performance Visualizer.
- Moved PivotPoint indicator into PowerPack.
Wealth-Lab 7 Build 2 - 3/30/2021
- Added a collection of trailing exits by Bill Williams, David Varadi.
- Added indicators:
- IQR (interquartile range)
Wealth-Lab 7 Build 1 - 3/9/2021
- Baseline release.