We showed in the previous posts how EA AnalyzerÃÂ (EAA) is the mostÃÂ powerful tool among those known to analyze trading strategy and portfolio performance by importing the previously generated backtest of the currently running live trading results and expose them to an advanced process of analysis including periodic performance analysis as byÃÂ hour, day, day of week, monthÃÂ and more,ÃÂ strategy stagnation time, advanced stats asÃÂ Sharpe ratio, R Expectancy and more andÃÂ performance and correlation of a strategy in a portfolio and much more!
This advanced tool can deal with and import data to be analyzedÃÂ from the following tradingÃÂ data resultÃÂ sources:
and more services and platforms will be included by time!
For safe real money trading, it's required to be aware of every possible detail concerning the strategy employed.
The majority of trading platforms lackÃÂ the ability to generate advanced trading performance analysis using tools likeÃÂ Monte Carlo simulationÃÂ orÃÂ What-If analysisÃÂ beside that they also lack tools necessary for optimal portfolio building.
But now, and thanks toÃÂ EA AnalyzerÃÂ a strategy and portfolio performance can be taken simply to the next level of analysis whichÃÂ may form the fundamental difference between failure and success in trading.
It can generate and display more advanced statisticsÃÂ likeÃÂ profitsÃÂ consistency and what to expect; regardingÃÂ drawdown, stagnation and monthly / yearly results for any strategy before employing it in real money trading.
I's able to compute overÃÂ 60 different performance statistics includingÃÂ Sharpe ratio, Expectancy andÃÂ System Quality Number,ÃÂ more over it allows you to implement your own favorite statistics to apply to your strategy.
That's why EA AnalyzerÃÂ is considered by any serious trader as an absolutely essential tool.
It's ability to make a clear differential recognition of the daily and hourly profiting and trading performance of an EA using the statisticalÃÂ analysis provided could form a strong shield for you against costly losses that the EA flaws could make in the past.
Plenty of new features and improvements were applied to the latest version, nearly all the program parts wer improved.
Portfolio Master:ÃÂ It's probably the most important among all the newly added features, it'sÃÂ a tool that can determine an "optimal" portfolio from the available strategies analyzed by the software.
Openness and ExtensibilityÃÂ is the most important feature of the new version.
StrategyQuant Platform Plugin / SnippetsÃÂ architecture: It's the new core ofÃÂ EA Analyzer version 4.0 whichÃÂ allows:
All the includedÃÂ algorithms andÃÂ statistics computations in the software are open source in the form ofÃÂ code snippets allowing the user to check how they work with the ability to make any further modifications or even add newÃÂ statistics to the bundle.
This is not limited only to the program main computing functions but extends almost to every component of the software asÃÂ portfolio correlation computing for example where new columns and actions can be addedÃÂ into the databank and new charts can be alsoÃÂ createdÃÂ in Trade analysis.
This doesn't replace the standard usage of the software in anyway and the user can still use it without making any extensions and benefitÃÂ fromÃÂ the communityÃÂ effortsÃÂ and the new high rate of improvements adding to the software.
Until now the program is still in its BetaÃÂ stage, so bugs and non-working functions are expected, beside thatÃÂ Snippets architecture and dependencies might be changed by the developers.
Like theÃÂ standard EAA version 3.0 (Free version) some functions are only in a trial or limited mode.