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.
- Percent Volatility
- Indicators - advanced indicators:
- Trailing exits: Elder SafeZone, Kase DevStop, SuperTrend, NRTR, Parabolic2
- Bill Williams: Alligator, AwesomeOscillator, Fractals, Market Facilitation Index
- Floor Trader Pivots
- Oscillators: MAC-Z (David Varadi), Gann Swing
- IQR (interquartile range), LaguerreRSI, SmartMoney, TrendStrength, Weis Wave Volume, PremarketHL, Plunger [from build 20] etc.
- Visualizers - a collection of Performance Visualizers to double your analysis power:
- Analysis Series
- Position Metrics - includes Trade Stability, Perfect Exit
- Analysis Series
- 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
- One Trade Per Day
- Sell at Limit or Stop at Entry Lookback
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 22 - 4/20/2023
- Modified the "N Bars Ahead" Condition to "1 Bar Ahead", and restricted it to "At Close" Entries and Exits only.
- New indicator AnnualizedReturn gives a running compound annual growth rate for the source series over the specified period.
Wealth-Lab 8 Build 21 - 4/7/2023
- Added Clenow Momentum indicator (a volatility adjusted momentum).
Wealth-Lab 8 Build 20 - 3/22/2023
- Added IBD score indicator.
- Added Market Moving News parser and Block.
- Added ATR units to % Volatility PosSizer.
Wealth-Lab 8 Build 19 - 2/14/2023
- Added Clenow Plunger Indicator.
Wealth-Lab 8 Build 18 - 1/25/2023
- Rebuild required for some changes to the Genetic Evolver.
Wealth-Lab 8 Build 17 - 1/21/2023
- Added N Bars in Future Qualifier. Use this in conjunction with the AtClose Building Blocks to model strategies that enter and exit at market close instead of next bar's market open.
Wealth-Lab 8 Build 16 - 12/15/2022
- Fixed Sell/Cover at Stop Loss and Profit Target Multiple of the Signal Bar Range rules. These rules were overhauled and won't be compatible with previous versions.
Wealth-Lab 8 Build 15 - 12/8/2022
- Added new Building Blocks - Profit target/Stop loss as a factor of the signal bar size.
- Added HiddenBullish and HiddenBearish DivergenceTypes into the Divergence condition block.
Wealth-Lab 8 Build 14 - 11/25/2022
- Added Expectancy Ratio to Extended Scorecard, fixed "Expectancy (traditional)" formula.
Wealth-Lab 8 Build 13 - 11/11/2022
- Fix: Changing a Building Block indicator to Gain or Drawdown caused an ArgumentOutOfRangeException.
Wealth-Lab 8 Build 12 - 11/4/2022
- Fix for using PremarketHL indicator in Building Blocks.
Wealth-Lab 8 Build 11 - 10/28/2022
- New! PremarketHL Indicator tracks the High or Low premarket value that you can use for Indicator comparisons for the session.
- New! Drawdown and Gain Indicators calculate drawdown and gain (imagine that), resetting at the end of the specified frequency period - History, Yearly, Quarterly, Monthly, Weekly, or Daily.
- Added a new Building Block, Bars Since Last Entry/Exit.
- Fix for ElderSafeStop usage in Building Blocks.
Wealth-Lab 8 Build 10 - 10/11/2022
- Fix - Percent Volatility and Fixed Ratio PosSizers weren't working with Monte Carlo-Lab
- Fix - Made Divergence work with N Bar Qualifiers
- Cleaned up more indicators so they do not plot before their first valid bar containing data.
Wealth-Lab 8 Build 9 - 9/27/2022
- New! The Price/Indicator Divergence condition detects bullish/bearish divergence between an indicator and Price action. A fuchsia arrow indicates the bar of detection and lines are drawn to show the divergence in the price and indicator panes.
- Fixed Description for checkbox parameter in Price Compare to Entry Bar.
Wealth-Lab 8 Build 8 - 9/10/2022
- Fixed wrong position sizes in portfolio backtest using "Trading the Equity Curve".
Wealth-Lab 8 Build 7 - 9/1/2022
- New Condition: One Entry Per Day.
- New Condition: Date Filter.
- Fixed "Position Profit/Loss" condition for LastOpenPosition Point Profit and also added a Dollar profit selection.
- Fixed bugs causing wrong behavior of the 'Trading the Equity Curve' PosSizer
Wealth-Lab 8 Build 6 - 8/17/2022
- Included Pivot R3/S3 as companion indicators, fixed incorrect pivot R3/S3 levels on intraday charts.
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.