Price Action Lab Blog

Premium Market Analysis

DLPAL software

Deciding Which DLPAL Version is More Appropriate

Traders constantly ask us about the DLPAL version that is more appropriate for their trading. Below are some general guidelines.

These are brief descriptions about DLPAL version functionality and use:

DLPAL S is for trading strategy developers that follow systematic signals. This version identifies parameter-less strategies formed in historical price data that fulfill user-defined performance statistics and risk/reward parameters and generates code for strategies and systems of strategies for the Quantopian platform, Tradestation (EasyLanguage), Multicharts (EasyLanguage), NinjaTrader (7 and 8) and Amibroker AFL. Therefore, those interested in developing strategies for systematic trading may use this version.

DLPAL DQ is a quantitative scanner that identifies parameter-less strategies formed in historical price data that fulfill user-defined performance statistics and risk/reward parameters as of the last bar in the input data files. This version also generates code for strategies and systems for the Quantopian platform, Tradestation (EasyLanguage), Multicharts (EasyLanguage), NinjaTrader (7 and 8) and Amibroker AFL. Discretionary traders that like to scan many securities each day for opportunities and also like to make the final decisions instead of following a system may find this a more appropriate version.

DLPAL LS calculates a set of features that measure the directional bias of single securities or groups of securities. This version is more appropriate for both systematic and discretionary equity long/short traders but also directional traders in other markets. The features allow ranking securities according to specific criteria. The reduced functionality version is appropriate for quant discretionary traders and the full version is more appropriate for professional traders and hedge funds that would like to also develop strategies based on the features the program calculates.

Articles with examples for each version can be found here.

Demo trials

Click here to order demo  trials.

Disclaimer

Leave a Reply

Theme by Anders Norén