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Software capabilities and limitations

DLPAL DQ should be used as a scanner of daily or higher timeframe historical data.

The program can be used to determine whether there are any strategies with signals as of the close of the most recent bar in the data that fulfill the user-defined criteria set on the scan workspace. Here is a partial list of what one can do with the scan function:

Discover strategies with signals as of the close of a security that fulfill user-defined criteria and risk/reward parameters.
Study the sensitivity of strategies to changes in exit values.
Identify clusters of strategies to serve as an indication of a high probability setup.
Determine the 1-bar win rate of strategies.
Identify historical profitable strategies with next-close exit.
Scan multiple securities with multiple parameters.
Use the scan output for managing risk of open positions.
Perform a portfolio backtests and robustness tests of the scan results to identify significant strategies.

Like any software developed, DLPAL DQ has limitations:

DLPAL  DQ is a quantitative analysis tool. DLPAL DQ will not create final systems for autotrading. The user of the software has to put the work necessary for developing a final trading system according to desired criteria and risk/reward objectives. Trading strategy development is a difficult and time-consuming task and success with it is not guaranteed. DLPAL DQ will not find strategies that work on all markets especially if the markets are efficient and price action is dominated by noise. Read our disclaimer before ordering a license of DLPAL DQ.

Like any software developed, DLPAL DQ has code limitations:

– The program can read only ASCII text files.
– File names, excluding the path and the .txt extension, must be less than 26 characters.
– The back-testing algorithm calculates a limited number of performance parameters.
– The signal tracking function does not keep a log of the trading signals generated.

If you have any suggestions for any additions or enhancements to the program you may contact us using the appropriate e-mail address listed in our website: http://www.priceactionlab.com