Frequently Asked Questions (FAQ)
Absolutely NOT. This was designed to give the non-programming trader and money manger the ability to do advanced quantitative analysis. Hopefully, this software can save you the costs of hiring a few quants or programmers.
If you choose to do so, you do have the ability to build additional signals with Python and test them alongside the pre built-in Build Alpha signal library, however. This is NOT required to use the software and is just meant as an additional feature.
Currently almost every futures market – all data is included and continuously updated every week. The major stock indexes such as eMini S&P500, Nasdaq, Dow Jones, Russell, Dax, and the Nikkei. Two, Five, Ten year notes and 30 Year Bond. German 10 year Bund. Corn, Wheat, Soy Bean, Sugar, Lean Hogs, Live Cattle, Coffee, Orange Juice. British Pound, Yen, Euro, Dollar Index, Aussie Dollar, Canadian Dollar, Swiss Franc. Gold, Silver, Copper, WTI Oil, Natural Gas.
Now also with major Forex pairs, ETFs and BITCOIN! For other cryptocurrencies and intraday data please contact via email.
ETFs are now available! Since stocks are so numerous they are available upon request. Please just send me an email! US listed and delisted stocks only. Of course you can import stocks from any other country as well.
Yes, major 30 pairs available
Daily data for as far back as the contract has existed. I am currently working to provide streaming and live data for all timeframes such as 5, 15, 30, and 60 minute charts. You can of course import your own data as well even custom bar types like kase, range, volume based bars. Please view the demo videos to see how.
For custom timeframes and temporary solutions please contact email@example.com.
Currently, we can test up 5000+ signals which is close to (5000 choose 4 or) 5000 choose 4 -2.6010428e+13 possibilities per simulation in less than 2 minutes. The less signals the faster the processing time; 50 signals can be tested in mere seconds. Simple price action and technical strategies can be done in a second or less. For example, a simple RSI2 strategy (buy when RSI2 < X and sell when RSI2 > X) can be done in less than 1 second.
Build Alpha allows users to select out of sample percent, minimum number of trades both in and out of sample, as well as do advanced Monte Carlo drawdown analysis and variance testing. We cannot guarantee future success, but we believe proper testing, advanced tools, and expert analysis provides the best opportunity for success in the future. However, please view our full risk disclosure below.
We have also attempted to eliminate curve fitting mistakes by not allowing users to optimize parameters and using many very concrete signals that do not vary based on “lookback” parameters.
Additionally, the strategy code results in less than 20 lines of code. These are not overly complex (and easily curve fit) mathematical models, but rather time tested patterns that are objective.
Yes, a large search space or feature set can find great strategies simply by random chance. However, I have implemented and continue to implement ways to prevent against overfitting/curve-fitting or reducing the probability that a great strategy was not found simply by random chance. For example, out of sample testing, requiring a minimum number of out of sample trades are the most obvious ways.
Furthermore, we test all systems against a “baseline” which is comprised of signals tested on fake/synthetic data as well as random signals tested on real data. You can also test specific strategies across other markets. Other markets provide valuable “out of sample” data, in a roundabout way. Expect this feature in early 2017 and will be a free upgrade (all upgrades) to all life-time license holders.
Finally, Build Alpha only uses a maximum of four rules or less per strategy and all the rules are simple and deterministic. However, you can control the system limits in the settings menu to expand or decrease number of rules, data used, etc.
Yes, if you can recreate your strategy using the Build Alpha signals and custom signal builder then of course Build Alpha can optimize and improve your strategy!
If you prefer to import your strategies results then Build Alpha now offers the ability to import custom strategies to run analysis and robustness techniques on but cannot optimize imported strategies. Please view the video here buildalpha.com/demo
You can also import your own strategy and find times to hedge it buildalpha.com/improving-strategies
Yes, the trader/money manager has the ability to enter custom slippage and commissions as I understand many traders have many different commission plans.
No, but please contact us for a live demonstration or view our demo page here: www.buildalpha.com/demo
Yes, there is a private user forum and a user guide that comes with every license. You also get access to a 50 plus video course that explains the software from start to finish, highlighting each feature, a few examples, some dos and donts, and much more. From System Trading Basics to an in depth dive.
Plenty of complete beginner system traders have picked up Build Alpha immediately. It is designed to work flow step-by-step and the videos will clarify.
Short answer: No. You can even have fully functioning search capabilities with no internet connection! This is a stand alone product/software that has everything built in.
However, Build Alpha does generate fully functional code for TradeStation’s EasyLanguage, MultiChart’s PowerLanguage, NinjaTrader’s C# (both 7 & 8), Python for Quantopian, MetaTrader4 and Pro Real Time. We are actively working on generating code for other brokers as well. However, if not using TradeStation, Multicharts, NinjaTrader, MetaTrader4, Pro Real Time or Quantopian and wish to automate a strategy you have built then please view our consulting page as we offer strategy to code services, as well.
Software requirements: MS Windows 7, 8, 10 (x86 or x64); .NET Framework 4.0.
Hardware requirements: 400 MB RAM, 20 MB free drive space, 1024×768 display, Internet connection (for updated data).
I can help you install a virtual machine that will act as a program that will allow you to run this software on your mac. There are a variety of free and cheap solutions. Please contact if you have questions or would like the process explained further.