What is TradeLab Beta?
TradeLab Beta is an innovative system of three indicators designed to help traders test, create, and validate trading strategies. Currently in beta, it’s evolving with new features and regular updates. TradeLab Beta offers a robust foundation for analyzing trading strategy quality, enabling traders to optimize decisions and enhance market performance.
Key Benefits of TradeLab Beta
Complete Customization
Advanced Automation
Optimized Efficiency
How TradeLab Beta Works
TradeLab Beta comprises three essential indicators: Signal Tester, Strategy Builder, and Strategy Tester. Each indicator provides unique functionalities to facilitate the process of creating and testing trading strategies.
Description: Analyzes up to 100 historical positions, providing detailed signals on the chart. Allows selection of date and position type (long/short) to test the effectiveness of existing strategies from trading signal rooms or other sources.
Key Features:
Position Entry
Easily input up to 100 positions through settings to test specific signals and evaluate different strategies. We're working on speeding up the entry process.
Results Visualization
Gain a clear evaluation of tested positions' effectiveness by linking signals to the Strategy Tester.
Description: Create custom strategies by defining up to six entry conditions and three exit conditions. This tool allows you to combine and adapt conditions to design tailored strategies, facilitating experimentation and optimization of trading rules.
Key Features:
Entry and Exit Conditions
Configure specific conditions for entering and exiting the market, with options to customize trading rules based on your unique needs
Quick Test
Try and adapt various combinations of trading conditions to identify the most effective and high-performing strategies.
Description: Utilizes signals from Signal Tester and strategies from Strategy Builder to test and refine your strategies across various symbols and timeframes. Enables in-depth analysis of strategy performance using historical data.
Key Features:
Comprehensive Testing
Apply strategies to diverse symbols and timeframes to assess their effectiveness in different market conditions.
Results Validation
Examine and compare historical data results to fine-tune strategies and enhance trading decisions.
Risk Management
Set up tailored risk management strategies to protect your investments.
TradeLab Beta Details and Settings
TradeLab Beta provides a suite of customizable settings, allowing traders to tailor each indicator to their unique requirements. Here’s an overview of how the three indicators function
Signal Tester
- Position Selection: Choose up to 100 recent positions, both long and short, to display signals directly on the chart.
- Data Entry: Easily input the date and position type (long/short) through the settings interface.
Strategy Builder
- Creating Entry Conditions: Configure up to six entry conditions to customize your strategies.
- Defining Exits: Add up to three exit conditions to optimize position closing points.
Strategy Tester
- Using Signals: Apply signals generated by Signal Tester and Strategy Builder indicators to construct a comprehensive strategy.
- Trading Calendar: Fine-tune your investment timing by controlling months, days, and up to three hourly sessions, allowing for more thorough strategy testing.
- Risk Management: Utilize a diverse array of risk management tools—including four Take Profit levels, Stop Loss, Break Even, Trailing Take Profit, and Trailing Stop Loss—to optimize your trading results.
How to Use TradeLab Beta
TradeLab Beta streamlines the process of creating and testing trading strategies, making it more efficient and user-friendly. Here’s a guide on how to optimize your use of each indicator
Analyze the performance of past strategies using the Signal Tester. Select specific positions to test and view the results directly on your chart, providing a clear visual representation of strategy effectiveness.
Craft custom strategies by experimenting with various combinations of entry and exit conditions. The intuitive, user-friendly interface makes customization a breeze, allowing you to fine-tune your trading approach effortlessly.
Apply the generated signals to test strategies across various symbols and timeframes. Configure additional entry and exit conditions for optimal performance. Analyze the results to refine your strategy before implementing it in live trading.
Specific FAQs for TradeLab Beta
Absolutely. You can customize strategies using a wide range of indicators and conditions—not only from Cometreon but also from any indicator in the TradingView library that provides a testable constant value for generating conditions.
Yes, Strategy Tester provides comprehensive reports analyzing your strategies’ performance. Thanks to TradingView’s Strategy Tester tool, you can access data on all positions in the chart.
Not at all. You can activate and deactivate each position individually, making it easy to use with any number of signals.
With TradeLab Beta, you can combine different tested strategies to create a more robust approach, verifying their integrated performance.
Yes, TradeLab Beta is designed for detailed backtesting, allowing you to see how strategies have performed historically.
Start Using TradeLab Beta Today
Discover how TradeLab can revolutionize your trading approach, offering powerful customization and automation tools to craft successful strategies.