Symbol Evaluation

When you first consider trading a new symbol you will add it to a watch list of your choice and then evaluate it to see if is capable of trading profitably with SwingTrader. An evaluation involves the SwingTrader running a back test using some variable strategy settings - a kind of mini optimisation. This is one click of the mouse for you and takes seconds for SwingTrader to carry out.

The results are shown as full back test results including the Equity Curve (see Instant Back Testing ) but in order to help you with a quick evaluation the results are also displayed as traffic lights. Green means profit potential should be good once fully optimised (example below), amber/orange means it may be worth optimising and red means it is unlikely to show a profit therefore not worth optimising.

The traffic lights are also seen next to each individual symbol in a watch list.

These traffic light ratings are updated whenever a symbol is optimised or back tested.

You should generally only trade stocks which have a green traffic light to give you the best chance of maximising profitability.