Guppytraders-Essentials
 

 

Scanvest - Scanning Software

SCANVEST - a trading system development platform
With Scanvest software you can create your own personal trading systems that tell you when and what to buy and sell according to your conditions. After creating your system you can back-test that system to see exactly where and what your system would have told you to buy and sell in the past. See a summary of each stock's historical performance (net profit, etc). See a synopsis (average of the summary page) of the scan's performance (net profit, profit/year, max drawdown, profit factor, etc) for overall evaluation.

Lets say you create a personal system that returned an average of 75% per annum (includes brokerage and trades that made a profit and trades that made a loss) over the last ten years. Even though historical performance does not guarantee future performance you would be fairly confident that future trades would yield similar results. Obviously using a system that has yielded good historical performance is much better than using a system that historically has made a big loss. Trouble is that most traders have no idea how good or bad their current trading system really is. Now ScanVest gives you the tools to find out.

What is a system?
A system is a set of instructions, rules and methods created by you that tells you what to buy and sell. The system can include instructions like "read financial pages", "PE ratio greater than 25", "today's close above yesterday's close", etc. Whatever the system is, however it is stored, you follow the system to the letter and only disobey the system in exceptional cases. Just like you, the system will make bad trades however you accept these as part of the system and therefore evaluate the performance of the system as a whole rather than each individual trade. If the system you have designed is not working then you fix the system not the trades.

    Why use a computerised testing and evaluation system?
  1. A system can be tested.
  2. A system removes the emotion from trading.
  3. A system is easier to fix than 1000's of individual trades.
  4. Saves you scrolling through 1000's of charts.

ScanVest is the tool that allows you to develop, test and evaluate the trading system you have developed.

So put your thinking cap on, dust off that notepad containing your jotted down systems and enter them into ScanVest. Then sit back and relax whilst your computer highlights and evaluates the investment opportunities found by your personal system.

How much time are you willing to spend looking for investment opportunities? Are you missing prospects due to the time consuming and unreliable procedure of eyeballing thousands of charts? Let ScanVest give you your life back by simplifying your trading procedures.

Operating ScanVest is a 4-step procedure:
1. Create your trading systems
Click and build your personal systems using technical, fundamental and statistical analysis indicators and tools (MA's, MACD, RSI's, etc). Use simple combinations to develop simple trading systems. Use multiple combinations to build advanced systems. The choice is yours.

2. Improve your trading systems
Back test your personal systems to see their historical performance. Improve performance by modifying and back testing over and over again (optimising). Learn what works and what doesn't. Modify the system not each trade.

3. Evaluate your trading systems
Colour coded reports highlight recently opened and closed positions and include figures for net profit, profit/year, max drawdown & profit factor. Figures depend on initial outlay, entry/exit fees & entry/exit method (e.g. "buy tomorrow at open") that you specify.

4. Find opportunities with your trading systems
Historical performance OK, historical profitability OK ~ all systems go. Run your effective scans daily and see what new market entries or new market exits your personal trading system shows.

With ScanVest you no longer have to take the dartboard approach to your trading decisions. ScanVest reports, finds and opens viable positions and closes them when they fail to meet your personal trading conditions ~ removing all emotion from your trading. By using the back-testing feature you can see the downfalls of your personal system before you invest any money.

How often have you ...
Imagine being able to run the same personally developed scans on a daily basis with just the click of a button, then having the results displayed so that you can easily see what has been added ~ now that's convenient.

Imagine being able to think up a new scan, create the scan, test the scan (using strict back-testing technology) then run that scan, on a daily basis, with your existing scans ~ now that’s smart.

Imagine being able to create, test & run on a daily basis multiple scans where each scan is made up of multiple strategies and each strategy is made up of multiple conditions ~ now that is power.

Imagine being able to set up different strategies with different sets of securities, e.g. one strategy for stocks priced below $1 and another strategy for stocks priced more than $1. Or one strategy for banking stocks and other strategies for stocks in other sectors.

Imagine being able to scan for close price above Resistance or below Support or above the current minor upper trend line.

Stop imagining and make it happen now by purchasing ScanVest at this great price of only $1245, including a 12 months subscription to BodhiGold (ASX Elite Pack) and GTE Charting! That’s a massive saving of $225.

ScanVest is powered by JustData’s BodhiGold end-of-day data service. This gives you access to accurate and reliable fundamental and price data information. JustData have specialized in electronic information solutions since 1990, so it is not surprising that they are the data provider of choice for thousands of investors worldwide.


In Summary:
ScanVest is suited best to the intermediate and advanced trader who wants to accurately test his trading ideas. It will be the most important tool in your investment arsenal and can also be used alongside any major charting program.

  • Includes Presaved Scans: If you are new to developing a trading system to scan the market for then you can choose from ScanVests list of presaved scans (ie. Alan Hulls Active Investing; Triangle Patterns etc.)
  • Supports Multiple scans: the astute trader can design their own personal scans using ScanVest's many built-in conditions (trading tools and indicators). Each scan you create can support multiple strategies and each strategy can support multiple conditions. There are no limits.
  • Backtesting: Backtest by scanning over your historical database for performance of your selected personal trading strategy.
  • Filter the data: Make your scans quicker by including only the information you want in each scan. ScanVest lets you filter data on different criteria – symbol (BHP), Market (equity), Sector ( banking), Ranking (< 100), Close price, Source ( ASX,SFE)
  • Over 60 inbuilt trading indicator Conditions: Scan your database using the tools and indicators for technical, fundamental and statistical analysis. These conditions include: Moving average, Bollinger Bands; Dividend Yield; Guppy Countback Lines; Hull Rate of Return Indicator; MACD; Market Capital; Relative Strength, Resistance, Liquidity, Support, Pattern to name a few.
  • Totally configurable: Every condition supplied in ScanVest is configurable by the user. For example: If you choose the Moving Average condition you can set the Style to Simple; Exponential or Weighted. You can also choose whether you want the Moving Average to be drawn on the close, high, low, open or volume price and you can set the period. Each condition has configurable fields relating to that function.

 

Guppytraders Essentials

Overview
Buy It
Home Page

Go to the top of the page Home | Charting Software | Data Services | Seminars/Training | Order Products | Sitemap | Contact Details & Privacy Statement
Copyright © 2001-2007 Dane Boag Pty Ltd. ABN: 62 005 701 164   All rights reserved