WE FOLLOW A CAREFUL
DISCIPLINE designed to explore many dimensions of a trading tool, whether we are building something for you or are evaluating your public offerings. If you wish to do your own back testing of trading concepts, check out our System Sleuth profit finding tool.
We look at
three trader tool aspects specifically:
- bugs - failures of the tool to meet the specification
- usability - ways in which the tool impedes a trader's attempt
to do things within the specification
- expandability - ways in which the tool impedes reasonable
use beyond the specification
We take a very hard-line position about usability and expandability.
This is in contrast to other groups. For example, an indicator not only analyzes price action, it also displays a signal of some kind to the trader regarding that price action. We tend to take
strong approach to recognition ease of that price action signal in addition to making sure that price pattern is properly detected by the underlying algorithm.
We emphasize usability because perception errors will occur as they would
even with a live human friend. So, a very relevant concern
is how the indicator signal can be seen on the screen as well as its faithfulness to pattern capture
We stress expandability because inevitably a user is more imaginative
about the ways to employ an indicator because of rising expectations
associated with computers that can now seemingly do anything.
We believe, therefore, that for any trading tool to survive, tool designers
must pay attention to reasonable applications of the product outside
of the original target design.
More on bug testing...
More on usability...
More on expandability...