After One Day


If your OneClick Search has been running for one full day, you should now have some promising results to examine. The OneClick processing maintains a single resulting Multi-System, which continually improves over time as new trading strategies are evaluated.

Note: Searches do not pause or stop after 24 hours, nor are any prompts issued to view results at specific points in time. You may evaluate your results at any time by following the instructions below. We've used an arbitrary 24-hour period to allow you to become accustomed to letting your computer run StrataSearch continuously, and to provide ample time for the search to produce positive results.

The sections below describe how you can start viewing your search results:

Step 1: Opening the Combination Results Listing

Step 2: Examining the Combination Results

Step 3: Viewing Detailed Analysis Charts

Step 4: Viewing Detailed Analysis Performance

Step 5: Viewing Detailed Analysis Summary

Step 6: Viewing Detailed Analysis Detail

Step 7: Viewing Detailed Analysis Trades

Step 8: Viewing Detailed Analysis Monte Carlo

Step 9: Viewing Detailed Analysis Review

Step 10: While You Wait...




Step 1: Open the Run Combinations dialog

StrataSearch maintains 2 levels of results. The first level, known as the Combinations Listing, displays results of the trading system as a single row in a grid. This approach allows you to more easily compare results from different systems, and to organize and sort large numbers of trading system results. The second level, known as the Detailed Analysis, provides an abundance of information on a specific trading system. You'll be able to view Performance Reports, Detailed Equity Listings, Monte Carlo Evaluations, over 20 Charts, and more. Today, we'll be examining both levels of results.

To begin viewing the results of your search, click the Results button from the Processor window. If the Processor is idle or no longer processing your search, you can also open the Combinations Results by opening the Display > Combination Results menu.




Step 2: Examining the Combination Results

The Combination Results listing will now be displayed, showing the results of your search as a single line in the grid:

On the Combination Results Listing, you can:

A large number of additional options, including help for each of the columns, can be accessed by highlighting a result and right-clicking:




Step 3: Viewing Detailed Analysis Charts

To view the Detailed Analysis, right-click on the result in the Combination Results Listing and select View Detailed Analysis. Note: If the View Detailed Analysis option is not enabled, see Opening a Detailed Analysis for more information.

A Detailed Analysis listing of your results, thus far, will now be displayed:

You can begin by exploring some of the many charts available. These can be accessed through the View selection.

You'll also want to investigate the Portfolio Size option. When large numbers of buy signals are produced on a single day, StrataSearch will include only enough to fill the portfolio. This closely simulates real trading, where a portfolio is often used to identify how much cash is used to enter each position, and ultimately how many positions can be held at a time. For more information, see Portfolio Evaluation.

The Detailed Analysis also allows viewing of different money-management methods. These can be accessed from the Report selection at the top. Fixed Trade Equity assumes every trade is entered with the exact same amount of cash. Variable Trade Equity assumes profits are reinvested, and subsequent trade amounts increase or decrease depending on available equity. And the Trades Report excludes equity and is based on raw trade returns.

For additional information on the Charts tab of the Detailed Analysis, see Detailed Analysis - Charts.




Step 4: Viewing Detailed Analysis Performance

Next, you'll want to look at the Performance tab:

The Performance tab displays a straightforward and easy-to-read listing of the performance numbers. By evaluating the performance numbers, you can get a good feel for how profitable the system was, how consistently it performed, and how much risk was generated. For more information on the Performance tab, see Detailed Analysis - Performance.




Step 5: Viewing Detailed Analysis Summary

Next have a look at the Summary tab:

Determining the ideal Portfolio Size is an important aspect of system trading. The Summary tab allows you a line-by-line comparison of the performance values across all portfolio sizes from 1 to 20. This allows you to quickly identify which size worked best, and which you should use moving forward. For more information on the Summary tab, see Detailed Analysis - Summary.




Step 6: Viewing Detailed Analysis Detail

Next, let's look at the Detail tab:

The Detail listing contains all activity that took place within the account from beginning to end. Not only can you view cash balances and credits and debits, you can also examine margin balances (if used), and keep an eye out for margin calls. For more information on the Detail tab, see Detailed Analysis - Detail.




Step 7: Viewing Detailed Analysis Trades

Next let's view the Trades tab:

The Trades tab displays each position held, along with the buy and sell dates, the gross gain/loss, and the number of days held. The list is sortable by clicking on any of the headings.

Tip: Double-click on any trade in this listing to display a chart showing the buy and sell points of the trade.

For more information on the Trades tab, see Detailed Analysis - Trades.




Step 8: Viewing Detailed Analysis Trades

Next, we'll look at the Monte Carlo tab:

A Monte Carlo Simulation runs 1000 equity simulations based on random selections of the trades produced by the system. The result is a helpful analysis showing a large variety of outcomes that could have been produced by the trading system. For more information on the Monte Carlo tab, see Detailed Analysis - Monte Carlo.




Step 9: Viewing Detailed Analysis Review

Next, let's look at the Review tab:

The Review tab is a helpful tool that allows you to categorize different performance numbers as being Excellent, Good, Neutral, Poor or Fatal. When set up according to your specifications, you can get a very quick indication of the acceptability of the trading system and be alerted of any problem areas. For more information on the Review tab, see Detailed Analysis - Review.




Step 10: While You Wait...

Keep in mind that StrataSearch has been working on this search for just one day. Hopefully you're beginning to see some promising results, but remember that this is only the very beginning! Check back in another 24 hours to see how it's improved.

In the meantime, you may want to check out the Screener. The Screener is a powerful way to select and rank stocks that have qualities that you configure. For example, you can select and rank stocks that have exceptionally low Relative Strength Index values. Or, if you have fundamental data, you can select and rank stocks that have the highest Earnings Growth Rates. To explore the Screener, open the Display > Screener menu, or visit the Screener Help.

After another 24 hours, you'll move onto the next step. See After Two Days.