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PowerSTTM is a professional, institutional level backtesting software product. For the specialty of intermediate to longer term time horizon position trading, PowerST is a complete strategy research and trading software solution for CTAs, hedge funds, and other more advanced systems researchers and traders.
Product summary:
- An emphasis on position trading and portfolio level testing, including the ability to test portfolios composed of multiple markets and multiple systems, and advanced portfolio level money management testing capability.
- Robust business level product offering including availability of 100% full C++ source code for the strategy testing calculation engine.
- High end strategy testing capability:
- True portfolio level testing, vertical (information and risks for trading in the individual market and system) and horizontal (information and risks for trading in other markets and systems). Dynamic portfolio level money management decisions based upon portfolio level metrics available bar by bar during the simulation.
- The ability to scale open trades (i.e. adding or subtracting additional contracts or shares to and from open positions) based upon portfolio level considerations. For example, to dynamically adjust risk for the current trade, for market sectors, for one of multiple systems being traded, and/or the risk of the entire portfolio.
- Extremely flexible optimization (i.e. parameter stepping) feature with programmable control over the optimization loops. The ability to customize the contents of the optimization report including user defined performance statistics. Portfolio level optimization, including optimization of money management strategy parameters.
- Detailed, highly programmable, highly interactive charting. Extensive and detailed reporting from portfolio level down to individual markets.
- Forward trading support for generating trade signals based upon actual market positions, including money management position sizes.
- Trading rules programming is based upon C++, but in a simplified form designed for non-programmer traders. This has all of the advantages of C++, and strategy research can be done by strategy researchers themselves the same as with products based upon proprietary languages.
Or for more complex strategies, the full C++ language is available along with extensive programming environment access to the internals of the strategy testing engine. This is a core aspect of the PowerST product design. The entire product is oriented around this concept of simple to complex strategies being a gradual progression from simplified C++ to more complex C++ to any level of full C++ that is needed.
- PowerST addresses the high end of the product spectrum with a product firmly oriented towards programability, customizability and extendibility:
- Most reports in the software are fully customizable, plus facilities for creating new custom reports.
- Separate programming environment for composing new performance statistics.
- Based upon C++, there will never be any language restrictions.
- Speed! Both the PowerST software itself and the user programming of trading strategies rules is all pure, raw compiled C++. This makes PowerST hugely fast.
Power is the namesake of PowerST, a name that was chosen to reflect the design goals of the product. The priority in every aspect of the PowerST software design is maximum programmability and flexibility (as opposed to simplicity). The power versus simplicity tradeoff is a reality of backtesting software, and PowerST is the software at the extreme of this balance. PowerST is a more technical product, with an emphasis on the ability to write code to test any kind of trading strategy, as well as to write code to modify the testing environment. This programmability is as opposed to choosing from a fixed list of options in a user interface dialog box (although PowerST provides plenty of that also). PowerST is a unique balance of very advanced strategy testing capabilities in a full featured and highly usable commercial product. Various PowerST customers are doing all kinds of advanced research, some it beyond the capability of any other backtesting software.
| "This really is the cutting edge. If you are serious about rigorous, accurate testing of trading systems along with portfolios and position-sizing then PowerST will not disappoint you. This is a monster of a testing package which contains features that I have not seen in any other trading application regardless of price."
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Ross Bond
Queensland, Australia
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| "This is not a retail product. PowerST is a well designed, well maintained, professional business-level software package. Designed by a professional C++ programmer with 15 years of feedback from users influencing the evolution of features. Maintained by that same programmer today."
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Eric Crittenden
Director of Research
Blackstar Funds, LLC
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| "Bob Bolotin is very trustworthy and his PowerST software has been an incredible help to my business. Bob is always available to help if we have any questions. PowerST has no limitations compared to traditional trading or investment software. Great software and great support."
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Lee Hull
Principal
Hull Capital Management
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| "BTW, I want to add my appreciation... I don't recall ever using an application with the level of sophistication and power of PowerST with as much satisfaction and as little trouble. You've done a marvelous job in creating PowerST and I greatly appreciate your support. Thanks!"
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Paul Zislis
Philadelphia Area
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Target Market for PowerST:
The PowerST product was originally oriented toward futures. With a specialty directed towards position trading and portfolio level money management, PowerST is especially well suited for intermediate to longer term time horizon position trading CTAs.
PowerST is also well suited for researching equity strategies. In particular, systematic trading of equities with portfolio level risk management. PowerST has the ability to test portfolio level strategies against unlimited quantities of markets and data, and the speed of PowerST makes this practical.
- One customer has used PowerST to test a trend following equity strategy against the full universe of all stocks ever traded on U.S. exchanges, past and present (around 24,000 securities). This idea of applying managed futures type strategies to equities seems to be an emerging area of interest for CTAs and hedge funds, and PowerST is very well suited for this type of research.
- Another customer is using PowerST to scan large quantities of stocks, funds, and ETFs to look for trading opportunities, and historically testing this as a fully mechanical strategy including money management.
- A recent comment from another systematic large scale stock trading strategy customer:
"I would safely say that the calculation engine is probably the most powerful and debugged engine out there in terms of capabilities, efficiency and speed. We test more than 7000 markets simultaneously from a 22,000 database of symbols including defunct and delisted stocks. This takes about 3 minutes."
With large capacity and flexible ability to work with multiple data sources, PowerST is also ideally suited for historical testing of traditional hedge fund type strategies. For example, factor backtesting would be an example. This could be an opportunity for hedge funds to explore historically testing complete systematic strategies that in the past may not have not been fully testable except possibly with custom software.
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Interested?
This web site you are currently reading is essentially a sales brochure. This home page above is a short introduction, and the
Product Overview page is a more detailed introduction.
The goal of the sales brochure is to introduce the PowerST product, and to explain the target market for the product. The goal is to give you, the reader of this web site, an initial introduction to answer the question of whether the PowerST product may be of interest to you.
For those who are interested in learning more about the PowerST product after reading this introductory web site, there is discussion about the next step in the pre-sales process at the bottom of the
Product Overview page.
However, first is the
Product Overview page of this introductory web site.
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