My review of Price Action Lab after two years of use | Trading Reviews and Vendors - futures trading strategies, market news, trading charts and platforms

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My review of Price Action Lab after two years of use

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Vendor self-promotion
Trading Experience: Intermediate
Platform: Multicharts
Favorite Futures: ES
Posts: 68 since Jul 2013
Thanks: 15 given, 19 received

My review of Price Action Lab after two years of use

In the beginning we hesitated to purchase this software because we have tried some alternatives and we had no luck. Since we purchased it we have upgraded to all new versions.

  • Easy to use
  • Generated code is clean
  • Can easily test systems on different markets
  • It has a scanner for daily data
  • Systems tend to be robust if properly selected
  • Some nice features like a position size calculator, a random analysis tool and price series stats.

  • No multithreading
  • Must break data in in-sample and oos before search
  • Generated code is only for backtesting
  • No indicators - only price patterns (may be an advantage)
  • Only fixed dollar or percent stops
  • No free code for trials

The software works as expected and it does generate systems but future performance depends on selection process. We like it but you should do you own homework. We hope that this positive overall review will help the company to upgrade the software and provide more features.

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