Wealth Lab Algorithmic Trading Starter Kit (Udemy.com)

The only course in the web about Wealth Lab that will take you from zero to hero

Created by: Yuri Zolotarev

Produced in 2018

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What you will learn

  • After this course you will be able to code your own trading strategies, run suffisticated backtests of your trading ideas and have a more stable view of what you trading should look like.

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Quality Score

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Course Depth & Coverage
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Overall Score : 92 / 100

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Course Description

Some software is ready to run straight after you install it. With Wealth Lab, the story is a little bit different. If you have never used it and you are also very unfamiliar with coding, chances are high that you will open it and close it with disappointment after you cant do anything with it for a few hours.
Module I or the Algo Starter in the Starter Kit is designed to give you a feeling of what is it like to be able to use Wealth Lab at 150% of its capabilities. After going through module I you will get a complete understanding of the following:
Installing Wealth Lab.
Comments on Pro Version and Trial periods.
Downloading extensions.
Getting market data for US, Forex and other markets.
Wealth Lab overview.
Main windows, optimization possibilities, combination strategies.
Running some demo tests.
Setting up the commissions and slippage.
Installing and setting up Visual Studio.
Installing custom community chart styles and indicators.
Building projects inside Visual Studio.
Custom options overview.
Money management and test date control systems run through.
Strategy from rules overview.
Charting options.
Adding indicators and changing chart styles.
Wealth Lab is complexed enough even without coding and it is quite difficult to get around all the possible tabs and windows inside even before you get to strategy design.
After this training module, you will find yourself comfortable enough to work with the software without going into code yet. It can be used as a powerful charting software and be a great helper in simple tech analysis. Also, the course goes into basic Visual Studio set up that is required for module II.
After you are done with module I you should be comfortable enough to go on further into coding with module II which is Coding for Traders which is all about coding but based on trading within Wealth Lab. The overall syllabus for module II looks like this:
Lecture I The BeginningLecture II Data TypesLecture III Working with DataLecture IV Data Inside Wealth LabLecture V Object Oriented ProgrammingLecture VI Collections and LINQLecture VII More Operators and StructureBy this point you will be completely ready to go for your first trade system design. In module III Trade System Design we go over the main framework I use and you can easily learn it for your own strategies. Here is the outline:
Lecture I Basic System FrameworkLecture II Coding More Complexed Strategies ILecture III Coding More Complexed Strategies IILecture IV Time Exits, Trailing Stops and SARLecture V Trading Breakthroughs with Stop OrdersLecture VI Multiframe SystemsLecture VII Simple Arbitrage Strategies and Multi Symbol TradingLecture IIX Screener TradingThere is also a bonus at the end of this section which is actually the next section that gives you complete frameworks for most popular trade system design types.
PRICE CHANNEL BREAKOUT TRADING SYSTEMTURN AROUND CANDLE PATTERN TRADING SYSTEMEMA CROSSOVERDMI CROSSOVERINTRADAY PIVOT BREAK THROUGHALEXANDER ELDER 3 SCREEN FRAMEWORKFinally I will introduce you to some complex coding and my own work on system performance ranking and making custom trackers for Wealth Lab. Inside the Total Score module you will find out what is it like to feel like a pro.
The course is a blend of coding the performance visualizer which requires some extra understanding of C# and creating a ratio that can really help in analyzing how well is the strategy performing overall. After the course you should be able to organize your strategies on a one unit performance basis and compare them across symbols, timeframes, time periods and money management systems.
Outline of Total Score Take 99% of the performance data you see in the ordinary Wealth Lab performance card and calculate it by yourself to display on a separate tab in Wealth Lab. Use this data to calculate extra performance data like current drawdown, maximum days since last equity high, current days since last equity high, percent months in profit, average drawdown and more. Take any performance data you wish, combine it and put it into a total score ratio to judge upon system performance using a single unit across all systems. Code your own scorecard for optimization. Put the total score you calculated in the performance visualizer into your optimization scorecard and optimize your strategies using your own performance ratios.
Next we dive into some real amazing tools I have created for my own market research and work based on Fractals and Pivots. These tools no matter the circumstances will make your trading much more powerful! At this moment I introduce you to the Fractal and Pivot Masters.
Overall look no further, this is the most complete course on Wealth Lab you will ever see on the web. Have fun!
Please trade with caution!
Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
Who this course is for:
Anyone interested in indepth understanding of algorithmic trading and financial market research.

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Instructor Details

Yuri Zolotarev

Yuri Zolotarev has extensive experience in programming in C# especially for the financial industry. He has written over a thousand trading strategies for Wealth Lab and NinjaTrader as well as worked on development of major quantitative financialsystems.

Yuri's stack is based upon C# .NET, Angular and Xamarin. He has also been valuably involved in development of enterprise products for various business automation processes creating web application, standalone solutions and mobile apps.

He has been a video instructor for many years now and has recorded a wide range of training materials for private clients as well as for public availability.

Outside the professional world Yuri enjoys jazz guitar and training his Labrador named Harley.

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Reviews

4.6

5 total reviews

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By Robert Taylor on 11/9/2019

It was a good match for me because I have a lot of coding experience but very little Visual Studio and C# experience. However, I would guess that most traders with no coding experience would find this very bewildering.

By Robert ivanoski on 3/16/2019

This is wonderful. Not for the faint of heart. Love it!!!

By Jose Garcia on 1/11/2019

Excellent introduction and very relevant examples.

By Niels Oelgart on 11/15/2018

very good explanation. Many hints und interesting coding ideas also for experienced Wealth-Lab users. Systems can be developed further easily.

By Jim Snyder on 3/21/2018

Best source that I could find for learning how to program / backtest with WealthLab Pro. The sample programs that are reviewed in detail cover a wide range of possible trading strategies. Also, the framework that is provided in the classes has proven very useful in programming my own trading ideas.
It would have been nice to spend a bit more time on methods, constructors, and the like, but overall this course hit the spot! Highly recommended.