ProChart Strategy and Test (PST) uses an intuitive and highly interactive approach to building strategies, an approach that encourages iteration. Start with a strategy framework or some loose relationship you would like to explore.
Either way, give it a try, you'll get feedback instantly and lots of ideas... guaranteed!
Money Management is Risk Management
A large part of strategy development is risk management and ProChart Strategy and Test offers three different account management options, Raw, Cash and Margin.
Raw mode allows the trader to set up conditions, entry/exit signals, and evaluate a strategy’s overall effectiveness without having to consider resource limitations. Once armed with a promising strategy, the trader can then move to a Cash or Margin account to optimize order size and risk management.
Cash and Margin accounts operate as virtual trading accounts allowing the trader to iterate through various order sizing and risk management options. Both, Cash and Margin, accounts offer numerous settings than can be used to simulate real accounts.