Wealth Lab is a technical analysis and electronic trading platform previously owned by Fidelity Investments.
[2] Shortly thereafter, the original Wealth Lab team rewrote the code base and independently released version 7.
Users with subscriptions can program, backtest, and automate trading strategies for various financial markets, including stocks, futures, forex, options, and cryptocurrencies.
[3][4] Although it is geared toward programmers, it has a drag & drop feature that allows non-programmers to create their own trading strategies based on technical analysis without the necessity to edit or even view any source code.
The difference between the two versions resided in their use of market data streams, custom software extensions, and technical support.
[11] All Wealth-Lab software users can get supplemental help designing and debugging their strategies via the developers community which is accessible via the forums and wiki found on the support website.
[13] Wealth-Lab 8 is noted for its extensibility,[14] allowing seamless integration of broker and historical/realtime data providers, optimizers, position sizing methods, compiled strategies, reusable method libraries, performance visualizers, chart drawing tools, Building Block Strategy rules, and more.
Wealth-Lab Version 6.0 Included native integration of legacy add-on product, Index-Lab, 64-bit compatibility, and a "Multi-Condition" rules dimension.
Wealth-Lab Version 6.6 Released in late November 2013, added an integrated tool for Walk-Forward Optimization backtest and analysis.
The new drag-and-drop interface for Building Block Strategies make it more versatile to use all indicators, events data, candlestick patterns, and other condition qualifiers.
The backtesting engine was overhauled to process bar-by-bar,[16] which allows strategies to dynamically access and interact with the equity curve and other simulation aspects.