Does anybody using wealth lab to develop trading system ?

Can share experience with it ?

Many Thanks

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Currency Trading|Commodities Trading

It is one of the best systems for backtesting even though primarily made for stocks and futures.

WHAT IS wealth lab,anyway? I'm kinda newbie around here.....

Hi. The vast majority of development has concerned stocks though you can trade futures and forex with it though it is not as 'easy' to do. There are a huge amount of strategies available free-of-charge to download, again the majority being stock trading strategies. If you can't code to save your life, it has a 'Wizard' built-in which allows anyone to turn out completely usable 'wealth scripts' so you can start testing out your ideas straight away. The backtester is also a major plus as it seems to be universally well respected. One thing, the majority of strategies available are EOD - the plus side to this is that there seem to be lots of profitable EOD stock strategies available. The cons: - backtests can be slow as its' scripts are 'interpreted' as opposed to compiled like in MT. The biggest problem concerns automation. If you reside in the US of A and take out an account with Fidelity, automating strategies should not be a problem as the API etc. is already built into Wealthlab ('cos Fidelity owns Wealthlab). It is much trickier if you live elsewhere or want to use a different broker. There is an adapter available to buy which works very well with Interactive Brokers plus one or two offerings available for free but require a lot more work (read re-coding). Nothing as easy as we have it with MT though where it's just a case of picking the 'best' broker...
Hope this helps.