This is a trading item or a component that was created using QuantShare by one of our members.
This item can be downloaded and used by QuantShare Trading Software.
Trading items are of different types. There are data downloaders, trading indicators, trading systems, watchlists, composites/indices...
You can use this item and hundreds of others for free by downloading QuantShare.
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After adding this money management script to your trading system, you will be able to display the benchmark return in the simulation report table and the benchmark time-series in simulation graphs. This allows you to compare your strategy equity or rate of return against a benchmark such as a market index or an ETF (Exchange traded fund).
To add a money management script to a trading system, update the trading system, select "Money Management" tab, click on "Add an existing ..." then select the "Benchmark Return in a Trading System Simulation" item.
Before running a simulation, enter the ticker symbol of the benchmark (Example: ^GSPC for the S&P 500 Index, ^DJI for the Dow Jones Industrial Average or ^RCMP for the NASDAQ Capital Market Composite).
After the backtesting process is complete, you will see a new "Benchmark Return" column in simulation report table (Next to "Report" column).
To display the benchmark time-series, select "Benchmark" in the "time-series" list (in "Summary" tab) then drag and drop it on the chart.
