What TASM brings to the table is its ability to allow laymen to create elaborate strategies with little or no knowledge of the complexity behind them, and be able to share them in an open community using nothing more than a web browser.
Toronto, ON (PRWEB) April 06, 2015
Investolution has been providing cutting-edge technology solutions for brokers and high-frequency traders. The new cloud-based TASM (Technical Analysis Simulation and Modeling) service now allows anyone with a web browser to create, backtest and share trading strategies: http://tasm.investolution.com.
Investolution Corporation has just announced the release of a new cloud service that allows traders and investors to create and share trading strategies in a web browser: http://tasm.investolution.com. The TASM service, which is short for Technical Analysis Simulation and Modeling, uses traditional technical analysis indicators as visual building blocks to allow anyone with a web browser to create automated trading models. Users can backtest their strategies with real market data and receive daily notifications as they generate signals. Besides eliminating the technical challenges associated with strategy creation, TASM also aims to create a collaborative environment in which different ideas and approaches can be experimented with.
“Making investment decisions with technical analysis indicators is nothing new,” says Cuneyt Karul Ph.D., President and Chief Technology Officer of Investolution Corporation and the inventor of the TASM technology. “Charting has been a major driving force behind trading decisions for over a century. What TASM brings to the table is its ability to allow laymen to create elaborate strategies with little or no knowledge of the complexity behind them, and be able to share them in an open community using nothing more than a web browser.”
TASM not only makes technical indicators intuitive, it also expands their functionality by allowing users to fine tune parameters and combine multiple indicators in ways not possible before. Most traders often evaluate multiple indicators simultaneously to determine whether a stock is overbought or oversold, which can be accomplished with a simple TASM strategy. TASM also lets the user combine multiple indicators, such as applying a moving average on top of a relative strength index indicator, which opens up a whole new way of creating virtually endless possibilities of custom indicators. TASM’s extensible architecture also allows for integration of proprietary algorithms or external data sources (e.g., social network sentiment) to be used in conjunction with more traditional approaches.
The TASM strategy builder is coupled with a backtester that automatically calculates the performance of a strategy against historical data. All strategy performances are recalculated every night, and strategy owners are notified when a signal is triggered. The site also provides a means of searching for existing strategies for a number of criteria, such as backtesting performance, actual performance and stock symbols, and to use them as a starting point while building their own.
To get more information and register for an account, please visit http://tasm.investolution.com. The TASM service is currently free and uses daily end-of-day data for calculations. A professional real-time version is in the works and will be released at a later date.
Investolution Corporation is a Toronto, ON-based technology provider specializing in high-frequency trading software design, algorithmic trading solutions and back-office automation. Investolution provides consulting services and software for a variety of financial institutions based on its flagship product ITP and Complex Event Processing engine. (http://www.investolution.com)