Portfolio Selector lets you take your TradeStation system strategies and test them across a diverse array of portfolio markets. It does this by reading in the files that are exported from TradeStation and calculate several important portfolio metrics such as: maximum combined drawdown, total combined equity, profit to drawdown ratio, and total portfolio flat time. Calculating metrics such as these is important because a system that performs well on market-by-market basis may in fact produce an account draining drawdown if those systems are traded simultaneously.
A very simple (and one that should not be attempted) example of the power of this software would be if you have a $10k account and you trade a system on two markets. Let’s suppose the drawdown on each market independently was $5k. Trading one market the account would survive, but trading both at once could wipe out the account. Portfolio Selector lets you avoid this pitfall by letting you test your EasyLanguage systems across multiple markets!
It is worth noting that this functionality is actually included within TradeStation at a cost of $50 per month! So for one year of this capability you would have to pay $600, for two years it would be $1200, and so on. However, by buying this software, you only need to pay a fraction of that. For a $99 one-time fee, you can have this capability for life! This lets you keep more money in your pocket for trading!