| Opening a Trading Account in ScanVest 2 |
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Description
When you begin trading you need a trading account with a broker, so too with ScanVest. We will simulate that we opened an account with $50,000 on the 1st Jan 1998 (approx 10 years ago). We will set our brokerage rates and our position sizing method.
To launch the account editor, click on Edit (above the Scan button) then Accounts.
Creating an Account
- Click on File then Account then Insert.
- This will create a trading account with a name like Account1.
- By default it sets the position-sizing model to Fixed Percent Risk, since we want to use Fixed Percent Risk we do not need to change this.
- By default it also sets the Brokerage to that displayed. For our back testing purposes this is fine as it is.
- Now that we have an account we need to deposit some money into it, click on Cash (on the main menu) then Insert. Set the date to 1/1/1998 and the amount to 50000.
- Close the window (x button) to finalise the transaction.
- You should now see $50,000 deposited into your trading account, ready for use.
- Close the Accounts editor (x button).
- You can now start creating your systems. If you would like to learn how to create systems please click on one of the following links:
» Creating a MACD System
» Creating a Moving Average Crossover System
» Creating a Open Close Price System
» Creating a Parabolic SAR System
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