EdgeWare FastBreak Pro Version 6.5 - Manual (Page 6)

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3.0 Upgrade Notes
Maintaining Existing FastBreak Trading Strategies
If you have existing FastBreak strategies that you like we recommend that you keep the
old version of FastBreak on your computer until you have verified that the strategies
produce the same results with the new version. Prior to installing the new version of
FastBreak go to the folder where the existing version is located, typically ftbreakp for Pro
users, and find the file ftbreakp.exe.
Rename this file ftbreakpVx.exe where Vx
represents your current version (ftbreakpV6.2.exe for example). Now put a shortcut to
this file on your desk top.
We also recommend that if you are making a major upgrade, i.e. from Version 5 to
Version 6, then install the new version in a new folder, e.g., ftbreakp6. This will allow
you to segregate your new files and systems that are associated with this new major
version.
If you see significant changes in favorite trading strategies then continue to run these
strategies in your old version of FastBreak until you have a chance to create new
strategies in the new version. You can have multiple versions of FastBreak installed on a
computer so there is no problem running these old strategies.
Release notes for FastBreak Pro Version 6.5
Bug Fix and Better Error Checking on Early Start Date
V6.5 fixes a problem when the Correlation Check option is used.
Sometimes the
correlation check wasn’t properly being applied.
As more and more users use ETFs that have a limited price history that would result in
errors if a user selected a start date that is too early. We have made changes that will
result in fewer errors/crashes if an early start date is chosen. A user should still try to
select a start date that is relevant to the beginning of price data for funds in the trading
family.
BOOM (Breakout Optimization Method) with Linear Slope Ranking
Long term FastBreak users are familiar with the BOOM option for ranking. Read the
description for the option later in the manual. We have made BOOM available to use
with the Linear Slope ranking method. In recent years we have found that Linear Slope is
a great ranking method for stocks and ETFs. This ranking method appears to help adjust
for the greater volatility of stocks/ETFs vs. the less volatile mutual funds so allowing
BOOM to be used with Linear Slope was a natural extension.
Buying Weakness and Selling Strength
FastBreak Pro V6.5 adds two new capabilities (RAT and BAT) for buying and selling
into what may be permanent or temporary strength. Some of the changes are intended to