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FAQ: General

FAQ: General

Question:

    What is TASM?

Answer:

    TASM is an online service to create and backtest trading strategies with Technical Analysis indicators and share them with others easily.

Question:

    What does TASM mean?

Answer:

    TASM is an abbreviation for Technical Analysis Simulation and Modeling tool.

Question:

    What is Technical Analysis?

Answer:

    Technical Analysis is a field of finance that predicts the price of a security by studying its past data. Technical analysis make use of Indicators which are mathematical transformations of price and volume information.

    For more information check Wikipedia Entry for Technical Analysis


Question:

    Do I need to have a deep understanding of Technical Analysis to use TASM?

Answer:

    Even though it doesn't hurt to know what technical analysis indicators are and how they work, for most part all you need to do is to drag and drop objects on your screen to create and backtest your strategy. More importantly, you can see and clone other peoples strategies with a single click of a mouse. The real strength of TASM is the possibility to share strategies very easily and improve on them without touching your keyboard.

Question:

    What do I use TASM for?

Answer:

    A typical user will use TASM for one or more of the following:

  • To create trading strategies based on Technical Analysis indicators
  • To backtest trading strategies against past stock data
  • To check to see if their strategy has created a signal on any day
  • See strategies created by others and save a copy for themselves
  • Learn about technical analysis to make more educated trading decisions

Question:

    I use indicator charts, why should I need TASM?

Answer:

    TASM does not replace indicator charts, it is a complementary tool. The initial reason we have invented TASM was to be able to objectively test how well Technical Analysis work. People (all animals, to be exact) are wired to see and recognize patterns, whether there is a one or not. This is an evolutionary advantage as it is always better to see a false tiger and run away rather than being wrong when there really is a tiger waiting to attack you.

    TASM is essentially a tool that allows you to test what you see in these charts in an objective and repeatable way. But TASM also allows you to do things you cannot do by just looking at charts, such as chaining multiple indicators, stacking multiple statements together, using indicators with exotic configurations, triggering events with a wider variety of actions and sharing them with others.


Question:

    Should I blindly follow TASM strategies to trade or invest?

Answer:

    Absolutely not. Just as Garage Band on your IPad doesn't make you rock star, or owning a typewriter doen't make you an author, TASM will not make you a trader or a star investor overnight. It is a tool. Use it wisely to educate yourself and share ideas with others to improve your investment decisions.