Capabilities, pricing, what's included, the Excalibur development process, the manual, and the workspaces. The complete reference — open any section below.
Ranger is the flagship strategy-development engine in our catalog — paired with Excalibur, our proprietary research process. These sections document everything you get and everything you need to know. For the marketing overview, see Discover Ranger.
Ranger is our flagship strategy-development engine. Built around a trading logic distinct from — and more evolved than — the technology that produced XT99 Diversified and Pardo Renaissance, Ranger is designed for the serious algorithmic trader who wants the deepest, widest toolkit available.
The most important thing to know: Ranger creates robust trading strategies that can add significant profit to your trading — and, equally important, confidence in what you're running. Paired with RangerMaker and Excalibur (our proprietary research process), the workflow becomes orderly, almost mechanical. Most steps are fully automated — Ranger operates as a "strategy factory."
Technically, Ranger is a TradeStation/MultiCharts strategy — but that barely describes what it is. Ranger is, in fact, tens of thousands of different strategies waiting to be discovered and traded.
Ranger has dozens of what we call logic switches. These switches turn different trading features on and off, and specify the behavior of different trading-logic components — order types, filters, entries, exits, and more. Each unique combination of switches and settings defines a unique strategy.
Ranger can be configured to ignore the trend, trade with the trend, trade counter to the trend, or look for quiet trends (a mode Ranger originated). Strategies can be long-only, short-only, or day-trade. They can be applied to any timeframe and to virtually any market — futures, equities, currencies, crypto.
Ranger ships with a rich set of proprietary indicators: a proprietary MACD variant, two proprietary trend indicators, two proprietary trend-momentum indicators, a proprietary volatility filter, and a unique trend/cycle detector. Strategies can combine a trend filter with a volatility filter and the trend/cycle filter — and the combinations are where the diversity comes from.
RangerMaker is the newest addition to the Ranger family — a TradeStation Trading App that automates the entire first round of the Excalibur development process. If you're serious about building a portfolio of Ranger strategies, RangerMaker is a huge time and labor saver.
RangerMaker automatically runs all the optimizations of your chosen research process, saves the output files, and creates the files that TradeStation's Walk-Forward Optimizer or Extended WFO needs to run Cluster Analyses and Walk-Forward Analyses.
The workflow is simple: launch RangerMaker, point it at a control file that specifies the optimizations to run, and click start. RangerMaker walks through every optimization in the job file automatically. No more manually stacking up optimizations in research workspaces.
Introductory price: $2,000.
Ranger comes in two formats — Closed (compiled, ready to run) and Open (full source code, fully customizable). Either can be paired with the Ranger Alpha strategy portfolio. Pick the configuration that matches how you intend to use it.
One of Ranger's most distinctive qualities — and one that often surprises even experienced quantitative traders — is its consistency across markets and timeframes. Ranger has been profitable and robust in every market and every timeframe in which it has been applied.
That's not a casual claim. The first round of development covered a diversified basket of seven futures markets, fourteen stocks, and three cash crypto markets — applied across daily, 30-minute, and 60-minute timeframes. Every single combination produced robust, profitable strategies. None of the results were cherry-picked.
Naturally, there is variation from market to market — that is how markets work. But the underlying pattern was unmistakable: the trading logic that powers Ranger transfers cleanly across instruments. This is what makes Ranger the right foundation for a truly diversified portfolio.
If you want a portfolio for all seasons and all markets, Ranger gives you the breadth to build it. Diversification by market, by strategy type, and by timeframe — the three axes that compound to reduce drawdowns and increase risk-adjusted returns — are all built into Ranger from the ground up.
Pardo & Company exists to help serious traders operate at the level our institutional clients have always operated at. Whether you've already had trading success or you're an intelligent and committed beginner, Ranger, Ranger Alpha, and RangerMaker put you on that path.
Decades of running real money through XT99 Diversified, Pardo Renaissance, and live client portfolios taught us one lesson above all others: diversification matters more than almost any other variable. Specifically, three kinds of diversification, compounding together:
Every Ranger license is a complete package — software, methodology, workspaces, and direct access to Bob. Here's what's included:
Excalibur is our proprietary research and strategy-development process. Previously known as the Pardo Development Process, Excalibur is the 30-year evolution of the Walk-Forward Analysis methodology Bob introduced in his 1992 book — refined continuously through XT99 Diversified, Pardo Renaissance, and decades of live trading.
Excalibur is not just a Ranger feature — it's the proprietary methodology that powers every product in our catalog, adapting to each product's distinct trading logic. It's also being licensed to another firm for their own platform — independent validation that the methodology stands on its own.
Excalibur is a clear, step-by-step process for creating and validating robust trading strategies. The 40-page guide that ships with Ranger walks you through every step. It's not abstract theory — it's the actual workflow Bob uses to build the strategies behind every product we offer.
The included Ranger Alpha strategies were built with an advanced variation of Excalibur. The 22 included research workspaces are pre-filled with suggested parameters and optimization scan ranges. To follow the suggested research path, you make minor adjustments and start the process. Excalibur does the rest.
The Ranger Manual is 39 pages of detailed reference. It thoroughly explains every aspect of Ranger's trading logic and modes — what each switch does, how each filter behaves, how each indicator is constructed, and how the components interact to produce strategies.
The manual also explains the philosophy behind the research process — why Ranger is built the way it is, and how that design serves the goal of robust strategy production. For anyone who wants to truly understand Ranger rather than just operate it, the manual is essential reading.
Ranger includes twenty-two TradeStation workspaces — purpose-built environments that make research as straightforward as it can be. Each workspace is pre-configured with optimization scan ranges, parameters, and reporting templates so you can move from "I want to test this idea" to "I have a validated result" with minimum friction.
The workspaces are the operational backbone of the Excalibur development process. The 40-page Excalibur guide tells you what to do; the workspaces are where you do it. You can run them in their default form, adapt them for your own markets and timeframes, or use them as templates for entirely new research lines.
Setting up a TradeStation environment for serious optimization work is itself a significant investment of time — typically weeks of trial and error to get right. The Ranger workspaces skip that step entirely. You inherit decades of accumulated configuration knowledge embedded in ready-to-run files.
Whether you're evaluating Ranger for the first time or returning to put what you've learned to work, the buy page is one click away. Or write directly — I read every inquiry myself.