~~~ What is RangerZ? ~~~

Ranger™  is a highly configurable strategy-building software. Its developer, Robert Pardo, is known as the inventor of Walk-Forward Analysis, a methodology that has become the standard of analyzing trading systems. Over the course of his career, Pardo developed algorithmic trading strategies for major institutions and trading firms. Ranger builds on that experience.

The name 'Ranger' is derived from Donchian's classic 'range breakout' approach. But Ranger goes far beyond it with proprietary trend filters, volatility filters, entry filters, different order types, and a versatile set of exit and position-management rules. By combining different entry methods, indicators, and filters, Ranger can build thousands of uncorrelated strategies in trend agnostic, counter trend, trend neutral, and trend following modes - for CFDs, ETFs, futures, crypto, and stocks on intraday and daily time frames. The best of them can be combined in a portfolio that survives all market situations.

 RangerZ is the Ranger implementation in the C++ programming language. Its complete source code is available for modifying or studying the system. While the original Ranger runs on the TradeStation™ platform, RangerZ runs on the Zorro platform. It combines the best of both worlds: the proven long-term performance of Ranger strategies with the speed and versatility of Zorro. Trading logic, strategy components, indicators, parameters, and variables are identical in Ranger and RangerZ. But there are several differences:

- RangerZ was written in C++. Backtests and optimizations run multiple times faster.
- RangerZ can trade simultaneously with multiple brokers, strategies, markets, and time frames.
- RangerZ supports all brokers, exchanges, and price sources for which an API plugin is available.
- RangerZ includes the Evaluation Shell, an open analysis and portfolio creation system.
- RangerZ comes with a basic portfolio of 11 top strategies, and can be immediately traded.

 RangerZ basic portfolio equity curve, trading DJI, S&P500, DAX, Gold, and Bitcoin on a CFD account.

Ranger strategy portfolios have been consistently profitable. For details and backtest performances, please see Robert Pardo's Ranger page and the Ranger Alpha page. Note that Pardo's Ranger portfolios were put together with a different process, contain different strategies, and yield different equity curves than RangerZ strategy portfolios. The implementation story can be found on Financial Hacker.

RangerZ comes with an asset list and a basic portfolio of 11 strategies for indexes, gold, and bitcoin. The separately available Apex portfolios contain 16 resp. 32 top strategies for less drawdown and increased annual return. Further portfolios or assets lists for other markets can be freely created by the user; a tutorial is included. Any asset can be simultaneously traded on 60 minutes, 4 hours, and daily time frames.

* Average annual profit divided by maximum adjusted drawdown plus maximum allocated margin (see performance parameters). Walk-forward analysis with a simulated FXCM™ CFD account. All trades with minimum size (1 lot) and no profit reinvestment. Suggested initial capital based on expected drawdown and margin. Spreads and trading costs as of June 2026. Values can deviate dependent on trading costs and test period. Annual returns on 100:1 leverage accounts are mainly dependent on maximum drawdown and can therefore strongly fluctuate.

Please note: Strategies generated with evaluation processes are subject to selection bias. The RangerZ portfolios were created with the Evaluation Shell, not with Robert Pardo's RangerMaker™ software or his evaluation process (formerly named "The Pardo Proprietary Development Process" and now "Excalibur Development Process"), which was used for the original Ranger strategy portfolios by Pardo & Company. The Evaluation Shell and the RangerZ portfolios are products by oP group Germany GmbH and in no way connected to, licensed, endorsed, approved, or reviewed by Robert Pardo or Pardo & Company.

Zorro Disclaimer - The Zorro software and the Evaluation Shell are copyrighted by oP group Germany GmbH. We take great pains to make certain that the software is free of errors, malware, spyware, and adware. However it is distributed "AS IS" without warranties of any kind, either express or implied. For verifying file integrity, check the hash (f.i. CertUtil -hashfile C:\path\to\file SHA256). We grant permission for personal use of the Zorro software without fee. Parts or derivative works based on the software require our express permission for being distributed or included in trading software, educational material, or other products, This website provides general information only and may be subject to change at any time without notice. We are no financial advisor and cannot be held responsible for any trading losses or other damages incurred as a result of using the software or using any information gathered through this website.

U.S. Government Required Disclaimer - Commodity Futures, Trading Commission Futures, Derivatives and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures, options, or any other assets. The past performance of any trading system or methodology is not necessarily indicative of future results.

CFTC rule 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown.