Automatic Pattern Search

This is a discussion on Automatic Pattern Search within the Trading Software forums, part of the Commercial category; I am interested in Automatic Patterns Search. I have a collection of trading materials including quality softwares, video seminars by ...

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Old May 1, 2005, 1:35pm   #9
Joined Apr 2005
I am interested in Automatic Patterns Search. I have a collection of trading materials including quality softwares, video seminars by well know traders, home study courses like profitunity, drummond geometry full 1 - 30 lessons cd, natural order by stephan cox (5000usd) & other rare courses & books. I can send you a list of items I have & you can pick your interested items for APS swap. Interested people pls send private message to me. Tks.
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Old May 17, 2005, 11:00pm   #10
 
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Quote:
Originally Posted by Dan05
I am interested in Automatic Patterns Search. I have a collection of trading materials including quality softwares, video seminars by well know traders, home study courses like profitunity, drummond geometry full 1 - 30 lessons cd, natural order by stephan cox (5000usd) & other rare courses & books. I can send you a list of items I have & you can pick your interested items for APS swap. Interested people pls send private message to me. Tks.
please send me information:

fidelio63@yahoo.es
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Old May 18, 2005, 5:07pm   #11
 
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Traders' June issue has a review of APS Automatic Pattern Search:

www.traders-mag.com

Alexander
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Old May 19, 2005, 5:54am   #12
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Review Of APS

Hi Alexander, tks for informing me abt the review of APS in the mag. Do u have a working APS or know whoever have it, which I can swap. I can send u my list of trading materials that I had acquired over the years. Tks.

Regards.
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Old May 19, 2005, 9:03am   #13
 
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>Do u have a working APS or know whoever have it, which I can swap...

Yes, try: www.tradingpatterns.com

Alexander
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Old May 19, 2005, 12:56pm   #14
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How long have u been using APS? I doubt its ability in generate profit in LONG TERM mainly because it uses a fixed price target which in many cases equal or less than the stoploss. Through the patterns generate a positive expectancy, its too low (Usually around 0.5) to provide stability in generating profit in long run. Any slipage or unexpected gap can wipe out the all the past many minor profit. Lastly it goes against the old classic "let profit run & cut losses".
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Old May 19, 2005, 3:38pm   #15
 
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If you think so, why do you keep on sending messages asking for some kind of [illegal] swap? APS lets you select you target/stop, profitability and consecutive losers. I use a target 3 timesas much as the stop and I still find pattern with a profit factor of 2 to 3 based on Wealth-Lab back-tests. I think you fail to realize this relationship holds:

Profit factor = (average win/average loss) x (win frequency/loss frequency)

So if I have 9 out of 10 trades losing 5 points each and I make 70 points when I win, profit factor = 1.555.

If I have 2 out of 10 trades losing 40 points and I make only 20 points when I win, profit factor = 2.0

Are you missing something Dan?

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Old May 20, 2005, 8:13am   #16
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Yes I had calculated the profit factor as well. Most of them have 1.5 & above which seems petty good. Since I had not trade these patterns, I seek to argue from a therotical point of view & of course I welcome trader who had use APS for a long time, stay profitable & justifiable that the realtime trades experience do matches or deviate slightly from the historical APS testing.

Another point is you mentioned abt using 2 or 3 times the target profit. In your case, would it affect the pecentage winner & consective loser since the pattern statistics are form base of a fixed stop & profit target?
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