Automatic Pattern Search

This is a discussion on Automatic Pattern Search within the Trading Software forums, part of the Commercial category; Originally Posted by Pat494 Are you still happy with tradingbasis ? Please could you say why you think it is ...

Reply
 
LinkBack Thread Tools Search this Thread
Old Oct 31, 2006, 9:59am   #31
Joined Sep 2006
Quote:
Originally Posted by Pat494
Are you still happy with tradingbasis ? Please could you say why you think it is so good.
Thx
I just checked the purchase page and the following info appears: Publisher: Beate Zmuck, Austria.

There is no clear address or any tel number/fax on that website. I wouldn't trade a black box of this kind. There is no historical performance analysis available for any of the signals the program generates. Actually, the user doesn't even know how the signals are generated in the first place. The price is about $270 for the complete package , which is reasonable although you can purchase a Metastock add-on at this price range that will do a lot more than this program and you won't have to switch to Amibroker.

Jim
dmilong is offline   Reply With Quote
Old Oct 31, 2006, 11:22am   #32
 
dc2000's Avatar
Joined Jan 2004
Quote:
An interesting snippet from last night's radio4 was that Man the biggest hedge fund in the world worth £50 billion, has been using a computerised black box system to make their trades since the 1980s. It displaced their commodity traders
many of the large players now use neural nets to find trades within an accepted model
__________________
"I have the trading edge"
dc2000 is offline   Reply With Quote
Old Nov 1, 2006, 4:51pm   #33
Joined Apr 2005
Has anyone read about Ed Seykota from Market Wizards? He was one of the first and still only using complete mechanical trading systems. Considering he built his first profitable one in the early 80's it probably only consited of moving averages and some sort of trailing stop.

damo
damo484 is offline   Reply With Quote
Old Nov 8, 2006, 3:51pm   #34
 
alexander's Avatar
Joined Mar 2005
Quote:
Originally Posted by dmilong
I think so Ron. I'm working on an algorithm that calculates the probability of a winner at any given time based on the frequency and number of generated patterns by APS. It isn't the Holy Grail but I'm sure it'll get close enough.

Jim
Hello Jim, I have APS (version 4.9) and it has worked well for me but I need to get to the next stage of organising the output of the program and calculating probabilities along the same lines you suggested. If you are still around please send me a message to discuss possible cooperation. I have realized APS has many capabilities I am not utilising at the moment.

Alex
__________________
Buy high, sell higher - Sell low, buy lower
alexander is offline   Reply With Quote
Old Nov 9, 2006, 4:15pm   #35
 
Pat494's Avatar
Joined Mar 2004
Quote:
Originally Posted by dmilong
Initial results for S&P 500 futures tell me that a good number of patterns pass the forward test. Jim
Hi Jim,
I see you are testing the program out on the S&P 500. Please could you say about how often does the program throw up a buy/sell signal on say <3 consecutive losers. Would it be about 1 a month or 1 a week perhaps ? and is the profitable trade ratio about 70% ( as per the sales blurb ) ?
__________________
Imagination is more important than knowledge.
Einstein
Imagination should be used constructively on the firm basis of knowledge.
Me
Pat494 is online now   Reply With Quote
Old Nov 14, 2006, 3:43pm   #36
Joined Sep 2006
Quote:
Originally Posted by Pat494
Hi Jim,
I see you are testing the program out on the S&P 500. Please could you say about how often does the program throw up a buy/sell signal on say <3 consecutive losers. Would it be about 1 a month or 1 a week perhaps ? and is the profitable trade ratio about 70% ( as per the sales blurb ) ?
HI Pat,
I'm through with the testing now and I.m using the program to position trade the e-mini. I used the S&P 500 to test the program because of the longer history but afterwards I got good results for the e-mini. I get 2 to 3 signals per week on the average but on certain occasions I get many more on a given close for the open of the next day. This allows me to do some statistical analysis based on the signal quantity and frequency.

Profitable trade ratio: if you noticed the program has a calculator of this ratio given the profit factor you want and the profit target/stop loss (the formula is also given in the support page of the website, see: http://www.tradingpatterns.com/Suppo...s.html#usefaq4 ). You can use the calculated ratio in the search for patterns. When I use larger stops then the profit targets I still get patterns with a ratio of 80% or more. I've done searches for a total four combinations of targets/stops and I added all the patterns I liked in a trading system in APS system tracking. After the market close I update the data file for the e-mini and I run system tracking to see whether new signals are there for the next day. You can play with many different strategies based on the number of new signals and signals with open positions. I'm now trying to figure out a good strategy.

I got an email from Tradingpatterns yesterday about a new article by Mike Harris that discusses the main purpose of the program:

http://www.tradingpatterns.com/synthesis.pdf

I think it's very interesting.

Jim
dmilong is offline   Reply With Quote
Old Nov 14, 2006, 4:39pm   #37
 
Pat494's Avatar
Joined Mar 2004
Thanks very much Jim. An interesting article too.
I was trying to decide between APS and Trade Decision. Not quite decided yet though.
__________________
Imagination is more important than knowledge.
Einstein
Imagination should be used constructively on the firm basis of knowledge.
Me
Pat494 is online now   Reply With Quote
Old Nov 16, 2006, 1:19pm   #38
 
Pat494's Avatar
Joined Mar 2004
Well I'm on board now. I think it will take a while to figure out how it works. I've got metastock files that need converting too. Hope the grey matter is up to it.
__________________
Imagination is more important than knowledge.
Einstein
Imagination should be used constructively on the firm basis of knowledge.
Me
Pat494 is online now   Reply With Quote
Old Nov 17, 2006, 6:42pm   #39
 
Pat494's Avatar
Joined Mar 2004
Finally figured out the data bit. Now for the rest !
__________________
Imagination is more important than knowledge.
Einstein
Imagination should be used constructively on the firm basis of knowledge.
Me
Pat494 is online now   Reply With Quote
Old Nov 19, 2006, 9:07pm   #40
 
alexander's Avatar
Joined Mar 2005
Quote:
Originally Posted by Pat494
Finally figured out the data bit. Now for the rest !
Pat,

You can convert a number of metastock generated ascii text files all at once. I'm sure you figured that out.

I spent a good part of this morning converting files too. It's pain but worths the trouble. If you run into problems or need help let me know.

Alex
__________________
Buy high, sell higher - Sell low, buy lower
alexander is offline   Reply With Quote
Old Nov 19, 2006, 9:18pm   #41
 
Pat494's Avatar
Joined Mar 2004
Hi Alex,
Thanks for the tip. I plan on just doing straight indices like the Dow, S&P, Dax etc.
I have already put some of the formulae onto Metastock Expert charts. I find it useful to see the end result visually.
Which are you doing ? Do you use Metastock also ?
Glad to hear from you as you are some months ahead of me I think
Regards
Pat
__________________
Imagination is more important than knowledge.
Einstein
Imagination should be used constructively on the firm basis of knowledge.
Me
Pat494 is online now   Reply With Quote
Old Nov 22, 2006, 2:44am   #42
Joined Apr 2005
For those that are interested, the makers of APS are having a sale which ends in a few days. You can see the details under the "purchase" section of thier website. MIght just be the time to jump on in.

damo
damo484 is offline   Reply With Quote
Old Nov 28, 2006, 11:27pm   #43
Joined Sep 2006
Quote:
Originally Posted by damo484
For those that are interested, the makers of APS are having a sale which ends in a few days. You can see the details under the "purchase" section of their website. MIght just be the time to jump on in.

damo
damo, you can always get the sale price if you ask for it and say that you were away during the offer period. This is what I did and it worked.
dmilong is offline   Reply With Quote
Old Dec 11, 2006, 10:07pm   #44
Joined Apr 2005
Another very interesting website article by Michael Harris on the subject of profitability and APS:

http://www.tradingpatterns.com/About.../articles.html
equtrader is offline   Reply With Quote
Old Feb 4, 2007, 5:29pm   #45
 
Pat494's Avatar
Joined Mar 2004
Does anyone know if its true that there is a $175 licence fee annually for APS ?
I got someone trying to interest me in a patch ???????
__________________
Imagination is more important than knowledge.
Einstein
Imagination should be used constructively on the firm basis of knowledge.
Me
Pat494 is online now   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
Pattern Search Software John Devine Trading Software 81 Feb 24, 2008 7:23pm
Automatic Trading - Is There anything like that ? trady1 Technical Analysis 16 Sep 25, 2006 11:52am
automatic buy/sell oriana Forex 4 Oct 13, 2005 11:43am
Automatic Trading ilia king Trading Software 1 Mar 6, 2004 6:51pm
Automatic trading with SB firms ?? rjay Spread Betting & CFDs 1 Mar 2, 2004 5:57pm

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)