Automatic Pattern Search

I'm wondering if anybody has come across this site, and what peoples opinions are?

http://www.tradingpatterns.com/Software/APS/aps.htm

There is an interesting article posted in that site:

http://www.tradingpatterns.com/About.../article1.html

Alexander

anmolway,

I got the demo and I'm looking at it. I will post my comments in a few days. Looks interesting though at first. I remember I came acrros an article a couple months ago by someone who used it for DAX futures patterns.

Alexander

By the way I exerted some pressure to the company to change their policy of charging $5 for the demo and it seems I covinced them (!), so now the demo is free:

http://www.tradingpatterns.com/Software/Demo/demo.html

But it will take me longer than I thought to evaluate this program. It seems very user-friendly though. A couple of initial remarks:

- It seems to to able to indentify patterns given a set of performance measures
- It generates Metastock and Tradestation code for each pattern but the actual formula is not shown in the
demo version.
- It has some data conversion capability which seems to work fine. I converted data from Metastock ascii
to use with the demo in two steps. It does not read Metastock format though.

Alexander

thanks 4 the link

You can use the conversion option with Metastock ascii files generated by the downloader. This works for multiple metastock files as well and it is a nice feature of APS. I did that for a while but now I subscribe to TeleChart which updates the ascii files and then I run the APS scan for the entire universe of S&P 500 stocks on a daily basis. I use several profit/target files and the job takes close to 45 minutes with the extended scan option on. - Joe

Hi Joe, I heard there is a version update for APS with Wealth-Lab code option. There is a beta release floating around. Did you try that? Do you have APS? I did some tests with the demo and I find it amazing. The code for patterns is not fully shown in the demo version so I decided to purchase the program. I still use Metastock but I have plans to get Wealth-Lab soon. This auto code display option is a fantastic idea. They have a little demo at http://www.tradingpatterns.com/Softw...n/codegen.html

Alexander

Alexander, I have been using APS since it first came out in 2002. It is a great program. There is a new version just out and I plan to get the upgrade this weekend. The new version generates code for Metastock, Tradestation, Wealth-Lab and TeleChart. Cool stuff. Go to the website (www.tradingpatterns.com) and download the new demo version. If you have any questions about the program the support is excellent but I could also give you some good hints, just send me a private message. - Joe