Anyone here using APS v4.8? Have you tried running it on a dual core Vista PC?
Thanks
I have v4.9 and it runs fine on a quad core.
Ron
Anyone here using APS v4.8? Have you tried running it on a dual core Vista PC?
Thanks
I have v4.9 and it runs fine on a quad core.
Ron
The only bad thing about the upgrade is that if you choose to upgrade you loose your lifetime license. Very greedy on the companies part. My opinion of them is not as high as it once was.Hi Ron
Tradingpatterns.com released version 4.9.7 a few days ago that supports NinjaTrader export format. Check out this link:
APS Automatic Pattern Search Version Releases
Alex
1) What type of patterns does this software search for? By this I mean how complicated are the patterns and how many bars (on average) do these patterns consist of? For example, in the article written by Michael Harris Nov 2006, a pattern is discussed (Inside Day) which consists of just 3 bars.
2) Is there any other way to define the stop apart from a "% away from price" stop. The reason I ask is that from experience this type of stop is one of the worst types to capture profits compared to say a volatility type stop.
3) Does the pattern search only work on ONE chart at a time or can it work on a portfolio of charts and assess which patterns are profitably over the WHOLE Portfolio.
The reason I ask is that if it only searches one chart at a time then this is ok if one trades indices but of little use if ones trades equities as obviously these would be traded as a portfolio and not invidually. To find patterns (whether profitable or not) in one stock does not automatically mean that they exist in another stock.
4) Has anyone used this software in combination with Amibroker?
5) Can one modify the timeframe of the chart used in the pattern search? eg. Change from Daily to Weekly
6) Without having to register myself with an email address, etc, can anyone confirm the cost of this software?
7) What price data format does APS require? I currently receive my data in "Metastock" format and would prefer to keep it that way as I use it in both in MS and Amibroker.
Do you prefer Amibroker over Tradestation for backtesting purposes? How do the two languages compare? Which is easier to develop code with? I have Metastock but its capabilities are limited.
Amibroker uses its own langauge (AFL) and even though does take some getting used to, a lot of of the function names and how they operate are similar to MS.
I also like the fact that APS outputs code for Metastock and I can just copy it and then paste it in the System Tester. Anyway, thanks for you input, very helpful.
Bill
I have pasted the code into an expert programme for each index on Metastock and it works very well. That was about a year ago and its as good as ever. Occasional large drawdowns can be a problem though.
Looks like a very powerful language but suitable for experienced programmers IMO. Easylanguage was designed for traders by traders it seems. I have not studied programming and I do not think I can learn to write complex code at this point. This is one reason I liked Metastock although as you say it is not as powerful as Amibroker but the language is simple enough for me. I had the same problems with Metatrader, another very good program but with a difficult to learn programming language for those with no experience to code.
I also like the fact that APS outputs code for Metastock and I can just copy it and then paste it in the System Tester. Anyway, thanks for you input, very helpful.
Bill
Bill,
I too have little experience at Programming and initially the AFL language does looks more complicated. However, I have found that I have been able to translate my old MS codes into AFL with little difficulty.
One thing I've realised is that one can makes things as complicated or as easy as you like. If you're happy with your current package then no worries, otherwise I would definately take a look at it....
All IMO....
To all those who currently use APS with Metastock, what format is your data supplied in?
If its in MS readable format, do you physically convert all your data into the format required by APS? If so, does this mean that you are in fact storing TWO databases of identical data (apart from the difference in format)?
I ask, as this is one of the things that puts me off APS, as currently my data is also supplied in MS readable format, for use in MS and AB.
Thanks,
Chorlton
HI Pat, you are an APS user I suppose. Do you recommend the program and does the Metastock code it generates work well?
Having a program to find patterns and on top of that generate code for Metastock I can use without having to develop code myself sounds too good to be true but I hear people saying that it actual works.
Bill
APS is an amazing piece of software that does exactly what the company advertises. Support is excellent.
I use it daily to scan data I export from a TeleChart watchlist of 100 high cap stocks. It takes less than 15 minutes to do the job.
I also have 4 different systems I got from a search of major index data in the system tracking side and the signals tell me with high probability the market direction.
Ron
Thanks Ron, I decided to buy the software. The results I got from the demo tests are very promising.
Bill
Hello Bill, APS is the best pattern program especially if you use Tradestation/Wealth-Lab/Metastock. Just make sure you forward-test patterns and select the best ones based on profit factor and win/loss ratio.
Hi,
Are you able to build profitable trading models using the trading patterns software?
I am interested in buying the software.
Regards
Manmohan Ballagan
See:
http://www.trade2win.com/boards/software/14298-automatic-pattern-search-9.html#post399812
APS offers a fast way of finding many profitable patterns in many markets but if you are a newbie you should know that historical profitability does not guarantee future profitability. It is always a good idea to view these programs as tools and use a combination of techniques to increase your probability of success.
I upgraded yesterday to the latest APS version and it is great. Now you can see the profit factor value when you backtest patterns and rank them accordingly without the need to generate code for your program and run the backtest there, which takes time to do. Exit on next bar close is a very nice feature but I wish they included that in the search part also.
Alex
I'm hoping that APS will give me the edge that I'm looking for but as you say its not a holy grail on its own. I'm interested in building short term ( 1 hour or less time frame) currency trading systems. What markets are you trading and are you able to say anything about your own model selection process?
Regards
Manmohan
I seems you can use Metatrader data after a few conversions:
APS Automatic Pattern Search - Metatrader
If you can program in Metatrader language you can probably write a few lines of code to output directly the data in a format compatible with APS.
I'm trading US futures and equities, as well as some European futures, but I'm also looking at forex lately. I have several models in APS system tracking, including a few for EFFs, and I use the scan option with daily data to check for new patterns in S&P 500 stocks. I then combine any signals I get from APS with a few indicators I have developed. So far, last year I did pretty well and this year I am making a small profit after a drawdown in January.
I think forex is tough but worths a try with small risk. I downloaded the free NinjaTrader platform and use the daily data with APS because no conversion is required. But I have not put any money at risk yet in that market so I cannot say anything about it.
But one thing I have noticed is that you can make money in intraday forex only during specific hours, which may vary as well, and it seems easy to lose money during other times when there is no substantial liquidity in that market. I think 30 minute or hourly bars is the best choice for short term trading in this market. Also, I would consider 4 hour bars in some markets.
Good luck,
Alex