I. Will you continue to receive this newsletter?
Not if you change your email address and don’t tell us!
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II. Ward Systems mentioned in US News and World Report
In the special Winter Olympics issue of US News and World Report (Jan 28- Feb 4, 2002), there is a good article by James M. Pethokoukis called “Robotrading 101 – Sophisticated computer programs take the human element out of picking winners on Wall Street”. The article, found on page 23, describes how as much as $250 billion is being managed by neural nets, genetic algorithms, and other artificial intelligence(AI) techniques.
Of course, Ward Systems is mentioned in the sidebar of this article called “You can do this at home”. However, two of the main companies described in the article as trading with AI actually became “famous” using neural networks from Ward Systems Group! One is LBS Capital Management, which was on INC Magazine’s list of 500 fastest growing companies three times in the 90s when they utilized a neural net system we built for them. Later, the company split, and some of the staff formed AIT, retaining the exclusive rights to the original neural prediction system we built. AIT was later purchased by State Street Global Investment Advisors, largely because of their superior technology based upon our neural nets.
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III. Apologies for our ISP troubles
For parts of last week and this week, including the whole weekend, our web sites were down. WWW.neuroshell.com was down the most because our (previous) Internet Service Provider decided our site was causing their server problems and actually disconnected us without notice! Needless to say, we have switched to a new ISP, and we apologize to anyone who was inconvenienced by our sites being down. We also thank the several users who were concerned enough to call and email to let us know.
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IV. Traders Tips
Many of our daytrading users have expressed a need to allow only one trade per day – they want to enter in the morning and exit in the evening. We think this is a good idea because it reduces the amount of trading you’ll have to do during the day. All you have to do is come up with condition(s) that make a decision in the morning (go long or go short) and if your conditions(s) make the right decision more than 50% of the time you should be able to make money.
We previously had a tip on www.ward.net which explained how to accomplish this, but it didn’t always work. We have now replaced it with another method we believe is much more reliable. There is also an example chart which has additional rules to restrict trading from one half hour after the market opens to one half hour before it ends. That’s to avoid any price manipulation during the first and last half hours (not that we’re saying anyone does that! They wouldn’t do that, would they?).
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V. AI College news
It is not too late to sign up for the new session of the Advanced Course for the NeuroShell Trader Professional and DayTrader Professional . The online course will run between January 14, 2002 and March 29, 2002 inclusive. Remember the course is any consecutive 45 day period you select between the dates above (the time the course actually takes averages between 10 and 25 days on a part time basis). Please check out www.aicollege.com for more details on how this course works and view a sample lesson.
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VI. Thank you, AI Trilogy buyers!
A special thanks to those who purchased the AI Trilogy last year. The Trilogy was our second best seller last year, behind the NeuroShell Trader. We knew people would like it, but we were pleasantly surprised that it was such a big seller. We aren’t sure if it was because it is a highly discounted comprehensive toolkit, or because there was a pent up need to solve what we call the AI Trilogy problem. Either way, thank you.
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