Forum Replies Created
2 years, 10 months ago Ward Systems Group SupportKeymaster
There is no direct connection between Qlink and NeuroShell Trader so a chart would not update in real time.
ChaosHunter only works with text files, so Qlink would work there to create a model.
Your better solution would be another data feed that works in NeuroShellTrader. You could export the data from a Trader chart for use in ChaosHunter. You could then bring that ChaosHunter model back into Trader and trade it with the live data feed.3 years ago Ward Systems Group SupportKeymaster
Try picking issues to model that are somewhat volatile or cyclic. If the price movements don’t repeat, there is no chance that your repeating patterns will result in repeating price movements. In other words, don’t get hung up on predicting certain issues. Pick ones with patterns.
Don’t pick issues that are driven primarily by fundamental variables if you are using technical variables.
Don’t go back too far in time if doing so is likely to mean the input patterns found during training will be substantially different from those showing up today. Even if you have great inputs that are normalized over time, it is likely that as markets change, so does the effectiveness of your input variables.
A related issue is expecting your neural net, or other model, to backtest (or walk-forward) profitably a long period of time. We think that is very unrealistic. If it would have worked profitably over the last year, we think that’s probably enough. It may not be perfect, but it’s probably good enough to trade. Don’t insist on the perfect wave before you surf, or you may never get wet! Sure you’ll wipe out sometimes, but at least you’ll be learning to ride the waves.
More on the Odds – Don’t Put all of Your Eggs in One Basket
We mentioned earlier that it is effective to use multiple issues or multiple models. Below are some ways that can be accomplished. Your trading strategy (how you trade with your models) may be as important as the models themselves.
We know that no model will be perfect in the financial arena. For some issues it will work, and for some it will not. It may even be the case that the issues it works well with will not be consistently the same. Fortunately, the NeuroShell Trader has a feature wherein you only need to build your indicators and predictions once to apply them to a whole series of your favorite issues. You just place these issues in different pages of the same chart. Then on a given day, adopt a trading strategy like purchasing the top 10% as predicted by the model, and selling the bottom 10%. See Example Charts 17 and 18.
Design a trading strategy that does not depend on one model, even for a given issue. The NeuroShell Trader is the best vehicle ever invented for pursuing strategies with multiple models. The power is there, use it! You use it by building indicators that query multiple predictions built differently, and using those indicators in your trading strategies. These strategies could be as simple as buying only when two out of three predictions indicate a price rise. See Example chart 19.in reply to: Predict out-of-sample3 years, 1 month ago Ward Systems Group SupportKeymaster
The bars since orders filled parameter is based on the chart frequency. If the trading strategy is based on a smaller time frame, use Bars Since Exit Filled if it matches the timeframe you want to trade.in reply to: Minimum number of trading days between buy and sell
When you try to use the Long Entry Signal > 0 as an exit signal, it won’t work because that condition is only true on the bar when the Long Entry Signal is generated. See the attached chart and it’s easy to visualize.
You can test your other conditions in the same way by inserting them on the chart (Insert Menu, Existing Data/Calculations).
You must be logged in to access attached files.in reply to: Using the Bracket orders , STOP and LIMIT
You can export the Trading Statistics as a file. In Excel you can open this file using the settings “Delimited” and “tab”.
To export the complete report, click on the “Selection” tab in the Print dialog to choose what you want to include in the report.in reply to: Download/export Trading Strategy Result Summary
- Use this one: A<=B where A=Open and B=Lag(Close,1)
- Your entry and exit conditions are tested on every bar, daily in your case. So once you enter a trade, your exit condition will be tested every day. Note that if you manually exit a trade your trading system will be not know about the exit.
- You could use the Remember indicator from Advanced Indicator Set 3 to remember the close when the condition is the Day Flag Monday.
Once the Trading Strategy is displayed on the chart after you click the finished button in the Trading Strategy wizard, you can right click on the Trading Strategy and select Modify Selected Trading Strategy. Hit the back button in the Trading Strategy wizard to get to the part you want to change.in reply to: Amend Trading Rules after backtesting3 years, 5 months ago Ward Systems Group SupportKeymaster
You could look at the contribution factors that are listed for the inputs on the Detailed Analysis section of the Prediction wizard to learn which data streams are more meaningful in making the prediction.in reply to: Garbage in – profit out3 years, 5 months ago Ward Systems Group SupportKeymaster
Based on our understanding of your description, you could create a trading strategy based on a Long Entry (stochastic < 30) and a Long Exit (stochastic > 90).
If you want to create a trailing stop using both the close and a stochastic use the subtract indicator (close – stochastic).
Trailing Stop: Subtract (close – stochastic) > x or < x and let the optimizer find x for each security.in reply to: Duplicate/Copy Custom Indicators