April 2010 Newsletter

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In this issue:

I. eSignal® support for ChaosHunter Models

II. Data Cleansing product introduced by Bowfort

III. Comments from Steve Ward, CEO

IV. One way to stop this newsletter

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I. eSignal® support for ChaosHunter Models

ChaosHunter produces models that are complex yet simple enough to code into many trading platforms in addition to NeuroShell Trader/DayTrader Professional. To make that task even easier, we have already duplicated our ChaosHunter functions in TradeStation’s EasyLanguage®, MetaTrader4’s MQL4 language, NinjaTrader in NinjaScript®, and Wealth-Lab Pro® in WealthScript®. Now we have completed an eSignal® interface and we are looking for ChaosHunter users who will test it for us.

The eSignal® add-on is a series of functions written in eSignal Formula Script (EFS) that can be used to duplicate ChaosHunter operations, functions and indicators necessary to reproduce ChaosHunter formulas. The eSignal® add-on can be downloaded on the ChaosHunter portion of www.ward.net.

Among NeuroShell®, TradeStation®, MetaTrader4, NinjaTrader®, Wealth-Lab Pro® and eSignal®, there are now many brokerages with which you can automatically trade advanced ChaosHunter models.

If you are already a user of one of our other products, we’ll give you a 15% discount on ChaosHunter from now until the end of April.

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II. Data Cleansing product introduced by Bowfort

Bowfort Technologies, makers of IBFeed and mYFeed datafeeds for NeuroShell Trader, has announced a new Neuroshell add-on using unique technology that was originally created for their datafeed products.

“Data Cleanse” will work with ANY datafeed (including non-Bowfort feeds), and cleans incoming data of bad ticks and data errors.

No exchange sends 100% clean data, and errors can frequently affect models in negative ways producing incorrect trades. Data Cleanse takes the view that any fix to your data needs to be done using validated statistical techniques.

You can choose to Normalize, Windsorize or Delete the bad data, with a set of indicators that replace Open/High/Low/Close. It will also tell you whenever it fixes data, which provides you the capability to fix the data using your own custom method if you wish.

The regular price of “Data Cleanse” is $299, but the Bowfort is offering a “No Support” version at 33% discount or $199 until April 30 using discount code: NSFBDC and this link: http://www.bowfort.com/ecoupon

Further information about “Data Cleanse” can be found at: http://www.bowfort.com/Products

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III. Comments from Steve Ward, CEO

1. Recursive indicators in NeuroShell. As many of you know, our “point and click” Indicator Wizard is not capable of building recursive indicators, which are indicators that “call themselves”. In other words, if X is a recursive indicator, the formula for X will involve results from X itself on previous bars. That is pretty easy to do in most programming languages, but not so easy to build into something like NeuroShell that requires no “language” or “script”. (I always chuckle to myself when talking to people who claim they can build indicators in software that uses some language or script, yet they think they are not programming. One such person even criticized NeuroShell on a public forum a year or so ago as having an outdated “scripting language”. )

A while back I programmed an indicator-building indicator in PowerBasic that would allow you to build recursive indicators in NeuroShell. However, my staff would not let me put it up, calling it too complex to use because it required a trivial form of scripting in reverse polish notation (some of you may remember the old calculators that used RPN). So recently I sat down and built an easier version with no scripting that allows an average person to build simple recursive indicators without RPN. It is on ward.net, along with the PowerBasic source code in case anyone wants to improve on it. If you do improve it, I hope you will donate it to the ward.net user tips section.

2. eSignal ChaosHunter interface. I may need to clarify what the ChaosHunter eSignal interface is, in light of NeuroShell already reading the eSignal data feed. It does not load eSignal data into ChaosHunter. It provides simple functions so that you can take ChaosHunter generated formulas and insert them in eSignal’s scripting language (EFS). That means trading systems built with ChaosHunter can be traded with brokerages supported by eSignal through eSignal.

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IV. One way to stop this newsletter

It is really easy. Just change your email address and don’t tell us.

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