Successful traders have conquered two major obstacles: how to adapt their trading systems to changing markets and hownotto trade like everyone else.
We’ve featured some adaptive neural nets systems in previous newsletters such as Adaptive TurboProp 2 that can retrain on every bar. Another method for adjusting models is an adaptive indicator such as a Variable Length Moving Average from Advanced Indicator Set 2. The indicator computes a simple moving average where the number of periods is not fixed, but rather taken from another time series called the Period time series. You can select another indicator which varies as you want the moving average window to vary.
NeuroShell Trader makes it easy to experiment with different indicators and quickly check the results on a basket of securities. Here are two examples where creativity paid off in a very short period of time.
The first prediction example appears on the top of the chart. We used the Relative Strength Indicator as one of the inputs to the net. Instead of calculating the indicator on a fixed number of bars, we used a Variable Length Moving Average of RSI. The number of periods varied according to the Candle Body Length indicator which measures the price change between the opening and closing prices. The indicator may be found in the Candlestick Line category.
Creatively crafting trading models can result in some nice looking equity curves.
In the second prediction, we substituted the Moon Distance indicator from Advanced Indicator Set 3 for Candle Body Length in the RSI calculation. TheMoon Distance indicator returns the distance between the centers of Earth and Moon expressed in kilometers.Many people believe that the moon has an influence on the earth.
See how your imagination can result in custom tailored successful trading models.
DataLink END OF DAY DATA WORKS WITH NEUROSHELL TRADER
MetaStock is offering a datafeed called DataLink that downloads end-of-day data that is compatible with NeuroShell Trader. The following is a brief description taken from the MetaStock web site:
DataLink data can be trusted, so you can make trading decisions with confidence-thousands of our customers already do. Our data comes from Thomson Reuters, the world’s best known and most reliable information provider. Successful, profitable trading depends on premium data, and no other end-of-day data is more dependable than DataLink.
DataLink data is accurate. This gives you an edge over other individual investors in the market who use low quality data and risk trading on bad signals. DataLink’s exclusive AutoClean™ technology ensures that the data is accurate. Plus, DataLink automatically sends stock split information, which adjusts your historical data, resulting in smooth price charts and accurate analytics.
DataLink data is flexible-it’s compatible with a number of leading software packages. Unlike other data providers, DataLink doesn’t lock you into a particular software.
DataLink has unbeatable depth and breadth of data. Our data spans the globe, so whatever region you prefer to trade-from North America to Europe to Asia, we have it.
To learn more about pricing and which exchanges are covered,click here.
Price Reduction
ZAGTRADER CONNECTS TRADER TO MT4
ZagTrader bridges data and trading between NeuroShell Trader and MT4
MT4 can work with any broker in the world allowing expert advisers plugins (almost all do).
The bridge simply connects NeuroShell Trader to the locally installed MT4. Data comes directly from MT4 to Trader. Trades go directly from Trader to the MT4 terminal running on the same PC.
