In this issue:
I. Commentary by Marge Sherald, CEO
II. We Need Your Vote for the 2013 Readers’ Choice Awards
III. NEW ChaosHunter 3.0
IV. NEW InterChart Tools 2 Add-on
V. One way to stop this newsletter
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I. Commentary by Marge Sherald, CEO
1. 2013 TASC Readers’ Choice Award
The polls are now open for the 2013 Readers’ Choice Awards presented by Technical Analysis of Stocks and Commodities magazine. Let’s reflect on why you need to vote. If you’ve invested time and money in NeuroShell Trader, you want to insure that investment will continue to pay off and one way that happens is if we keep updating the product to work in the ever changing trading and computing environment. The only way we keep paying the developers and technical support personnel is if we bring in new customers. New customers come because they look at the TASC ratings, based on feedback during sales calls. We’ve been ranked #1 in the Artificial Intelligence Software category for the past 10 years in a row and it looks nice on our web page. Please take a few minutes of your time and help us out, so we can continue to help you. Detailed instructions on how to vote are below.
2. ChaosHunter 3.0
How do you take a great product and make it better? You listen to your customers and add features that make the product easier to use. That’s what we’ve done with ChaosHunter 3.0. You can now view results for both your optimization and out-of-sample data sets WHILE OPTIMIZATION IS TAKING PLACE. That can save you time when you can visualize that the ChaosHunter formula applied to out-of-sample data is not producing the results you want. In addition, we’ve added optimization templates that make it easier to save your settings for new problems. For example, we took the settings Steve Ward recommended for trading models and put them into a template, so you only need to load a data file and then select that model template and you’re ready to start optimization of the instrument of your choice. We’ve also given you more control over how much of your computer and your network neighbors you are going to use for a ChaosHunter optimization, thus keeping peace at home or in the office. If you haven’t given ChaosHunter a try, visit www.ChaosHunter.com to learn more – and save 20% on your purchase. You can read the entire product manual on the web site. If you want to upgrade to the new release, see below for details.
3. InterChart Tools 2
We’re very pleased to announce that Richey Enterprises has developed a new set of price indicators called InterChart Tools 2 that generate early information that can give you an edge in trading. The TimeBars indicators let you to create 5, 10, 15, 30, etc. minute bars on a 1 minute chart, and you don’t have to wait for the higher minute bar to complete before the TimeBar updates. While creating these indicators, Richey Enterprises determined that 90% of the time the high and low occur before the end of 10 minute bars. The optimizer in the Trader can determine the bar size which is most appropriate for your desired algorithm and equity.
The Consolidated Bars indicators combine the high value from the most recent 5 bars, for example. The Consolidated Bars are especially useful when your chart is based on tick and range bars. Consolidated bars allow you to de-noise high frequency range and tick bars. The optimizer can identify the optimal number of bars to consolidate during the morning, mid-day and closing sessions to properly de-noise range data without lag and without having to wait for a higher range bar to complete.
I built some very promising models on the S&P 500 E-Mini when using these indicators in Predictions. The results hold up on the out-of-sample data nicely if you experiment a little. Some of those charts ended up in the help file as examples. See below for details and pricing.
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II. We Need Your 2013 Readers Choice Awards Vote
The inside back cover of the November 2012 issue of Technical Analysis of Stocks & Commodities magazine announces that you can vote for the 2013 Readers’ Choice Awards. Here’s how you cast a vote:
1. Get your copy of the Stocks & Commodities magazine and visit www.Traders.com (any issue will do; it doesn’t have to be the November one). Look on the right side of the web site for the 2013 Readers’ Choice Awards and click on the Vote Now! link. On the page that is displayed enter your subscriber ID from your magazine address label (look at their example to see which numbers on the label are the subscriber ID). Next enter your last name. (If the copy comes in the name of your company, leave the last name blank and you can still vote.)
2. After you are logged in, look for the Standalone Analytical Software, $1000 and more category on page 2. Be sure to mark you ballot for NeuroShell Trader Professional (Ward Systems Group Inc.)
3. Do the same for the Artificial Intelligence Software (Expert, Neural) category on page 3. Look for NeuroShell Trader Professional (Ward Systems Group Inc.). THIS IS THE MOST IMPORTANT VOTE!
4. Also in the Artificial Intelligence Software category, we’d appreciate a second place vote for GeneHunter, the genetic algorithm optimizer that is included in NeuroShell Trader Professional.
The staff at Ward Systems Group Inc. extends a very heartfelt thanks to all of you who take the time to vote before the December 31, 2012, deadline.
The winners will be announced in the 2013 Stocks & Commodities Bonus Issue that will be mailed in late February.
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III. ChaosHunter 3.0 Announced
Ward Systems Group is pleased to announce ChaosHunter 3.0 that adds many user requested features. Now you can view the out-of-sample testing results while optimization is taking place. Of course you can still view the results for the optimization data at the same time. This makes it much easier to choose a model that’s going to hold up in the future. For example, for trading models you can see the equity and number of trades for both data sets, so you aren’t fooled by a model that makes all of its profit from a single trade at the beginning of a trend. Another highlight is the ability to save your optimization settings in a template. If you build many models for similar problems, the template can save inputs/output combinations, population size, optimization goal, and functions you want to use, as well as max equation size and the number of constants. The new release gives you more control over the number of clients or processing cores used on your computer and any networked computers.
ChaosHunter has added a handy utility program for downloading daily price data from several free sources and saving it in a format that ChaosHunter can read. ChaosHunter has also learned how to read NeuroShell Trader data files directly without going through the Trader’s export process. Programmers take note: ChaosHunter includes new examples written in Microsoft Visual C# 2008 Express and in Borland Delphi 6.0.
The cost of an upgrade to ChaosHunter 3.0 is $396 on sale until Wednesday, November 7, 2012 (list price is $495). (You must be a registered owner of ChaosHunter to qualify for the upgrade price.) Use the following order link to receive the discount: www.ward.net/60.asp. The prices on the order form will reflect the discount. If you do not currently own ChaosHunter, the price is $1,196 until November 7, normally $1,495, and may be ordered from www.ChaosHunter.com.
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IV. New InterChart Tools 2 Add-on
InterChart Tools 2 offers two types of early price indicators that can provide an extremely effective edge in building your trading systems.
The TimeBars indicators allow you to combine longer term price data on a shorter term chart, but with the added advantage of not having to wait for the completion of the longer term bar to send a trade. This gives you the edge over other traders who are waiting for that longer term bar to complete before sending a trade. For example, you can create a 1 minute chart, and then add a TimeBar High indicator that returns the high of a 10 minute bar. Your Trading Strategy can access the most recent value of the high for the 10 minute bar that is updated every minute rather than waiting for the completion of the 10 minute bar. Once the 10 minute bar is completed, an entirely new TimeBar High bar is created that looks for a new high value based on the next series of 10 minute bars. In addition to the high, there are corresponding TimeBar indicators for the low, open, close, volume, and various combinations of open, high, low, and close.
The Consolidated Bars indicators combine the information from the most recent N (number of) bars compared to the TimeBars indicators which are time based. The Consolidated Bar indicators allow you to create Trading Strategies, for example, based on the value of the high in the five most recent range bars. These bars are continuous and always reflect the high of the previous N bars. Unlike any moving average which might attempt to do the same, there is never any lag. Once the specified number of bars is completed, an entirely new consolidated bar is created that looks for a new high value based on the next series of N bars. When used on a 5 minute chart, you can generate 10, 15 20 and 30 minute bars which update every 5 minutes. They may be used on time, range, volume or tick charts. The Consolidated Bars indicator include two “gap” parameters that let you decide how the indicator is computed when there is a break in trading caused by an overnight, weekend, or holiday cessation of trading.
InterChart Tools 2 was designed and programmed by Richey Enterprises. The entire help file is available from www.NeuroShell.com, Product Info tab, Product Manuals section. The manual includes pictures of the Example charts.
The cost of InterChart Tools 2 is $319.20 on sale until Wednesday,November 7 (list price is $399). Use the following order link to receive the discount: www.ward.net/60.asp. The prices on the order form will reflect the discount.
InterChart Tools 2 works with the NeuroShell® DayTrader and NeuroShell DayTrader® Power User, as well as NeuroShell Trader Professional and NeuroShell Power User.
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V. One way to stop this newsletter
It is really easy. Just change your E-mail address and don’t tell us.
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