Optimizing With Hilbert Indicators (TASC November 2000)

If you own the NeuroShell Trader Professional or the NeuroShell DayTrader Professional, you can use the Genetic Optimizer to determine the best parameters for you in one step. Though you can iteratively determine the optimal parameters as Roger Darley did if you wish, the genetic optimizer overcomes the limitations of other optimizers by performing fast optimization of a large number of parameters.

The Hilbert Indicators and their modifications by Darley and Ehlers are quite complex, but with the NeuroShell Trader’s ability to call external code, we have the choice of building the custom indicators in C, C++, PowerBasic, or Delphi. Users of NeuroShell Trader can go to the STOCKS & COMMODITIES section of the NeuroShell Trader free technical support Website to download the Hilbert Indicators for this article that we created.

After downloading the custom indicators, you can create a Channel Breakout System using the Hilbert Channel Indicators by selecting ‘New Trading Strategy …’ from the ‘Insert’ menu and enter the following entry/exit conditions in the appropriate locations of the Trading Strategy Wizard:

Long Entry:
Generate a buy long MARKET order if ALL of the following are true:
HilbertHighBreakout( High, Low , 15, 0 )

Long Exit:
Generate a sell long MARKET order if ALL of the following are true:
HilbertLowBreakout( High, Low, 15, 0 )

To view the Hilbert Entry and Exit Channels on the chart, you can simply insert the HilbertEntryChannel and the HilbertExitChannel custom indicators using the Indicator Wizard.

Additionally, you may find the Hilbert Channel Indicators interesting when using the neural nets in the Prediction Wizard to predict future price movements, highs, or lows, as well as in additional Trading Strategies that you may combine with different indicators to create your own unique system.

Mr. Ehlers’ company Mesa Software Trading Systems sells additional indicators that are specifically designed for use with the NeuroShell Trader. For more information on these indicators please contact Mesa Software Trading Systems.

File Download

tip1100.exe

Was this article helpful?

Related Articles