September 18, 2017
IN THIS ISSUE
NEW NEUROSHELL TRADER OPEN FORUM
OnDEMAND DATA INCLUDES HEIKIN ASHI BARS AND FUNDAMENTALS
PROFITING FROM MONTHLY TRADING CYCLES
NEW NEUROSHELL TRADER OPEN FORUM
Visit nstsupport.wardsystemsgroup.com and click on Community Forums at the top of the page. The first time you visit the site, look for the Register link on the left side of the page. Once you submit the registration form, you’ll receive an E-mail that asks you to click on a link to activate your account. That’s all there is to it.
You can start posting on the forum and your comments will be displayed instantly.
OnDEMAND DATA FEED
Includes HeikinAshi Bars and Fundamental Data
Bowfort Technologies is pleased to announced the launch of their new End Of Day datafeed for NeuroShell, called OnDemand. OnDemand seamlessly integrates price and fundamental data from a variety of free (and some optional premium) sources into NeuroShell.
You can download data from Yahoo, Google, Quote Media, Quandl, Tiingo and the St. Louis Fed. Coverage is extensive with Stocks, Indices, Funds, Currencies, Futures, Fundamental and Economic Data, both US and Internationally, integrated into one datafeed.
Additionally, optional Heiken-Ashi Candlesticks are built right into the datafeed. Heiken-Ashi helps to de-noise data and identify the trend.
The datafeed is fast enough to enable the bulk scanning of symbols within NeuroShell.
List price: $34.99
Limited Time Offer: Save $5 per month – get it for $29.99
For more information: http://www.bowfort.com/Products/cartViewItem?sku=NSOND
Editor’s Note: This data downloads fast. Even if you are trading intraday, you may want to use OnDemand for scanning symbols to include in your portfolio.
PROFITING FROM MONTHLY TRADING CYCLES
THIS TECHNIQUE WORKS WITH OTHER TYPES OF CYCLES
An article by Domenico D’Errico in the September 2017 issues of Technical Analysis of STOCKS & COMMODITIES describes his observations of higher close values on certain days of the month. He attributes this behavior to pension fund managers having to place trades corresponding to bi-monthly and monthly pay cycles. D’Errico noted that most of the money is invested in stocks or bonds as opposed to commodities or Forex and that pension funds are not allowed to go short.
He observed that increased volume corresponded with bi-monthly and monthly pay cycles. He then combined this information with some traditional trading rules to improve overall profits. We’re going to show you how to build a similar system in NeuroShell Trader.
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We created a Trading Strategy with a Long Entry rule that included the Day of Month indicator from the Day and Date Flags category to find the best days to open a trade. We let the optimizer pick the day between the 20th and 28th of the month as suggested in the article.
The first Trading Strategy displayed on the chart uses standard RSI trading rules:
Long Entry when RSI < 30
Long Exit when RSI > 70
We let the optimizer find the threshold values.
The second trading strategy added the date filter.
The date filtered model had a 32.2% return on trades (red equity curve) compared to the regular RSI rules with an 18.6% return on trades (green equity curve).
Click here to download the chart.