Jeff Parent’s Signal Efficacy can be easily implemented in the NeuroShell Trader Professional by using the NeuroShell Trader Professional’s ability to call external programs. These programs can be written in C, C++, Power Basic (also Visual Basic using one of our add-on packages), and Delphi. We’ve created the Minimum and Maximum Signal Efficacy Indicators that you can download from the NeuroShell Trader free technical support website.
After downloading the custom indicator you can insert it by doing the following:
1. Select ‘New Indicator …’ from the ‘Insert’ menu.
2. Select the Custom Indicator category.
3. Select the Min Signal Efficacy and Max Signal Efficacy indicators.
4. Select the parameters as you desire.
5. Select the Finished button.
You can then export the indicators to Excel as Jeff Parent suggests and use Excel to create a histogram and analyze your indicator’s performance.
After downloading the custom indicator you can easily analyze any of the built in trading signal indicators (including candlesticks) or build your own by combining some of over 800 built-in indicators.
After you find a good indicator you can build a chart based on it by using that indicator in a prediction and/or trading strategy. Additionally, if you decide to use your indicator in a prediction or a trading strategy, the coefficients can be optimized by the Genetic Algorithm built into the NeuroShell Trader Professional. This can provide you with the parameters that maximize profitability.
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