Hi Iron. What do you mean by complex candlestick patterns? If you are looking for OHLC complex price patterns then maybe you want to take a look at price action lab. Google for it. It has a scanner that can do any number of names in EOD mode and it will tell you historical win rate, number of...
Does it make any sense? Has anyone used it with success or is it just another buzzword of the software industry?
IMO an optimized system - is an optimized system, whether that is done stepwise or not. More importantly, I could think of some cases where walk forward optimization would produce...
Does anyone know of a commercial downloader of free data (Yahoo, Google, etc.) that offers the choice of adjusting stock data for splits only but not for dividends?
I was talking to a certified technical analyst the other day and he insisted that no chart pattern is valid unless it moves in the expected direction and reaches its target. He then argued that all valid TA chart patterns are 100% accurate and the ones which do not evolve as expected are just...
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Amibroker is IMO the best backtesting tool in the market for the money. www.amibroker.com
You can even use the free version and modify the existing sample startegies. I think they have support/resistance level code in their free library. It downloads data from yahoo. No need to pay...
There was a paper posted here in the past showing how TS2000i missed all sorts of entry signals in backtesting mode. It is amazing they got away with that...I guess most traders are not just losers, they are also stupid...