Forex patterns

I don't understand why someone would need a program to search for patterns in fx. How many pairs are there that you actually trade? 10, 20, 30? You can't do a simple visual scan of those few instruments?

Harold
 
Quote from hcour:

I don't understand why someone would need a program to search for patterns in fx. How many pairs are there that you actually trade? 10, 20, 30? You can't do a simple visual scan of those few instruments?

Harold
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Hi Harrold, the answer to your question is the following: you need such a program for analysis and automation purposes. You can use a data miner to find the patterns, analyze their historical performance and get the programming code to automate buy/sell signals.

There are only two software programs in the market, as far as I know, that are "white boxes", meaning that they find patterns and generate code you can use with programs like Tradestation:

1. Trading System Lab. www.tradingsystemlab.com
priced at $60K plus a maintenance fee of $20K/yr. This
is a program based on genetic programming. Kind of expensive!

2. APS Automatic Pattern Search. www.tradingpatterns.com
price at $1295/5 yrs and based on data mining

Both programs find patterns in historical data based on user criteria and generate programming code you can cut/paste into the system tester of programs like Tradestation.

In this way you can automate both the pattern search and the trade execution. This is the way to go.

Ron
 
Quote from PrivateTrader:

way to go - You need to trade independently. Then it is possible to go forward.

regards
FxManager.info
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Trade independently as opposed to what?
 
Quote from ronblack:

1. Trading System Lab. www.tradingsystemlab.com
priced at $60K plus a maintenance fee of $20K/yr. This
is a program based on genetic programming. Kind of expensive!
More...

Sounds expensive for a system that is basically built around a commercial program called Discipulus:

http://www.rmltech.com/traders.htm

The thing is that discipulus sells for only $195 and up to the 60K level there should be a tremendous added value. Maybe so, I don't know since I haven't tried trading system lab as it's too expensive for my trading budget. Maybe it worths the 60k price tag.

Alex
 
Quote from alexandermerwe:

Sounds expensive for a system that is basically built around a commercial program called Discipulus:

http://www.rmltech.com/traders.htm

The thing is that discipulus sells for only $195 and up to the 60K level there should be a tremendous added value. Maybe so, I don't know since I haven't tried trading system lab as it's too expensive for my trading budget. Maybe it worths the 60k price tag.

Alex
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There are other costs and restrictions:

"Platforms are priced at $60,000. A maintenance fee of $20,000 per year after the first 2 years is required for continued operation. The TSL license requires the signed acceptance of restrictions regarding external use of TSL generated systems or signals. "

http://www.tradingsystemlab.com/howtoorder.aspx

Sounds like a law firm with a software development department:)

Bill
 
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