Software for pattern trading

[intradaybill]

I've done research about white box software program that analyze historical data and discover high profitability patterns (excluding chart patterns) and I have found three different classes:

1. Neural network based. Example: www.tradecision.com Price about $1,200 for EOD.

2. Genetic programming based. Example: http://www.tradingsystemlab.com/home.aspx Price in the 60k range and I can't afford it at this point.

3. Data mining based, Example: www.tradingpatterns.com Price about $1,200 but no charting, just a search engine and one must use Tradestation or Metastock or Welath-lab for that. Limited to price patterns.

Has anyone used any of those programs? Any comments or suggestions regarding them or any other programs?

Bill

 

[frankl]

Hi Bill,

honestly i must admit, that i didn't check out these applications, but as i am in contact with the german developers of "VectorBull", i assume to have a look on it.

http://www.vectorbull.com/eng/

It scans historical data for new patterns, a backtesting engine is also included to verify the results, when trading these patterns.
They have two versions, an EOD version for stocks and a realtime version for futures.

Frank

 

[intradaybill]

Quote from frankl:

Hi Bill,

honestly i must admit, that i didn't check out these applications, but as i am in contact with the german developers of "VectorBull", i assume to have a look on it.

http://www.vectorbull.com/eng/

It scans historical data for new patterns, a backtesting engine is also included to verify the results, when trading these patterns.
They have two versions, an EOD version for stocks and a realtime version for futures.

Frank

This looks like a black box that provides signals based on chart analysis. I'm interested in white box systems only.

There are not too many white boxes out there. IMO never buy a black box, you're wasting your money.

Bill