Thanks for your prompt reply. Actually the pattern is bull/bear flag which is usually a congestion. Some of the scripts that I've come across didn't capture it very well especially after a large move takes place. It's one of the simplest patterns to trade but a challenging one to program as far as I've seen.
Cariocas
Cariocas
Quote from Murray Ruggiero:
Some types of pattern which are difficult to program can be programmed close enough to be useful. One example of this is that TradersStudio ships with a CupAndHandle indicator and user function which can be used in system development.
In addition things like Neural nets are good at pattern detection.
What types of patterns are you interested in.
Another thing you can do is create a file with a date stream and 1,0,-1 for position and order type field and use that as a second data stream and code a system to take those trades. That would do what you want. Then you can create discretionary backtest.
I could see how it could be done without too much trouble.
We have the addins written up on our site. I plan on adding more detail write up soon.
CycleStudio
http://www.tradersstudio.com/Produc...ID/5/psnavcmd/CatalogItemDetails/Default.aspx
Intermarket Divergence
http://www.tradersstudio.com/Produc...ID/5/psnavcmd/CatalogItemDetails/Default.aspx
Neural Net and Kernel Regression
http://www.tradersstudio.com/Produc...ID/5/psnavcmd/CatalogItemDetails/Default.aspx
ORB addin
http://www.tradersstudio.com/Produc...ID/5/psnavcmd/CatalogItemDetails/Default.aspx
Report Day Database
http://www.tradersstudio.com/Produc...ID/5/psnavcmd/CatalogItemDetails/Default.aspx
We don't currently have a demo version , but we do offer a 30 day money back policy.