To start off my trading research, I have just recently downloaded for a whopping $1,495. For the past year, I’ve been using, a charting and optimization software designed specifically for Macs. ProTA Gold was great for a beginner like myself: It offered all the basic charting capabilities and allowed me to insert a number of pre-defined indicators such as moving averages, RSIs, parabolic SARs, average true ranges, and the like. It had an easy to use interface, but what I really liked about it was it’s optimization capabilities. The Gold version allowed me to create my own customized system tests (though it took me about a week to understand the programming syntax).
I could then run those tests on any number of tickers, check out equity lines, PnL, Profit to Drawdown ratios, and more. What I didn’t like about ProTA was that it was hard to test for out-of-sample data. I had to manually input the dates I wanted to test for, and even then it was hard to compare between the in-sample and out-of-sample data. Also, when I ran optimizations for my system tests, I usually had to sort through hundreds of tests, usually by plugging the parameters into Excel and visually analyzing for the most robust parameters. This had the advantage of letting me observe all scenarios, but the disadvantage of not being very systematic and possibly allowing for bias.
An extensive review of ProTA Gold would take me an entire day, so I’ll stop here. Neuroshell, being 5 times the price of ProTA, is certainly a more powerful tool. It offers the same capabilities as ProTA, including the ability to create custom indicators and run optimizations. It also allows me to easily test for out-of-sample data: I just simply optimize according to in-sample data, change the date to include out-of-sample periods, and the system shows me how it would have performed in the test period, complete with an equity curve that shows performance as if I had started trading from scratch. Its optimization capabilities are also far more powerful, allowing me to run tests for multiple-parameter systems much faster than ProTA does.
Neuroshell’s most powerful feature, however, is its predictive algorithm software. Using artificial intelligence, Neuroshell claims to be able to use the computer equivalent of human trial-and-error to try and predict the performance of a market the next day. Obviously, it’s not perfect: a perfectly predictive system would be too good to be true.
But given the right inputs and parameters, it performed fairly well, even in out-of-sample data. My dad also found that it seemed to work better in shorter time periods. More time is needed for me to adequately assess its capabilities, but it’s certainly an exciting new toy to play with ðŸ™‚.
NeuroShell DayTrader Professional Note: The following information has not been updated by the vendor since 04/09/18. Address: 7820 B Wormans Mill Rd, #383 Frederick, MD 21701 Phone # for sales: 301 662 7950 Fax: 301 663 9920 Website: Click link to request additional product information. E-mail address: firstname.lastname@example.org CATEGORY: SOFTWARE General Information Product name: NeuroShell DayTrader Professional Initial Price: $2,295.00 Brief product description: The NeuroShell DayTrader Professional is the premier product for day traders and aspiring day traders. Now you can join the revolution and build systems that give buy and sell signals on minute, hourly, and tic bars, as well as daily bars. You can watch each tick change the high, low, and close of the last bar on the chart, until the bar is finished and becomes part of your trading system. Use your alerts to wake you up from your nap, if you are one of the few who will be able to sleep while the NeuroShell DayTrader is running! Backtest your systems before trading.
Use neural networks and genetic algorithms to enhance trading systems.