BioComp Profit (BioComp Systems Inc.). Neural network-based trading system development software. by Howard B. Bandy, Ph.D.
BioComp Profit is an exten-sion
of BioComp Systemsí
(NGO) neural network
modeling product. Profit is
designed specifically to construct and
test trading models and trade financial
markets. And it is very effective. In an
NGO review that was published in the
August 1997 STOCKS & COMMODITIES,
the steps necessary to develop and use a
model of a financial time series for
investing or trading were discussed.
Briefly, those steps are:
1 Decide what you want to predict.
2 Decide on the measurement of
goodness for your model.
3 Assume your model will be per-fect
and evaluate its potential profitability.
4 Select the factors you want the
model to use to make the prediction.
5 Collect the associated data.
6 Preprocess and transform the data.
7 Divide the data into training set
and validation set.
8 Build the model.
9 Use the model.