Product Review: Neuroshell by Dennis Peterson
NeuroShell Trader (NT) is highly sophisticated software that is much more than just a way to utilize neural nets. NeuroShell Trader also deserves to be recognized for having well-designed interfaces that let the trader explore ideas with ease and speed. You can create trading strategies without doing any programming, or you can ask NeuroShell Trader to optimize over a range of parameters and do it in a minute or so. This newest version adds two new features that current users and traders in general have been looking for: position sizing and pyramiding. Thus, the ability to optimize over a range of parameters in a short amount of time is especially helpful when position and pyramid sizes are added to the list of items to be optimized.
Two interfaces within NT are the Prediction Wizard and the Trading Strategy Wizard. For each you’ll go through a series of screens, some of which you’ll need to make a choice about before going to the next screen, but there will be others where you’ll probably use the defaults. Navigating has a couple of common threads for either wizard, as illustrated in Figure 1. Not only are they the same size, but the button locations at the bottom are the same for both. The only difference in the button labeling is that one button reads “Modify Prediction Parameters,” while the other one reads “Modify Strategy Parameters.” If you need an indicator(s), you’ll deal with the same Indicator Wizard, whether you are building a trading strategy, prediction, or indicator. Thus, there are three wizards: indicator, prediction, and trading strategy, and the wizards sometimes share similar screen formats to ease learning.