V.16:14 (677-678): Product Review: NeuroShell Trader by John Sweeney

V.16:14 (677-678): Product Review: NeuroShell Trader  by John Sweeney
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Product Description

NeuroShell Trader (Ward Systems Group, Inc.) Neural nets for financial predictions. by John Sweeney

Neural nets, like artificial intelligence and chaos theory, were once the hot topic among traders. As the usual frustrations with a new technique took hold, hype died down and vendors consolidated. Of the remaining few, Ward Systems is among the most dedicated of neural net vendors, developer Steve Ward being an enthusiast, to say the least.

Ward noted that 40-50% of his neural network customers were traders and resolved to offer them a complete pack-age — one with easy data access, charting, indicators, and no neural net confu-sion. The goal was for them to turn it on and run it without being aware that it was a neural net at all.

NeuroShell Trader doesn’t quite achieve that, but it gets close. The program focuses on trading research: predicting prices, developing trading signals, finding trends by testing and building complex indicators. NeuroShell Trader can do walk-forward testing, graph its indicators and predictions along with prices and export them to other programs, principally that of Omega Research and Equis.

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