Stocks & Commodities V. 25:11 (70-73): Product Review: Neuroshell Trader 5 by Dennis D. Peterson

Stocks & Commodities V. 25:11 (70-73): Product Review: Neuroshell Trader 5 by Dennis D. Peterson
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Product Description

Product Review: Neuroshell Trader 5 by Dennis D. Peterson

NeuroShell Trader uses sophisticated neural network technology that you can use in combination with your usual trading rules for backtesting. You can also use the neural network in standalone fashion to predict a value, such as opening price (or, better yet, percentage change in opening price), and see the payoff (or lack thereof). Besides all of that, NeuroShell Trader also has unique features that make stand out from the rest of the crowd.

First, it will let you know which of your trading rules are working and which are not. Let’s say you have entry rules like RSI(10)>60, closing price>EMA(12) of closing prices, and so on, and you have a set of exit rules. If you select “Rule optimization,” NeuroShell will try every combination of rules and show you the combination that worked best. you pick “Full optimization,” it will not only optimize on the rules but the parameters as well. In the example RSI(10)>60, the parameters are 10 and 60.




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