Product Review: Neuroshell Trader 5 by Dennis D. Peterson
NeuroShell Trader uses sophisticated
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.