V. 11:14 (590-591): ModelWare Professional Version 2.0 by John Sweeney

V. 11:14 (590-591): ModelWare Professional Version 2.0 by John Sweeney
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Product Description

ModelWare Professional Version 2.0 by John Sweeney


1615 Bowen Road

Nanaimo, BC V9S 1G5


Phone: 604 754-4223 or *800 663-8611

Product: Proprietary numerical modeling and forecasting software.

Price: $595

Equipment: IBM compatible with 640K RAM; EGA/VGA graphics; Dos 3.1 or better; math coprocessor; 3 MB hard disk space.

Why would we want to imitate the human brain? Sure, we've all read numerous reassuring stories about the brain's storied capabilities—"It's so much more powerful than the best computer" and all that. However, have the results of all humanity's brainwork, applied to trading, been so great? Academicians are only recently finding evidence of extraordinary returns generated by human brainpower. Nevertheless, the siren call of science ("We have a model that can do things better than you, nyah nyah") constantly returns. ModelWare is of that genus.

ModelWare trains on historical data like a neural net or artificial intelligence product but uses its own proprietary "universal process modeling" algorithm. Needless to say, if you've read ads in trading magazines, this model was developed in a suitably high-tech environment, where it is now safely protecting us all from nuclear destruction.

Since we don't, as usual in the blackbox business, know how the model has come to its conclusions, we must judge by the results. These, in turn, rely on the data you select to feed the model, whether you actually succeed in getting the data into the model, the model's success in formulation and your success in interpretation. This is more work than the average trader will bear, frankly.

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