V. 19:14 July (62-65): Product Review: NeuroShell Trader by David Penn
Product Description
Product Review: NeuroShell Trader With Fuzzy Pattern Recognizer by David Penn
NeuroShell Trader’s Fuzzy Pattern Recognizer (FPR), a module of NeuroShell Trader, looks to accomplish two tasks that have vexed traders working with computerized systems. The first is to develop a system that will scan price data series for particular patterns or setups that can be traded. The second, much more complicated task is to tune that system so it is able to catch near-misses and close-enough situations, and not leave too many good trades unexecuted.
Many aspects of price behavior can be relatively easy for one person to communicate to another. If you read that “price falls sharply, then holds, then resumes steep descent,” you could probably picture in your mind’s eye some chart that fits this description. But such perfectly good, perfectly clear English is often fuzzy to the coding of a computer program. ...
NeuroShell Trader’s Fuzzy Pattern Recognizer (FPR), a module of NeuroShell Trader, looks to accomplish two tasks that have vexed traders working with computerized systems. The first is to develop a system that will scan price data series for particular patterns or setups that can be traded. The second, much more complicated task is to tune that system so it is able to catch near-misses and close-enough situations, and not leave too many good trades unexecuted.
Many aspects of price behavior can be relatively easy for one person to communicate to another. If you read that “price falls sharply, then holds, then resumes steep descent,” you could probably picture in your mind’s eye some chart that fits this description. But such perfectly good, perfectly clear English is often fuzzy to the coding of a computer program. ...
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