APS Automatic Pattern Search: Discover Stock, Futures and Forex Trading Systems Automatically
Feb 8th, 2008 by OQ in PC Softwares
APS Automatic Pattern Search enables you to develop and analyze stock, futures and forex trading systems.
This software finds price patterns that fulfill user-defined performance statistics and risk/reward parameters by searching historical data in a fully automated way.
APS is equipped with an intuitive interface where its user can specify historical data files and the performance criteria the price patterns must fulfill. User is not required to write any code. Code is generated automatically for the price patterns so that they can be implemented in Tradestation, Metastock, Wealth-Lab or TeleChart.
APS can search data files of historical prices of traded financial instruments for the purpose of identifying chart formations - known as price patterns - that fulfill user-defined criteria and risk/reward objectives. Traders can use the price patterns as an indication of short-term market direction and develop short-term trading strategies.
APS uses a proprietary algorithm to search for price patterns based on the theory developed by Michael Harris, the founder of Tradingpatterns.com. For each pattern found that fulfills the performance criteria specified on a workspace, APS can generate code to be used with various trading platforms in implementing strategies and obtaining entry and exit signals as the price history of the financial instrument evolves in time.
Developer: TradingPatterns