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Neuroshell Daytrader 5.3 Professional
Announcing NeuroShell
Trader Series 5.3 !!!
We are now shipping
release 5.3 to all new
purchasers which is
VISTA compatible.
Overview of release 5.3
Release 5.5 has been in
the making about three
years, and contains some
of the most
sophisticated
capabilities available
today. Following are a
few of the most
significant
enhancements:
Integrated trading
In release 5.3 you can
elect to have your
trades sent
automatically to your
trading account at
Interactive Brokers and
the fill prices are
recorded on your
NeuroShell chart.
Interactive Brokers is
an efficient, low cost,
and reliable worldwide
broker.
Instead of sending
trades to Interactive
Brokers, you can elect
to have the trade
details emailed to email
addresses of your
choice.
Want to write an
integrated trading
interface to some to
some other broker? No
problem, release 5.0
contains a programmer’s
API so that programmers
in your shop or your
broker’s shop can write
your own custom
interface. In fact, if
your broker wants to
build an interface,
we’ll work with them to
get it going quickly and
correctly.
New bar types for NeuroShell DayTrader
There are several new
bar types for intraday
trading when using the
Quote.com or eSignal
data feeds. The amount
of historical data
depends on the amount of
tick history the data
supplier keeps.
Range Bar Charts –
Constant range bars can
be created where each
bar represents trading
activity for the
user-specified minimum
price range. The
high-low range of each
bar will equal the
specified range. Each
bar is created by
accumulating trades
until the high-low range
is reached. The first
trade to break outside
that range starts a new
bar. Since price gaps
are not filled with
phantom bars, the
high-low range of a bar
can sometimes exceed the
specified range when
prices gap outside the
range before a bar’s
price range criteria was
met.
Volume Bar Charts
– Constant volume bar
charts can be created
where each bar
represents trading
activity for the
user-specified minimum
volume. The volume of
each bar will equal the
specified volume. Each
bar is created by
accumulating trades
until the specified
volume is reached.
Tick Bar Charts
- Tick bar charts can be
created where each bar
represents trading
activity for the
user-specified number of
trades.
Second Bar Charts
–Second bars can be
created for the user
specified number of
seconds.
Note – When
using any of the above
bar types, especially
bars that close quickly,
like tick bars with a
small specified number
of ticks, it is possible
in fast moving markets
that more complex models
will not keep up with
tick/bar arrival.
More flexible minute and hour bars
Minute and Hour bars can
now be created with any
number of minutes or
hours per bar.
Technical analysis drawing capabilities
We have added a number
of new chart drawing
capabilities on release
5.0:
You can draw and edit
lines, rectangles, and
ellipses
You can draw and edit
trend lines and trend
channels
You can draw and edit
Fibonacci retracement
lines, Fibonacci
projection lines, and
Fibonacci time lines
You can type and edit
text annotations or
reminders onto a chart
Prediction and Trading Strategy Wizard changes
The Prediction and
Trading Strategy Wizards
have been revamped to
provide a powerful new
capability that promotes
more robust optimization
results. In other words,
the optimizer now has a
feature to minimize
over-fitting so that
future trading after
optimization is more
likely to succeed.
This new feature is
called "paper trading"
and the way it works is
that it does not keep
the most optimum
solution found. Instead,
it keeps a less optimum
solution, the one that
works best on future
data. It actually tests
each good solution on
future "out-of-sample"
data to assure a more
robust solution than the
optimum is picked. You
can still test the
robust "paper trading"
on more out-of-sample
data if you wish.
Ticker scanning
Large numbers of ticker
symbols can be scanned
for user definable
criteria or values.
Users can create and
save scan templates.
Scanning periodicity
(minute bars, hour bars,
etc.) and how far back
data is scanned is also
user selectable. You can
sort the tickers scanned
by indicator values, and
select which tickers
will be used to create a
NeuroShell chart.
Workspaces
You can now save and
load workspaces, which
are collections of
charts you want to load
at the same time. If you
are trading with a
number of charts, they
no longer need to be
loaded individually.
Bid and Ask statistics
When using any tick by
tick data stream based
charting method (Second
Bars, Tick Bars, Volume
Bars and Range Bars),
the following bid and
ask data streams are
created in addition to
the standard Open, High,
Low, Close and Volume:
Bid -The current bid
price at the close of
the bar.
Ask -The current ask
price at the close of
the bar.
Bid Size-The number of
shares offered for
purchase at the current
bid price at the close
of the bar.
Ask Size-The number of
shares offered for sale
at the current ask price
at the close of the bar.
# Bid Trades-The number
of trades that occurred
at the bid price during
the last bar.
# Ask Trades-The number
of trades that occurred
at the ask price during
the last bar.
Bid Trade Volume-The
total volume of trades
that occurred at the bid
price during the last
bar.
Ask Trade Volume-The
total volume of trades
that occurred at the ask
price during the last
bar.
Avg Bid Trade Volume-The
average trade volume for
trades that occurred at
the bid price during the
last bar.
Avg Ask Trade Volume-The
average trade volume for
trades that occurred at
the ask price during the
last bar.
Note that bid/ask
statistics may not be
available for every
ticker symbol.
Availability is
dependent upon whether
the data provider
includes current bid/ask
ticks in the tick by
tick data stream for a
given ticker symbol.
New bar coloring facilities
·
Increasing/Decreasing
Bar Colors –
Ability to color data
series in user selected
colors based upon
whether the data series
is increasing or
decreasing.
·
Maximum/Minimum Range
Bar Colors –
Ability to color data
series in user selected
colors based upon
whether the data has
reached a user defined
upper range or lower
range.
·
Gradient Color Bars
– Ability to color data
series in a user defined
color gradient based
upon the bar’s relative
range or relative
increase/decrease. The
gradient color shading
is determined based upon
the number of last bars
chosen.
Trading data set recalculates statistics with updated
data
As a chart is updated
with more data, a
Trading data set is
added to both the
prediction and trading
strategies which allow a
user to view the trading
statistics, trade by
trade, etc. with data
going forward since the
trading strategy or
prediction was last
backtested. Each time a
trading strategy or
prediction is modified
when there is new data
on the chart, the
Trading Strategy Wizard
and the Prediction
Wizard will recalculate
the Trading data set
statistics to include
the latest data.
Portfolio trading features
NeuroShell now has some
powerful portfolio
management capabilities
when you make use of the
indicators in the Chart
Page Calculation
Indicators category.
This category contains
the Chart Page Upper
Rank, Lower Rank,
Percentile, Maximum,
Minimum, Sum, Average,
Count, Standard
Deviation, and Z-Score.
Use these indicators in
charts with multiple
chart pages (i.e. ticker
symbols) to compare the
current chart page
indicators/value with
all the other chart
pages. So for instance
you could use the Chart
Page Upper Rank
indicator to view the
rank of each chart page
value relative to the
other chart pages, as an
input to a prediction
that indicates how the
ticker is performing
relative to others, or
even as an input to a
trading strategy which
might limit trading to
the top 3 tickers with
the most volume. The
possible uses of these
indicators is limitless.
Faster optimization of trailing stop and exit
indicators
Protective stop and exit
signal indicators now
process much faster
during optimization of a
trading strategy as long
as they are not part of
another indicator. The
indicators that optimize
faster are:
Entry Price: Percent
Activation
Entry Price: Point
Activation
Price floor: Percent
Price floor: Points
Trailing price: Percent
Trailing price: Points
Bars Since Activated = X
Bars Since Activated >=
X
Bars Since Filled = X
Bars Since Filled >= X
Price Target: Percent
Price Target: Points
Point values for each ticker symbol
Point Values for
predictions and trading
strategies are now
entered on a ticker by
ticker basis. This
allows for backtesting
and optimizing of
strategies across
multiple chart pages,
with each chart page
having a different point
value. The point values
for each ticker symbol
are also saved and
remembered for use in
future charts,
predictions and trading
strategies.
Chart recalculate
A ‘Recalculate Chart’
menu item is now listed
in the pop-up menu that
appears when the mouse
is positioned over a
blank area of the chart
and the right mouse
button is clicked. Use
the Recalculate Chart
menu item to reread data
files and recalculate
all the calculations in
a chart.
When the chart is based
on an external data file
that is being updated by
an external program,
manually recalculating
the chart will allow new
data from the data file
to be incorporated into
the chart without having
to load and unload the
chart.
Also use the
‘Recalculate Chart’ menu
item allows for a
trading strategy or
prediction to ‘peek’
into the next bar to
make decisions. One use
of this feature is to
make strategies that can
execute a few seconds
after the morning’s open
in a daily chart,
incorporating the open
in the strategy.
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