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Dear Ward Systems Group Product Owner:
Here's the latest from Ward Systems Group.
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Reminder to Vote for TASC Readers' Choice Awards | |
The December 31 deadline for you to vote for the NeuroShell Trader in the Technical Analysis of STOCKS & COMMODITIES Magazine Readers' Choice Awards for 2014 is fast approaching.
Winning the award helps us attract new users, which in turn provides funds for staff to answer your tech support questions and develop new software. We both benefit, so we are asking for your vote.
HOW TO VOTE
Get your copy of the STOCKS & COMMODITIES magazine and visit www.Traders.com. Look on the right side of the web site for the 2014 Readers' Choice Awards and click on the Vote Now! link.
1. On the page that is displayed, enter your subscriber ID from your magazine address label (look at their example to see which numbers on the label are the subscriber ID). After you are logged in, look for the Artificial Intelligence Software (Expert, Neural) category on page 3. Be sure to mark your ballot for NeuroShell Trader Professional (Ward Systems Group Inc.). THIS IS THE MOST IMPORTANT VOTE.
2. Do the same for the Standalone Analytical Software, $1000 and more category. Look for NeuroShell Trader Professional on page 2.
Be sure to vote before December 31, 2013. Please do it now so you won't forget later.
The winners will be announced in the 2014 STOCKS & COMMODITIES Bonus Issue that will be mailed in late February 2014.
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Exiting a Trading Strategy on the Next Bar's Open in NeuroShell Trader
by Dr. Andrei Deviatov, lead developer of ChaosHunter, and Marge Sherald, CEO |
A customer asked us how to make a daily Trading Strategy in NeuroShell Trader that enters at the market close and exits on the next bar's open in order to calculate the profit on overnight trading. Since we have had the same request several times before, we have created an example chart that uses a stop order to exit on the next bar's open. Click here to download this chart. Once you have downloaded the .zip file, click on the file to extract the chart and save it in a folder on your computer.
The Trading Strategy enters a Long by simply using the close as the entry condition. A price stream such as close is always true because there is a close for every bar, and therefore a trade is entered. You could also use open, high, low, or any other true condition.
Note that the order type for the Long Entry is a marketclose (current bar) order, which uses the exact close price of the current bar to calculate profits in our example system that goes from market close to the next day's open. You can use a marketclose (current bar) order for backtesting purposes ONLY, because you can't send in any order that will be filled on the exact close. If you want to trade this system in real time you would have to use an entry condition such as a time condition that generates a trading signal 5 minutes before the close, for example. Be sure to include some slippage in your system.
The Long Exit in our example again used a condition that is always true. We used the relational indicator A = B, and and set A to 1 and B to 1. Feel free to substitute any true condition.
We used a stop order for the Long Exit. For Long positions, a stop order exits if the next bar trades at or below the stop price. The exit price is the stop price (or open price if the bar opens below the stop price) minus slippage. If you set the stop price to a value that is unlikely to be reached, you will get a fill on the open price minus slippage. In this example, we set the stop price at the open plus 20. (You may need to adjust the amount you add to the open if you are trading a security in a more volatile market.)
The Trader looks at the last known value of the open (which is from the previous day) and adds 20 to that value to create a stop price. When a new bar is formed, if the current open is less than the stop price, a Long Exit is triggered and fills at the open, minus slippage.
With these Long Entry and Long Exit rules, you will be able to calculate the profit on overnight trading.
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The Effect of Google Searches on Stock Prices
by Philippe Lonjoux, Noxa Analytics |
The following headline grabbed our attention lately and possibly yours:
"An uptick in Google searches on finance terms reliably predicted a fall in stock prices"
Here is our two cents towards explaining why...
Because of our aversion to loss, we spend more time researching a losing trade; there are more efforts being spent collecting information before seeing a market drop.
I want to put things into perspective; just how much juice can we really expect from mining Google and plugging that data into a trading strategy? Actually, the results are pretty impressive. See how the strategy has done on Finance stocks when searching the term "unemployment":
We put that idea to the test with a strategy that mines Google for the term "unemployment". For a description of the strategy, see this article.
One issue...
The Unemployment index is not designed with traders in mind. Among other things, the index is rescaled from day to day changing the data by a fraction of a percentage point. Fortunately there are ways around the limitations that we are currently investigating.
But we hope that we've sparked some ideas for folks interested in exploring "proxying" further in their own trading.
To help you, we are offering a 25% discount on the Noxa AME add-on for NeuroShell Trader until December 31, 2013. To take advantage of this exciting deal, visit www.noxapredict.com
Happy trading
Philippe Lonjoux
Noxa Analytics, Inc.
www.noxapredict.com
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Holiday Sale
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NeuroShell Trader
All NeuroShell Trader upgrades and updates are on sale at a 20% discount. This sale even includes upgrades to the network versions of NeuroShell Trader.
ChaosHunter
We're also offering all ChaosHunter upgrades for $396.00.
Upgrade prices are going to rise in 2014, so don't wait to take advantage of this sale. We no longer provide technical support for any version of NeuroShell Trader below Release 6 (the current version) or for any version of ChaosHunter below Release 3 (Release 4 is the current version).
Special Bonus
If you own NeuroShell Trader, you can buy ChaosHunter at a 25% discount!
You can add ChaosHunter to your AI toolbox for only $1121, a savings of $374. Be sure to enter your NeuroShell Trader serial number in the comments box on the order form.
How to Order
To order the NeuroShell Trader and ChaosHunter upgrades, visit www.ward.net/60.asp . If you are a NeuroShell Trader owner and want to take advantage of the special pricing on ChaosHunter, log into www.ward.net with your NeuroShell Trader serial number to find a special ordering link.
You can also give us a call at 301 662 7950 or Skype us at wardsystems to place your order.
All sales end Monday, December 23, 2013, at 11:59:59 PM EST.
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Holiday Hours |
Ward Systems group will be closed December 24 and 25, 2013, for Christmas. The office will also be closed on Wednesday, January 1, for the New Year's holiday.
The staff at Ward Systems Group wants to express our warmest wishes to you and yours this holiday season. |
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How to Stop This Newsletter | |
It is really easy. Just change your E-mail address and don't tell us. |
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Fax: 301-663-9920
Skype (sales only) Wardsystems
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Copyright © 2013 All Rights Reserved.
Trademarks: NeuroShell, NeuroShell Trader, ChaosHunter, GeneHunter, Ward Systems Group and the old lady logo are all registered trademarks of Ward Systems Group, Inc. AI Trilogy is also a trademark of Ward Systems Group, Inc.
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