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TradingSolutions Review :: Combining Neural Networks & Artificial Intelligence with Technical Analysis
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TradingSolutions Software Review
TradingSolutions is a unique financial analysis software package that combines traditional technical analysis with neural networks and artificial intelligence technology.
In essence, TradingSolutions is a software toolbox for building your own trading systems. It is not a trading system in its own right but a "toolbox" of traditional technical analysis, neural networks and artificial intelligence (AI) techniques you can combine to form intelligent trading models.
And with over 250 built-in functions, technical indicators and charting tools at your disposal, it is a very powerful toolbox at that.
--->FREE Trial: Download and Test-Drive TradingSolutions 4.0 Free Here.
Neural Networks, Artificial Intelligence & TradingSolutions
Artificial Intelligence
Artificial intelligence is a term used to refer to a broad category of technologies that allow a computer to simulate learning or subjective reasoning. AI includes neural networks, genetic algorithms, expert systems and other approaches that you may have heard of. Each of these technologies has different strengths and weaknesses that make them good at solving particular problems.
Neural Networks
What a neural network does is to identify patterns in the relationships between the data and the information available at a particular time. The exciting thing about them is they can actually learn from data to train themselves to perform more effectively. It collates this information and determines the best position for you at any one time. The advantage is that it can identify much more complete patterns than you could possibly identify by the human eye.
While the theory behind neural networks is rather complex, the interface in TradingSolutions 4.0 makes it simple for anyone to apply them to their trading.
In fact, after completing the step-by-step tutorial, you'll immediately be ready to use the prediction wizards and the other intelligent tools at your disposal.
Artificial intelligence is a term used to refer to a broad category of technologies that allow a computer to simulate learning or subjective reasoning. AI includes neural networks, genetic algorithms, expert systems and other approaches that you may have heard of. Each of these technologies has different strengths and weaknesses that make them good at solving particular problems.
Neural Networks
What a neural network does is to identify patterns in the relationships between the data and the information available at a particular time. The exciting thing about them is they can actually learn from data to train themselves to perform more effectively. It collates this information and determines the best position for you at any one time. The advantage is that it can identify much more complete patterns than you could possibly identify by the human eye.
While the theory behind neural networks is rather complex, the interface in TradingSolutions 4.0 makes it simple for anyone to apply them to their trading.
In fact, after completing the step-by-step tutorial, you'll immediately be ready to use the prediction wizards and the other intelligent tools at your disposal.
TradingSolutions Review
~ Using TradingSolutions To Predict Future Prices
The really neat part of TradingSolutions is its Neural Network function, which allows it to learn prior patterns for the best time to buy or sell the markets in the future. This can be used for stocks, futures, mutual funds, currencies and other financial instruments.
You can use neural networks to predict prices several days in advance and base base a buy and sell strategy on that predicted price such as the closing price of stock or currency level.
For example, you download a set of data for a stock, such as a historical list of prices it has traded at. Then, you allow the neural network to analyze the data for relationships between the closing price and other factors, such as the prices for the preceding days. Once this is done the neural network can be used to predict future closing prices, allowing you to identify buying opportunities.
Besides basic trading information such as high, low, open & close, you can also feed any other any date-based information into TradingSolutions neural networks, including technical indicators (eg. MAs, stochastic oscillator, RSI, etc.) and broad market conditions (e.g., the Dow Jones Industrial Average, TRIN, etc.)...whatever you think is relevant can be fed into the neural networks to improve the predictions.
You can use neural networks to predict prices several days in advance and base base a buy and sell strategy on that predicted price such as the closing price of stock or currency level.
For example, you download a set of data for a stock, such as a historical list of prices it has traded at. Then, you allow the neural network to analyze the data for relationships between the closing price and other factors, such as the prices for the preceding days. Once this is done the neural network can be used to predict future closing prices, allowing you to identify buying opportunities.
Besides basic trading information such as high, low, open & close, you can also feed any other any date-based information into TradingSolutions neural networks, including technical indicators (eg. MAs, stochastic oscillator, RSI, etc.) and broad market conditions (e.g., the Dow Jones Industrial Average, TRIN, etc.)...whatever you think is relevant can be fed into the neural networks to improve the predictions.
Using TradingSolutions To Identify Trading Opportunities
TradingSolutions has another unique feature that allows you to analyze historical data to determine when the best buying and selling opportunities would have been.
TradingSolutions calls this the Optimal Signal. The neural networks can then be used to analyze this buy and sell information for relationships with other factors, such as the prices for preceding days. Given these relationships, the neural network can help to determine what position you should currently be in for optimal profits. The idea is that if you can model where you should have been in the market throughout history, you can predict where you should be in the market right now.
TradingSolutions software is able to learn from intraday data to give you real-time alerts of trading opportunities throughout the day and can be used by both the active swing trader and the full-time day trader.
TradingSolutions calls this the Optimal Signal. The neural networks can then be used to analyze this buy and sell information for relationships with other factors, such as the prices for preceding days. Given these relationships, the neural network can help to determine what position you should currently be in for optimal profits. The idea is that if you can model where you should have been in the market throughout history, you can predict where you should be in the market right now.
TradingSolutions software is able to learn from intraday data to give you real-time alerts of trading opportunities throughout the day and can be used by both the active swing trader and the full-time day trader.
Using TradingSolutions To Build Your Own Trading Systems
With over 250 built-in functions and technical indicators at your disposal, you can use them to create powerful custom rule-based trading systems and perform chart analysis. Your trading system can consist of indicators and rules like traders have used for years, artificial intelligence techniques, or hybrids of both.
To build systems you just need to be able to obtain data for the instrument or exchange in which you are interested. Then the models you build will automatically back-test, and continue to give signals into the future as new data arrive.
Getting data into TradingSolutions is easy. It can be used with daily, weekly, monthly, and even with real-time intraday data. Streaming real-time data is supported with eSignal and IQFeed. End-of-day data is supported by eSignal, Quotes Plus and Prophet Finance. Other vendors data can usually be imported into TradingSolutions using text or MetaStock files.
Once you have created one or more trading signals, powerful signal analysis tools show you exactly how a neural network or rule-based system would have performed with a particular stock. It also has TradingStyles that lets you customize the analysis to your personal approach to trading by allowing you to specify the amount of money or shares you normally use. You can then experiment with techniques such as short trading, stops and limits.
TradingSolutions even goes do provide for you a number of examples of systems designed by others. In addition, each new user of Trading Solutions is provided with daily trading signals and commentary imported directly into your portfolio. These signals can then be used as part of your trading strategy or learn by example on how to generate your own winning signals.
To build systems you just need to be able to obtain data for the instrument or exchange in which you are interested. Then the models you build will automatically back-test, and continue to give signals into the future as new data arrive.
Getting data into TradingSolutions is easy. It can be used with daily, weekly, monthly, and even with real-time intraday data. Streaming real-time data is supported with eSignal and IQFeed. End-of-day data is supported by eSignal, Quotes Plus and Prophet Finance. Other vendors data can usually be imported into TradingSolutions using text or MetaStock files.
Once you have created one or more trading signals, powerful signal analysis tools show you exactly how a neural network or rule-based system would have performed with a particular stock. It also has TradingStyles that lets you customize the analysis to your personal approach to trading by allowing you to specify the amount of money or shares you normally use. You can then experiment with techniques such as short trading, stops and limits.
TradingSolutions even goes do provide for you a number of examples of systems designed by others. In addition, each new user of Trading Solutions is provided with daily trading signals and commentary imported directly into your portfolio. These signals can then be used as part of your trading strategy or learn by example on how to generate your own winning signals.
Download TradingSolutions 4.0 - Free
Download Full Version
In summary, TradingSolutions is a powerful neural network engine trading tool that can be used by beginner, intermediate or advanced user. If you are a serious about improving your trading, you really must check out the TradingSolutions software. The learning curve is approx. 20 hours for you to get comfortable with the program.
If you are interested. you first should download the TradingSolutions Free Evaluation Version. It includes all the functionality of the full version for 30 days.
The download includes animated demonstrations and tutorials that introduce the features and concepts of TradingSolutions.
If you are interested. you first should download the TradingSolutions Free Evaluation Version. It includes all the functionality of the full version for 30 days.
The download includes animated demonstrations and tutorials that introduce the features and concepts of TradingSolutions.
TradingSolutions Review & Feedback Forum
Share your experiences with TradingSolutions 4.0 with others who may be interested in test driving this trading software.
ITORHO EFE RICHARD
A begginner looking forward to getting the best out of the market
Posted May 28, 2008
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