ASP - Automatic Pattern Search
APS discovers price patterns that fulfill user-defined performance statistics and risk/reward parameters by searching historical data in a fully automated way The price patterns can be combined into trading systems and APS can track the daily signals or generate code for Tradestation, Metastock, Wealth-Lab and TeleChart. There is no need to write any code. APS does the job for you in a fast and efficient way.
Most popular software packages traders use to develop trading systems allow back testing of predefined models. The hard part however, that of discovering the model is left up to the user. This backward analysis of trading system models is a very tedious and time consuming process and finding a profitable trading system is like "looking for a needle in a hay stack". APS is a breakthrough in trading system development because it implements the breakthrough concept of "Forward Synthesis of Trading Systems™". APS takes as an input a set of desired historical performance criteria and the output is the complete set of rules for trading system models that fulfill them along with specific profit targets and stop-loss levels. Several useful functions are also included, like a scan of multiple data files and a system tracking module.
APS finds price patterns that fulfill user-defined performance statistics and risk/reward parameters and achieves this by searching historical data in a completely automated way. The program has an intuitive interface where its user can specify historical data file(s) and the performance criteria the price patterns found must fulfill. The program user is not required to write any code, as it is often the case with other popular software, which only analyze trading models described in some fancy programming language. APS discovers trading models based on price patterns automatically using as a guide the performance criteria specified by the user. It also tracks any trading signals generated by those models and generates code for implementing them in other popular programs, like Metastock, Tradestation, Wealth-Lab and TeleChart. Plus a lot more!