Tradingpatterns.com Announces the Release of Version 4.9.8 of APS Automatic Pattern Search

Tradingpatterns.com announces the release of version 4.9.8 of APS Automatic Pattern Search, a software program that discovers trading systems that fulfill user-defined performance statistics and risk/reward parameters by searching historical market prices in a fully automated way. Version 4.9.8 includes a number of new features and enhancements, as well as, minor bug fixes and improvements.

New York, NY (PRWEB) March 21, 2008 -- Tradingpatterns.com (www.tradingpatterns.com) announces the release of
version 4.9.8 of APS Automatic Pattern Search, a software program that discovers trading systems that fulfill user-defined performance statistics and risk/reward parameters by searching historical market prices in a fully automated way. Version 4.9.8 includes a number of new features and enhancements, as well as, minor bug fixes and improvements.

APS Automatic Pattern Search can search historical prices of traded financial instruments for the purpose of identifying price pattern formations that can serve as indicators of short-term price
direction. The price patterns can be used as building blocks in the development of systems for trading the equity, futures and Forex markets. APS Automatic Pattern Search searches for models of trading systems based on price patterns that fulfill the performance statistics and risk/reward parameters specified by the user. It also generates the exact mathematical description of the trading system models it discovers and programming code for their implementation in popular trading system development and order execution platforms.

a breakthrough in trading system development

The traditional process of developing trading systems based on historical testing and analysis fails unless one can come up with a suitable trading model in advance. This is a very tedious and time-consuming process that very often leads to frustration. Discovering a profitable trading system using the traditional methodology is equivalent to "looking for a needle in a hay stack".
APS Automatic Pattern Search was called "a breakthrough in trading system development" because it discovers trading systems automatically based on high-level criteria. The program implements the concept of "Forward Synthesis of Trading Systems" developed by Michael Harris in the early 90's. The input to the program is the desired historical performance and risk/reward parameters of the trading models to be discovered. The output is the set of rules of trading systems based on price patterns that fulfill the performance and in the risk/reward criteria specified by the user.

APS Automatic Pattern Search has a user-friendly interface for selecting historical data files and specifying the performance criteria the price patterns must fulfill. The user is not required to write any programming code, something that is required by popular software packages that only analyze trading systems. Instead, APS discovers trading systems based on price patterns automatically using as a guide the performance criteria specified by the user. In addition, the program has functions for scanning a universe of securities for price patterns, for tracking the signals generated by trading systems saved by the user and for generating code for implementing the systems in other popular programs.

The newly released version of APS allows scanning for price patterns that exit at the next close following the pattern formation and then adding the results to system tracking, as well as, it generates code for the patterns. This version also provides significantly improved back-testing parameter reporting capabilities and several other minor improvements and enhancements.

Tradingpatterns.com (www.tradingpatterns.com)was established in 1998 by Michael Harris, a well-known trader, author of best-selling trading books and a leading authority in the field of trading system development. The company specializes in the development of state-of-the-art trading systems and trading system development tools for futures, equity, currency and fixed income markets and offers consulting services to Institutional Investors and Hedge Funds.

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