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Strategies & Market Trends : Neural Nets - A tool for the 90's -- Ignore unavailable to you. Want to Upgrade?


To: Larry Livingston who wrote (645)8/26/1999 1:37:00 PM
From: LastShadow  Read Replies (2) | Respond to of 871
 
Counting learning and evolving and etc - about 6 years, and no I don't recommend it. I have been using Ward's products, and others for about 14 years, but only the last 6 or so for financial markets. Although I think mine offer some advantages, the disadvantages are severe (it had to run on a 16 unit parallel processor I had on loan from NASA, now it runs somewhat crippled on a couple 400 MHz pcs)). There are enough viable products and data sources out there now to make use of commercial products and building nets should be left for other uses for which there aren't packaged solutions.

I got better results from my nets because there were targeted at several hundred equities, indices and currency triangles as a screening tool. NSTrader is better as trading system development and specific equity management. With the XL SPDR's and QQQ, etc, doing what I used to do is no longer required as sector information is more readily analysed than it used to be.

There is a lot of knowledge about how the tool works that you can gather by building your own nets, but that isn't some required to make good use of the tool. I have seen the best success in others who have a good understanding of the market forces than by net gurus.