The Most Advanced Tool for Analyzing Price Action and Discovering Trading Systems

Price Action Lab™
Software for quantitative systematic and discretionary trading

Become a quant trader in just a few minutes. Save valuable time and avoid the pitfalls of backtesting. Select the historical data, the risk/reward parameters, specify the desired performance criteria and enter the world of advanced quantitative trading. Programming knowledge is absolutely not required to use this powerful trading software. Friendly user interface and no unnecessary functionality. Read customer testimonials.

Price Action Lab is based on a novel method of price pattern detection and has no relation to software that is based on neural networks or genetic algorithms. The output of Price Action Lab is 100% reproducible for same data input and parameter settings.

PAL generates backtesting code for patterns and systems of patterns in Tradestation (Easylanguage), Multicharts (EasyLanguage), NinjaTrader and Amibroker (AFL), complete pattern code for Wealth-Lab 4 and TeleChart and pattern condition code for MetaTrader.

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Use PAL to Discover Trading Algos

Use PAL for quantitative discretionary trading

Automated discovery of price action patterns and strategy generation. PAL is a true white-box. No price lagging indicators, no curve-fitting, no optimization. Use it with the timeframe of your choice, daily or intraday. A solid foundation for developing trading systems . No programming required.

PAL scans end-of-day market data and identifies a variety of price patterns and high probability setups. It also determines the probability and significance of directional market moves by calculating the p-indicator. Use the program with any number of symbols to scan. No programming required.

Click here for an example

Click here for an example

Why PAL?

The PAL Advantage

PAL does not use genetic algorithms, neural networks, permutations or any other methods employed by some other programs that often generate random and curve-fitted systems. PAL does not search for any predefined pattern formations in the data and it does not perform permutations or combinations of rules and indicators. The algorithm used for the pattern search, scan and p-indicator functions of PAL was designed carefully to minimize data mining bias.

PAL is based on a proprietary algorithm that produces the same output each time it encounters the same conditions and this determinism is in compliance with the standards of scientific testing and analysis. Due to this determinism, PAL can find patterns that minimize data-mining and data-snooping bias. In addition, the program offers  several functions for out of sample testing and cross-validation and a randomization tool for ranking performance results.

Click here for an example

Click here for an example


Testimonials from real customers

    "...I just wanted to say thank you and to mention that the PAL v7.0 with the Gold Add on is working brilliantly for me.", A.F., Italy.

    "...your product is unique and, in my view, quite valuable", J.F., CA

    "I've enjoyed all of Mike's [Harris] books and use of his software and I'm grateful for Mike [Harris] sharing his knowledge on price pattern generation.", P. K., Australia

    "I have been using the software and am very impressed with it.", M.P., United Kingdom

    "I recommend the software because it does what it says in the label, honest!", E. P., United Kingdom

    "Thanks for your help and I want you to know that I am very impressed with the software and your support.", B.W., NC

    "Thanks for an excellent software product, and a different view on trading the markets.", M. B., United Kingdom

    "...I would not miss it for my trading. I also would like to thank you for your first class support...For me PAL works and I'm happy that I have bought the software.", W.S. Germany

Customer comments

    "A colleague has been using one of your competitor's products: [name removed] and been extremely frustrated with real world
    performance." . L. S., NC.

    "I have purchased other programs [name removed] and have not been able to generate useful systems." M. C., AZ.

    "In my opinion people buy software and want immediate success without work and without thinking about the code of the computer generated strategy. That is the reason why most of them fail..." " W. S., Germany.


New add-on for NinjaTrader code generation in PAL  v7.0  Click here for more details.

PAL v7.0 now includes 
the Gold, System Code
and Momentum Add-ons

System Code for Sale
All systems tested 
in out-of-sample

What You Can Do
Price Action Lab

The Secret to
Profitable Trading
A Must Read

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Click here for more info

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