Price Action Lab
Become a quant trader in just a few minutes. Save valuable time and avoid the pitfalls of backtesting. Just select the
historical data, the risk/reward parameters, specify the desired performance and enter the world of quantitative trading. No programming is required to use this software.
Use PAL to develop automated trading systems: Automated discovery of price action patterns and strategy generation. Price Action Lab 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. Click here for an example.
Use PAL to assist you in your discretionary trading: Price Action Lab 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 more details.
Price Action Lab (PAL) does not use genetic programming, neural networks, permutations or any other methods employed by some other programs that often produce
random and curve-fitted systems
. PAL does not search for any predefined pattern formations and it does not
perform permutations or combinations of rules and indicators. The algorithm used for the pattern search, scan and p-indicator functions was designed carefully to minimize data mining bias. PAL also finds patterns with common characteristics that minimize selection bias. In addition, the program provides functions for out of sample testing and additional cross-validation
. 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. Click here
for an article on the problems that may arise from manual and automated repeated backtesting.
Price Action Lab (PAL) will discover price patterns in any market and timeframe of your choice in a matter of minutes by analyzing market
price action based on user-defined performance statistics and risk/reward parameters. PAL achieves this by searching historical data in a fully automated way.
The program offers three main functions: search for price patterns, scan for price patterns and P-Indicator calculations. Programming is not required to use the functions
of PAL. Actually, PAL will generate code for you. Please read our disclaimer before ordering.
Testimonials from real customers
"...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
Get your demo today