We have added free software to Trader Education section for identifying strategies from price action.
Free DLPAL S software is now included in Traders Education section of Price Action Lab Blog.
Along with a free book and links to 47 free articles, there is now a link to download a full-functional version of DLPAL S software with limited search capability. This software is no longer updated or further developed and the free version will run for a year. No support is provided for free versions.
DLPAL S was designed for trading strategy developers that follow systematic signals and it is easy to use. Programming is not required. In fact, DLPAL S generates code for strategies and systems of strategies.
DLPAL S identifies parameter-less strategies in historical price data that fulfill user-defined performance statistics and risk/reward parameters. These strategies are also known as price patterns. The program uses primitive attributes of price action, and specifically the open, high, low and close, to extract features types in an unsupervised learning mode based on general feature clusters. Then, the program uses the extracted features in supervised learning mode to identify strategies and systems of strategies that fulfill the user objectives. Both long and short strategies are identified for one security at a time. The program can also identify strategies that work across a universe of securities. The results usually offer a good mix of momentum and mean-reversion strategies in the timeframe of interest. Click here for more.
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
Commodity Futures, Trading Commission Futures, Derivatives and Options trading have large potential rewards, but also large potential risks. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. Past performance of any trading system or methodology is not necessarily indicative of future results.