Afraid to Trade has recently partnered with Tradecision and Alyuda Research to provide superior analytics and strategy development for retail traders. I wanted to give an overview of the software and how you might benefit from using this new and powerful software technical analysis tool.

Tradecision may be best known for its ability to design “Neural Network” trading strategies. Neural networks base their assessments on the price data patterns discovered by mathematical algorithms. Such strategies are becoming more popular as technical analysis moves further into the quantitative (and objective) arena.

Tradecision states: “Unlike any other nets you may have seen or tried before, constructive networks are new, state-of-the-art nets. These networks grow and train themselves during iterative price data analysis.”

I’ll be discussing more features of the software as time progresses and I learn more of the many possibilities available to you through the software. For now, I wanted to provide a quick overview.

In addition to Neural Network technology, Tradecision also allows standard Strategy Testing and Optimization, similar to TradeStation, Wealth Lab Pro, and other programs. Its programming language is extremely simple and can even import strategies from TradeStation’s EasyLanguage code.

As if these were not enough, the software also comes with powerful technical analysis parameters, indicators, and tools, some of which are difficult to find in standard platforms.

Examples include:

One-Click Elliott Wave Count notation

I’ve loved using this feature, as the software has embedded code based on the strict, mathematical rules contained in Elliot Wave Theory and calculates the dominant wave count based on these algorithms. You can edit the count if you like, or create an Elliott alternate wave count as well.

Cycles Analysis

The software has a handful of analytical tools that determine the primary and secondary cycles that are affecting the stock or market under analysis. Finding the dominant cycle can allow price projection parameters and targets into the future.

Fibonacci and Gann toolkit

Tradecision takes Fibonacci and Gann to the next level and provides one-click analysis or complex analysis of these almost ‘magical’ indicators. Create resistance lines, Gann & Fibonacci Fans, Time Arcs, Retracements, Projections, and more features with these mathematical tools.

Tandem Studies

The essence of Tandem study is an in-depth juxtaposition of two adjacent market phases - the Primary and Secondary. For each phase, the medium, extreme or accumulated value of the phase parameter is calculated, which can reflect the momentum, energy, acceleration/deceleration, buying/selling pressure, volume or volatility.

A typical problem Tandem Study is designed to solve is answering the question how strong a new market phase will be after the completion of the current phase and what the duration of the new phase will be.

Deep Market Scanner - “NeatScan”

Assess predetermined conditions or create your own parameters based on a host of Technical Analysis parameters to find opportunities with high profit potential.

I strongly recommend visiting their site and learning more about the broad capabilities of this software and how it may be of great benefit to you as a trader.

As part of the partnership, Tradecision extends a 15% discount to readers of the Afraid to Trade.com Blog, which can be accessed via the link on the homepage or here through this link (or image).

I have been using the software for a month now and firmly approve of the program, and strongly believe it will help you as a trader. I have been able to test new ideas and strategies (including gap fade statistics and momentum parameters) and am just beginning to scratch the surface of this powerful platform.

I’ll be happy to answer any questions you have about the software and strongly encourage you to check it out and perhaps purchase it for yourself. It’s a lifetime license and there are no monthly fees to pay.

I also want to thank the folks at Tradecision and Alyuda Research for offering this opportunity to you and for allowing me to test-drive the software, which I am becoming more dependent upon each week.