Cost : 795$ - 2495$Overview
The NeuroShell DayTrader Professional adds real time performance to all of the features from the NeuroShell Trader and NeuroShell Trader Professional. To utilize the intraday capability of this program, you are going to need a special real time data feed. The NeuroShell DayTrader currently supports eSignal and Prophet Link intraday feeds.
Not Just for DayTraders
In the Real Traders section of this web page, one of our users (Eric Hoyle) said it best: "The DayTrader is great because it allows you to use a lot more data over shorter time periods. Shorter periods are particularly advantageous when the markets are rapidly changing. I now train my nets on only a month or two of data, using 10-minute bar increments. I may not technically be 'day trading,' however, day trading is not necessarily my goal. My trades typically last two or three days …"
Eric's comment notes that with the NeuroShell DayTrader Pro, it is possible to get a lot more data in a shorter period of time. You'd like more data for more robust models, but you'd like not to model ancient history. The NS DayTrader solves that problem.
There is another reason why end-of-day position traders may want to use the NeuroShell DayTrader. Many trading systems rely on intraday information, even if the practitioners don't consider themselves daytraders.
For example, many systems don't depend upon orders placed at the end of the day for market order or even limit order fills the next day. The order might be placed after evaluating early trading. It might be placed near what looks like a low point of the day. Some schemes may look back during the same day to decide how to set stops, or how to exit. Some depend upon knowledge of the day's open, or the low or high so far for the day. All of those things are difficult or impossible without the NeuroShell DayTrader.
You will no doubt want an intraday data feed with the NeuroShell DayTrader Professional. We support several intraday data feeds that can supply historical as well as up to the minute prices over the internet. Click here for details.
Popular Issues are Now More Amenable to Modeling Technology
One interesting thing about the NeuroShell DayTrader is that it opens a whole new world in terms of what stocks or other issues are predictable. For the first time, you can use neural nets on rapidly rising stocks like Yahoo, AOL, and Dell, because they fluctuate greatly during the day, even though they mostly go up on a daily basis (at least they did prior to the new year!).
Advanced Neural Network Software for Financial Forecasting and Stock Prediction