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TEA Business College:Revolutionizing Technical Analysis

2024-12-25 12:38:02 source:lotradecoin real-time trading charts Category:My

Software Overview and Background 

AI ProfitProphet is a leading technical analysis trading platform that has stood the test of time since its first version was launched in 1991. It was developed by Samuel Forbes, a highly acclaimed pioneer in trading software. In 1983, he introduced the world's first commercial trading software that allowed for strategy backtesting and optimization on personal computers, making a significant impact in the field of technical analysis.

Since the late 1970s, he was an active commodities trader, so his backtesting software focused solely on individual commodity markets, handling nuances in commodity trading, including roll tests for actual contract months and tests for locking limit conditions. With the rise of the multi-million dollar trading software industry and the emergence of a multitude of competitive programs centered around backtesting as the backbone of computerized technical analysis, Samuel Forbes began to 

envision his next generation of trading software. He started exploring the dynamic interconnections between related markets and how they simultaneously influence the degree to which a specific target market under consideration for trading is affected, rather than using backtesting to check one market at a time. The global stock market crash of 1987 helped validate his concept of global market interdependence, but he sought to apply more rigorous mathematics to tackle the challenge rather than using simple linear correlation analysis between any two markets. His idea was to explore how multiple markets impact a specific target market simultaneously, something that conventional analysis cannot achieve. This led him to explore the mathematical application of artificial intelligence, particularly a multi-market analysis approach now known as intermarket analysis using deep learning neural networks, which is currently referred to as intermarket analysis. AI ProfitProphet is the first commercial cross-market analysis software program and the first of its kind to incorporate artificial intelligence into technical analysis software. Over the past few decades since AI ProfitProphet's initial release, Samuel Forbes has expanded it to include commodities, individual stocks, ETFs, and forex pairs. With each new version, he and his company's development team have been enhancing the user interface of AI ProfitProphet and improving its predictive accuracy of market trends and prices based on the software's artificial intelligence, nonlinear, and cross-market analysis capabilities. The recently released version 10.0, much like its predecessors, further advances in this direction by enhancing both the interface and underlying artificial intelligence engine, driving the software's predictive capabilities, forecast accuracy, and performance.

The overall theme of version 10.0 of AI ProfitProphet is customization and modernization, with new features added and existing ones enhanced. The program looks smoother and more updated, allowing you to do anything you want. You can open several charts in a matter of seconds or hundreds of charts if you choose. The options are endless. Using the Intelliscan feature with investment portfolios and AI ProfitProphet simultaneously is now easier and faster than before because you don't have to download data for everything in your market tree. When you open a chart, you download the necessary data. The computation for IntelliScan is now done in the cloud, resulting in faster load times. You don't have to wait for all markets to load before operating the intelligent program. It has an overall modern look and feel, with cleaner charts that are now more customizable than ever before. The new tooltip feature makes it easier to view and utilize chart information. With the introduction of the proprietary prediction indicator "Neural Index," there are greater opportunities for single charting and more mapping possibilities. This is the most user-friendly and intuitive software version yet, now compatible with all latest Windows versions. Another exciting aspect of this latest version is its ability to predict three exciting new markets in the cryptocurrency space - Bitcoin, Litecoin, and Ethereum, with the same level of predictive accuracy as AI ProfitProphet achieves in all other markets it covers. Artificial intelligence meets intermarket analysis Artificial intelligence is now a buzzword, but it has been the core and soul of AI ProfitProphet for decades. Based on AI-driven cross-market strategies, AI ProfitProphet looks into the future with leading technical indicators, rather than lagging indicators that follow trends. This gives users of AI ProfitProphet a unique advantage while other traders are still limited to using reverse testing methods for a single market.

The top section displays the results of IntelliScan, which sifts through thousands of markets and stocks to identify those that meet your specified criteria. Everything is easily customizable without the need for programming. In the lower section, AI ProfitProphet predicts trend directions (red and green shadows represent directions), and a change in trend occurs when the shadow switches from green to red or vice versa.

The top section provides clear predictions on trend direction and changes with high accuracy. The lower section forecasts the price range for the next day. Knowing when a trend will begin, its direction, and what the range might be for the following day.

The lagging indicators show the market's performance over the past few days, making it challenging for traders to predict future trends. AI ProfitProphet transforms the prediction data from its patented neural network training process into leading indicators, providing early alerts on potential changes in market momentum. The software clearly indicates when a trend is becoming stronger or weaker, signaling an imminent change in trend direction. AI ProfitProphet offers leading indicators for over 600 markets, including forex, futures, stocks, and exchange-traded funds. One of the software's features, IntelliScan, allows traders to easily select from over 70 filters when scanning markets for potential trades. When the scanned target trade meets the set criteria, traders can click to view the chart and determine if it is the right time to execute a trade. The upgrade to this feature in the new version is crucial as it allows IntelliScan to load faster since computations are done in the cloud. Users can download data for the charts they call up, enabling them to operate IntelliScan more quickly. However, the program's strength lies in its leading technical indicators derived from the predictive capabilities of artificial intelligence neural network analysis. These leading indicators include predicted short-term and long-term moving average crossovers. A crossover between the predicted moving average and the actual moving average signals an impending trend change. AI ProfitProphet generates optimal moving average combinations, but users can choose their own combination from six predicted typical price index moving averages and three actual daily closing simple moving averages. The predicted high and low point indicators forecast the next day's trading range, allowing traders to identify precise entry/exit points and stop-loss points to complement the short-term forecasts of other indicators.

The neural index, a true predictive indicator forecasting the Neural Index (Pindex), may be the most valuable leading indicator of AI ProfitProphet. Pindex compares the current actual three-day moving average with the predicted three-day moving average, allowing for a prediction of whether typical prices will rise or fall in the next two days. Across a wide range of markets and timeframes, Pindex has an accuracy rate of up to 86%. Over the years, AI ProfitProphet's predictive accuracy statistics have been verified, independently and scientifically validated by mathematical PhDs and other experts. While I appreciate the software's user interface and features, what truly matters is its ability to accurately predict market trends. I have seen many "pretty" products that fail to deliver when it comes to results. To ensure a thorough test and eliminate luck factors, I did two things to verify that this product lives up to its predictive accuracy statistics - I tested it for a long time. The timeframe for this test was from June 1st, 2013 to December 1st, 2017. I wanted to test for multiple years so I could truly evaluate consistency, which many traders and strategies lack. I tested multiple financial instruments, including stocks, commodities, and ETFs. From my experience, I've seen specific strategies or methods work in some markets but not in others. AI ProfitProphet has high predictive accuracy across all these verticals, so I wanted to test it. I'm happy to report that after several years of testing, as well as testing on markets and stocks, I'm very satisfied with and even impressed by the results provided by VantagePoint. Below is a summary of the accuracy study broken down by market during June 1st, 2013 to December 1st, 2017. In the tested markets and stocks, the Share Price Index 200 had the highest accuracy rate at 82.4%, with American Airlines following closely behind at 82%. The lowest accuracy rate over the nearly four years of testing was 78.8%, which was achieved by several markets.

As you can see, I did not take the shortcut of testing just one or two stocks. This thorough review and testing require a lot of work, but it is necessary to determine if traders and investors can achieve greater success using the trend forecasting capabilities of AI ProfitProphet and its predictive indicators. I can report that the software indeed met its advertised accuracy measurements, although it is not a "holy grail" as there is no such thing, but AI ProfitProphet will provide a clear statistical edge that I have not seen elsewhere.

Mendelson holds two patents in AI ProfitProphet. One reports his company's proprietary computerized process of applying neural networks to global market inter-data. The second involves his predictive technical indicator invented using neural networks. AI ProfitProphet is a top-notch tool for building profitable trading strategies. The improvements in version 10.0 of AI ProfitProphet illustrate how far the program has come since 1991, and make us wonder what dazzling new features and functionalities will emerge in the coming years.

In conclusion, AI ProfitProphet is a very powerful tool built on Samuel Forbes' long-standing reputation as the "godfather of computerized technical analysis" in the trading software industry. If you take your trading seriously, believe in the continued globalization of markets, and want to grow your net worth, you should strongly consider joining the thousands of other AI ProfitProphet users worldwide who have surpassed lagging analysis of individual markets. When 21st-century artificial intelligence technology is applied to cross-market analysis in the global markets, last century's trend tracking indicators are available. A savvy trader or investor should have no problem quickly recouping the cost of the software. Highly recommended.