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Tradingpatterns.com announces the release of version 4.8 of APS Automatic Pattern Search, a software program that discovers price patterns that fulfill user-defined performance statistics and risk/reward parameters by searching historical market prices in a fully automated way.

New York, NY (PRWEB) April 22, 2005 -- Tradingpatterns.com announces the release of version 4.8 of APS Automatic Pattern Search, a software program that discovers price patterns that fulfill user-defined performance statistics and risk/reward parameters by searching historical market prices in a fully automated way. Version 4.8 of APS offers the option of automatic code generation of price patterns for use with Wealth-Lab and TeleChart, in addition to the already offered code generation option for Tradestation and Metastock, as well as, several other enhancements.

APS Automatic Pattern Search implements an advanced algorithm that can search historical prices of traded financial instruments and identify price pattern formations traders can use as an indication of short-term market price direction. The pattern formations APS identifies can be used in the development of short-term trading strategies for the equity, futures and Forex markets. APS Automatic Pattern Search offers a powerful alternative to systematic technical trading, which traditionally involves a lot of guesswork and trial-and-error back-testing. APS uses as a guide the desired performance statistics and risk/reward parameters specified by the user to search for trading system models based on price patterns that fulfill the set requirements in the price history considered. It then generates the exact mathematical description of the trading system models it discovers and software code for implementing them in popular real-time market analysis and trading system development platforms.

Tradingpatterns.com was established in 1998 by Michael Harris, a leading authority in the field of trading system development and a well-known author and trader. The company specializes in the research and development of state-of-the-art trading systems for the futures, equity, currency and fixed income markets and offers consulting services to Institutional Investors and Hedge Funds.

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