Then choose trading strategy
This is where you can choose to model long positions, short positions, or both. I am choosing long positions only, and I am setting the account size to $1,000. Any account size works for me, as I am only using it for comparing models to choose the best one.

Next, I am going to click on the 'new tab' and set my first model to run. I am going to pick a stock, any stock, and I randomly picked Ford which trades by the symbol of "F".
You simply put in the symbol, them choose the name of your model, which I chose as FORD-1, as I plan on doing a total of 5 models from Type'1' to Type'5'. When you hit 'finish' the program will immediately tell you how many 'stops' were activated, then it will ask you if you want to start learning. You hit 'yes' of course and the software starts doing the learning process for your model.
When your model has finished learning, then you can do a new model, which I always do all 5 of the preset models. In this case I named each model FORD-1 through FORD-5. After all models are run, then I go to the 'analysis tab' at the top and choose 'strategy performance comparison'. This way I can choose the best model I have created for using going forward.

I will try to get better screenshots of every step of using this software. This was just a very quick basic start-up. I would be interested in what all of you would like to know or learn. Much of what you might need to know would be based on your experience with equity trading. I don't want to be too simple, but I also don't want to leave anybody in the dark so to say. Thanks for all of your comments so far.
Have a great day,
Roger
Hey Roger,
ReplyDeleteThank you SO MUCH for these screenshots and straightforward explanations! As I said in another comment I felt overwhelmed by this software and did not know where to start. You are a good teacher!
Hi Ed,
ReplyDeleteThanks for you comment. Eight years ago I was overwhelmed by the software. I experimented, and experimented. I finally felt really comfortable using it, and it has really helped me grow my retirement account, much more than a savings account or money market account. Dive right into it, even if you start with a small amount. At one time, I only started with $400 just to get used to using it. After I learned the accuracy, I was comfortable with using much more and it 'snowballed' over the months. The one thing I learned the most was that the signals occurred actually before the 'event'. The software was not 'after the fact' but was really right on the mark before a turn took place.
thanks
ReplyDeleteI just found your blog. The dates are in 2017. Are you still active with the blog? Is there some other way to get info on using the software effectively?
ReplyDeleteAre you still there? I am on my own now, but I still love giving advice. My personal email is roger258@twc.com .
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