Testing a New Module of FTA-2
February 9, 2012
In February 2012, Addaptron Software released a new version of Fundamental-Technical Analyzer FTA-2. Now it has a new module which enables using Neural Network to decode candlesticks patterns. A predicted candlestick can consist of one or many trading days. Also the module performs comparative forecast analysis for many symbols.
The result of testing for one symbol:
Practically, the prediction based on candlesticks analysis, as well as, any other technique cannot guarantee 100% accuracy of prediction. However, although no predictive model guarantees exact forecast each time, it can signal a correct direction in many cases. To increase the probability of successful forecast, it is reasonable to use candlesticks forecast in conjunction with other methods.
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April 24, 2009
S&P 500 index (^GSPC) forecast for two weeks of April that was accurate 97%.
Forecast by Neural Network software tool from Investment Analyzer InvAn-4 (Plotting → Technical Analysis). This feature is normally used to confirm optimal entry and exit points within next 10 days. Input data are prices, volumes, and set of technical indicators.