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TradeMiner Review
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Gecko Software, Inc.
271 N. Spring Creek Pkwy. Ste. A
Providence, UT. 84332 USA
Phone:
800-862-7193
Email:
gecko@geckosoftware.com
Website:
www.TradeMiner.com
Product:
TradeMiner, Software for finding seasonal
cycles, trends, and patterns in Stocks, Futures & Forex.
Requirements: Windows, Mac OS, or Linux
200 MB free hard disk space, 1024x768 screen
resolution (minimum) Larger recommended.
RAM 2GB (more is better). Requires Internet
connectivity for installation, but not to run the
application itself, CPU: 2.4 GHz or higher.
Price: $97.00 each version, Stocks, Futures & Forex,
no monthly fees.
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by Kent Kofoed
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The TradeMiner software is available for Stocks,
Futures, and Forex, and the main premise of TradeMiner
is that markets tend to move in cycles and trends, with
these cycles and trends tending to repeat themselves
over time, and knowing how to recognize these trends,
understanding how they work, and paying attention to
when they are most likely to occur, will help any trader
make more informed trading decisions. Even though
this review focuses solely on TradeMiner for stocks, the
features of both the Futures and Forex TradeMiner
platforms are very similar so many of the features
mentioned here are included in those packages as well.
TradeMiner allows you to dig through years of historical
stock price data, of all of the stocks that are listed in
the S&P 500, the Dow 30, the Nasdaq 100, as well as
hundreds more stocks & ETF’s. In addition, the
software will sort though this data and help tell you
what to trade
and when to
trade it, with the
characteristics
of the trade
being specified
by you. By
allowing you to
easily analyze
the historical
price data of
these actively traded stocks you will be able to quickly
uncover cycles and trends that meet your search
criteria. The design of the software makes it easy to get
started and, after a short time, the easy-to-use format
allows you to navigate the software quickly and easily.
Even though the software does have a pretty basic
design, making it easy for anyone to use, it has
everything that is needed to quickly sort through large
amounts of data and uncover investment opportunities.
In addition to being very intuitive, the software is also
very user friendly. The data that you input is in
paragraph format, making it easy to key in your desired
search criteria. For example, a typical search would look
something like this (with the data in bold being the
criteria)… "Prospect for trades in the Month of: April.
Find trades that win at least 95% of the time, showing
Buy. List trades that last at least 10 trading day(s), but
no more than 30 trading days. Mine at least 15 years of
history. Dig Now!" You can "dig" through the data
according to which month you are looking to find
opportunities, what length of trading period those
opportunities should be, and what type of order you are
looking, as well as the probability of that trade being a
winning trade. In addition to looking for any stock
within a certain month, you can also mine a specific
stock to find out when the best time to trade that stock
is, historically.
There are two basic steps to the mining process and
there are also two basic screens, which includes the
"mine" tab and the "portfolio" tab. The "mine" tab is
where you input your criteria, as shown in the previous
example, and where you get your results. The results
are ranked according to the individual score of each
trade with the best trades showing up first. You are able
to sort the results by the type of position you are
looking to take (i.e., buy or sell), the stock symbol of
the trade, the enter/exit dates of the trade, and many
other important trade characteristics. At the bottom of
each tab you are able to click through three separate
charts, based on which trade you currently have
highlighted. These three charts include an equity curve
showing the historical return characteristics of the
trade, a histogram with year-over-year profit and loss
data, and a pie chart that shows the average risk and
average reward of the trade.
To provide an example of how easy the software is to
navigate, I ran a simulation that mined all of stocks in
the S&P 500, the Dow Jones Composite, and the
Nasdaq 100. This simulation mined all trades in the
month of May, including both buy and sell trades,
which lasted at least 5 days but no more than 30 days,
and had a 95% success rate as well as a minimum of
12 years of historical data (see figure A-1). After
clicking "Dig Now!" it took approximately 40 seconds
to mine through all of the stocks and produced a total
of 67, with 45 of the results being sell trades and 22
buy trades (see figure A-2). In order to find the most
successful trades I sorted the results so that the trades
were ranked in descending order with the most
successful trades listed first. You can also sort the results
by any of the other 31 criteria so that you can quickly
filter through the results and find the trades that your
investment criteria. Since I typically prefer short-term
trades, over long-term trades, but will sometimes
trade for longer time frames depending on what
trading opportunities are available, I sorted the results
by clicking on the "Cal Days" tab
so that each trade was listed in
order according to the total
number of days of each trade.
Looking over to the "Score"
column, and seeing multiple
trades with green dots (which is
the color of the highest ranked
trades and, by the way, makes it
really easy to find the most
profitable trades) and even a few
with score of 5 (which is the
highest numerical score
historically possible), I can
quickly see that there are many
short-term trades to pick from. To
screen the trades a bit further I
scanned the results for trades
that covered different time
periods in the month and I also
looked for a mix of "Buy" and "Sell" entry orders as
well, so that I could find both long and short trading
opportunities. I was able to find 8 trades that were
spread out throughout the entire month, which will be
plenty of trades for me since I tend to have a
concentrated portfolio with only a few trades at a time,
with five being "Buy" (long) positions and three being
"Sell" (short) positions. After checking the box next to
each of the trades and clicking the "Add Selected"
button, I clicked on the "Step 2: Portfolio" tab to
create a portfolio of the trades that I had selected. In
the "Step 2: Portfolio" tab I am now able to print either
detailed information on each trade or simply a short
summary of all of the individual trades that met my
criteria. That's it! In a little less than 5 minutes I now
have detailed information on 8 trades, which I will
trade in the month of May, that have a historically high
probability of success.
There are also two more important tabs that I should
quickly mention. If you click on the "Settings" tab you
can select the universe of stocks that you want the
software to mine through,
which can simply be all active
stocks in each index or one of
the individual indexes (as I
mentioned earlier, the index
options include the S&P 500,
the Dow 30, Nasdaq 100, and
hundreds of other stocks &
ETF’s.
The last tab is the "Education"
tab and when you click on this
tab your browser will open
and you will have access to
education material from the
TradeMiner website. Since
education is one of the most
important aspects of
successful investing, this is
definitely a very valuable
feature of the software and it
is included in each of the
TradeMiner packages.
TradeMiner for stocks,
specifically, has multiple
training videos to help you get
started, multiple educational
videos, audio interviews with
some of the greatest traders of all time, educational
PDF lessons, webinars, and a TradeMiner manual that
makes it easy to quickly learn the software inside and
out.
In summary, TradeMiner is a great tool for any trader
who is looking to gain an investing edge by mining
through large amounts of historical stock information,
analyzing trends and cycles, in order to find potential
trading opportunities. Even though the TradeMiner
software is based on complex mathematical formulas
that allow the software to quickly mine, sort, and
organize large amounts of historical data, the simple
interface makes using the software so easy that
anyone can quickly learn how to navigate the software
and can be finding historically winning trades in almost
no time at all.
By giving each user the ability identify the market
trends and cycles that tend to repeat themselves over
time, the TradeMiner software is definitely a must-have
for any trader, from beginning traders to seasoned
professionals, who is looking for a statistical edge in
the markets.
by: Kent Koefoed, Mr. Koefoed is a market technician
and research analyst for Gecko Software, Inc.
Click Here to learn more about TradeMiner
By PitNews Magazine
*Trading financial instruments, including Stocks, Futures, Forex or Options on margin, carries a high level of risk and is not suitable for all investors. The high
degree of leverage can work against you as well as for you. Before deciding to invest in any of these financial instruments you should carefully consider your
investment objectives, level of experience, and risk appetite. Only risk capital should be used for trading and only those with sufficient risk capital should consider
trading. The possibility exists that you could sustain losses exceeding your initial investment. You should be aware of all the risks associated with trading and seek
advice from an independent financial adviser if you have any doubts. Past performance, whether actual or hypothetical, is not necessarily indicative of future
results. All depictions of trades whether by video or image are for illustrative purposes only and not a recommendation to buy or sell any particular financial
instrument. See full risk disclosure
Figure A-1: A close-up screenshot of the allowable criteria that can be specified in TradeMiner.