Used by Marge Sherald in the Technical Analysis of Stocks and Commodities article "Neural Network Pair Trading" (February 2010)       In the article "Neural Network Pair Trading" in the February 2010 edition of Technical Analysis of Stocks and Commodities, Marge Sherald discusses how to use neural networks in the NeuroShell Trader Professional to find the right pairs in Pair Trading. Click here to read the full article

October 2007 Arizona Seminar Reviewed by Attendees       The October 2007 NeuroShell Trader Advanced Seminar held in Tucson, Arizona received rave reviews from attendees.  "The seminar was an excellent opportunity to have an extended face-to-face conversation with the developers of NeuroShell Trader. Steve Ward and Marge Sherald were very giving of their time, both during the scheduled seminar and afterwards around the pool. Invaluable insight into the how and why of NeuroShell Trader design was offered. The coverage of NST addons was excellent, particularly with regards to addons I didn't own or didn't previously understand their reason for being. Every attendee I spoke with had made a list of ideas to try from topics presented at the seminar." -Donn "The Conference clearly demonstrated that NeuroShell is a fabulous piece of trading software. Most seminars I attend I usually leave after a couple of hours as I get bored quite quickly. However, the content of the NeuroShell Tucson conference was so good that I felt it was a shame the Conference had to end after the 3 days. " -Charles MacDonald "I think this was the most valuable seminar I have ever attended. Your attention to our needs and interests, the high professional quality of the attendees, and the mix of experiences and approaches made every moment quite cogent. Im sure that if I return to this seminar a year from now, I will have a fresh set of questions and re-attending will be as profitable as the first time as I mature my understanding and use your products. " -Burt Pierce "Hello WSG, I thoroughly enjoyed the seminar, your instruction and your company. Thank you Steve and Marge. I realized I know a bit more than previously thought in some areas and also that I have much more to learn in many others. The seminar did give me a jolt of inspiration to dig back in again. In fact I now have some new ideas in how to address some of the questions I had previously asked you over the last year." -Forest

Reviewed by Dennis Peterson, Technical Analysis of Stocks and Commodities, November 2007       "If you are looking for a competitive edge, this technology is a must. Even if you are just trying to make a little money, the investment in the software is worth it."

March 2007 Florida Seminar Reviewed By Attendees       The March 2007 NeuroShell Trader Advanced Seminar held in Melbourne, Florida received rave reviews from attendees.  They enjoyed the scheduled seminars held from 8 am to 1 pm each day, and a surprisingly large number came to the optional afternoon sessions.  After that, most could be found either around the pool area or in the hotel lobby continuing the discussions. "Just a note to let you know how much I appreciated the NeuroShell Trader Advanced Seminar in Melbourne, Florida.  I am sure it took a tremendous effort from your side to prepare and organize this one of a kind presentation of some of the more advanced possibilities of NeuroShell.  It definitely shows your dedication to this wonderful trading system which in a logical manner allows the user to conquer any financial market." -Kees "Thank you for another excellent seminar - the best yet.  I won't be able to get to working with all the techniques you gave us for awhile, but with the excellent documentation you sent with us, I will be able to implement any that I wish whenever I have the opportunity.  Even though I began using NeuroShell first on a 286 12 MHz computer, I found this seminar to be extremely valuable, and I expect to easily recoup the cost in improved models.  While I sensed that even very experienced users found much to learn at the seminar, less experienced users were able to see not only where they were going, but how to get there.  This seminar was a very significant boost up the learning curve." -Kermit "I was very pleased with the seminar.  I especially enjoyed rubbing shoulders with people who have a lot of experience at systematic trading.  It was evident that all the attendees had a great deal of experience with the NeuroShell Trader as well as other trading systems.  I, on the other hand, did not and so, it was a little difficult to adjust at the beginning.  Even at that, I got a lot out of it. Thank you again for the great sessions.  I look forward to attending other seminars in the future." -Ray

MESA8 Add-on Reviewed by Dennis Peterson in July 2006 Issue of Technical Analysis of Stocks and Commodities Magazine       John Ehlers began applying the approach of maximum entropy spectral analysis (MESA) to trading in 1978, continuously improving it through the years. Now, MESA may be the best method of measuring market cycles. MESA8 is the flagship of the company, a set of new indicators available as a TradeStation or NeuroShell Trader plug-in. Click here to read the full review

Used by Marge Sherald in the Technical Analysis of Stocks and Commodities article "A Genetic Approach to Turbocharge Your Profits" (August 2005)       In the article "A Genetic Approach to Turbocharge Your Profits" in the August 2005 edition of Technical Analysis of Stocks and Commodities, Marge Sherald discusses how to use the genetic algorithm optimization in the NeuroShell Trader Professional to fine tune the indicators from John Ehlers’ book, "Cybernetic Analysis for Stocks and Futures." The article shows how to save time and increase profits with a few simple tests on Home Depot stock. The genetic algorithm tested a number of different solutions by varying the cycle length parameter and rule selection in order to maximize return on account times the equity curve correlation.

Reviewed by Dennis Peterson, Technical Analysis of Stocks and Commodities, December 2003.       "It is easy to understand why this software is the readers' first choice." Click here to read an excerpt.

Featured in Mutual Fund Market News, October 21, 2002       The NeuroShell Trader, Ward Systems Group CEO Steve Ward, and two of our prominent customers were featured in the October 21, 2002 issue of Mutual Fund Market News. The article, "AI:Combating Wall Streets Evil Twins of Greed and Fear", was written by Matthew De Paula of Bank Technology News. Shashi Mehrotra, CIO of the Legend Group in Palm Beach, was interviewed about how he was able to beat the stock indexes this year with the artificial intelligence in NeuroShell. "The two biggest problems, in my opinion, in investing are the twin emotions of greed and fear," states Mehrotra. "And those two emotions are not part of AI." NeuroShell user Marc Chaikin was also interviewed about his use of neural nets: "The technology's full potential is largely untapped," he said. Ward Systems Group CEO Steve Ward described the use of genetic algorithms in market prediction and timing in the article. Finally, Doug Case, president of Advanced Investment Technology (AIT) in Clearwater, Florida, explained how they began using the technology in 1996. (Note - Ward Systems built AIT's neural net system, a major factor in AIT being acquired by State Street Global Advisors of Boston.)

Used by Marge Sherald in the Technical Analysis of Stocks and Commodities article "Trading Fuzzy Patterns" (September 2002)        "Ms. Sherald’s article describes fuzzy logic and how it can be utilized for trading. She develops an example using the NeuroShell Trader Professional and the Fuzzy Pattern Recognizer add-on. She shows how the Fuzzy Pattern Recognizer can find patterns you describe, yielding a 25.2% return verses a 3.4% loss if you had just bought and held the stock. She then demonstrates how the genetic algorithm optimizer can be used with the Fuzzy Pattern Recognizer to discover new patterns that precede profitable opportunities, raising the return to 115.3%. Ms. Sherald concludes, “By using a computer to incorporate either basic or genetically boosted fuzzy indicators into your trading system, you can enhance your ability to recognize profitable patterns."

Reviewed by David Penn, Technical Analysis of Stocks and Commodities, in the July 2001 article "NeuroShell Trader with Fuzzy Pattern Recognizer"       "NeuroShell Trader's Fuzzy Pattern Recognizer (FPR), a module of NeuroShell Trader, looks to accomplish two tasks that have vexed traders working with computerized systems. The first is to develop a system that will scan price data series for particular patterns or setups that can be traded. The second, much more complicated task is to tune that system so it is able to catch near-misses and close-enough situations, and not leave too many good trades unexecuted." ... "Whether NeuroShell Trader's Fuzzy Pattern Recognizer is used as a trigger to enhance signals given by another trading system or as the main component in the development in a trading system, the add-on is a must-have item for those looking to get just a little more out of a NeuroShell Trading system that already has a lot to offer."

Reported on by Mark Ingebretsen in his excellent new book "The Guts & Glory of Day Trading" - TRUE STORIES OF DAY TRADERS WHO MADE (OR LOST) $1,000,000.       NeuroShell Trader user Scott McCormick is one of the ones who MADE $1 million. "If only I had a brain..., Scott McCormick: the AI Guy" is a complete chapter which describes how Scott's returns have been over seven figures with the help of our neural nets. In fact his returns have never fallen below 50%. In the interview, Scott relates his use of the NeuroShell Trader, and even gives readers his overall Trading Rules and other techniques. The Guts and Glory of Day Trading is published by Prima Publishing, Roseville, California, ISBN 0-7615-2803-2. The book lists for only $24.95 (we got it for $19.96 from Borders.com) and it is well worth the money.

Mentioned by Desmond MacRae, Global Investor Magazine, July/August 2000       "Through Ward Systems, non-linear math techniques are available even to users who have only a layman's understanding of how non-linear algorithms actually work. ... On the surface it sounds simple, but what this program can do is discover multidimensional patterns in price time series that are too complex to be seen in a standard chart."

Used by Murray Ruggiero in his March 2000 article in Futures Magazine "Journey's End"       In this article, Murray takes an existing system and enhances it with the NeuroShell Trader Professional using the Optimizer and our Adaptive Net Indicators. His out-of-sample results (i.e., using the data that the model was NOT built with) went from 71% winning trades to 79.4% winning trades, while the annual return went from 124.2% to 151.2%. At the same time the drawdown went down over 2%.

Reviewed by Stuart Evens and John Sweeney, Technical Analysis of Stocks and Commodities, January 2000       "NeuroShell Trader Professional has eliminated or hidden most of the messy work of using neural nets for traders: data transformation and preparation, application of indicators, graphics, and all of the internal computations and construction of neural nets. ... The final word? NeuroShell Trader Professional is the best thing on the market for someone who needs an objective mechanism to construct relationships among trading's many variables."

Used by Murray Ruggiero in his January 2000 article in Futures Magazine "2001: A trading journey"       In this article, Murray shows how a traditional optimization which would have taken 10 days took only 6 minutes with the NeuroShell Trader Professional and produced almost triple the rate of return.  Click here for an excerpt.

Reviewed by Murray Ruggiero, Futures Magazine, February 1999       "For example, NeuroShell Trader integrates neural nets, charting, indicators, trading rule development and backtesting of training strategies into one relatively easy-to-use interface."  Click here to read an excerpt. Click here for an excerpt of the continuation of the above article in the March 1999 Futures.

Reviewed by Desmond MacRae, Managed Account Reports (MAR) Magazine, January, 1999       "In many ways, Ward may be almost solely responsible for the ever-widening use of neural nets because he has made them so accessible. Traders who now ignore them do so at their own peril.”  Click here to read an excerpt.

Reviewed by Roger Rines, Omega Research Magazine, Fall 1998       "Ward Systems Group, Inc. broke an industry habit when it delivered a refreshing approach to neural networks - the company made its program easy to use."  Click here to read the full review.

Reviewed by John Sweeney, Technical Analysis of Stocks and Commodities, November 1998       "NeuroShell Trader is top-flight for ease of use, ease of learning and its provision of the trader's tools and techniques. The tutorials and Help are first rate!"  Click here to read the full review.