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Sorry to hear that you had such a problem with the Neural net software.
There are some very good packages out there but many are not geared toward
financial analysis -- in spite of their claims. It is absolutely essential
that the right type of net be set up to handle series data as well as any
preprocessed data. There are many different structures and algorithms. I
don't claim to be an expert but did spent a considerable amount of time and
money in evaluating some of them. I haven't worked with any of them in more
than three years and I am sure significant improvements have been made since
them.
I hope the one you bought from Florida was not from Racecom. I bought
that one and I am very sure that it had more bugs than all of Africa. Good
luck.
K
-----Original Message-----
From: bagreg <bagreg@xxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Thursday, July 17, 1997 8:24 PM
Subject: Neural Networks & Intermarket Analysis
>Hi all you pros & novices,
>
>I am a novice from New Zealand ( not too far from the south pole )and I
>trade the US market based on end-of-day data.
>
>I recently spent thousands on purchasing neural network & intermarket
>analysis software from a company in Florida but I just can't seem to get
>any joy from the supposedly "predictive capabilities" of these junk
>software. They appear to be no more than glorified lagging indicators.
>
>Are there any out there who have had experience with such products? Any
>advice on how to benefit from them will be very much appreciated.
>
>Adrian
>
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