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Neural Net - pro or against



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Dear fellow list members, 

I have been looking at Neural Nets for a while as I am trading a strong
cyclical market where the index we traded is very dependant upon a few of
its index components (they drive the market)

I have been looking at neural networks for quite some time and bought in
the end Neuroshell Trader from Ward Systems (http://www.wardsystems.com). 
When I received the software I found it to be userfriendly and with few
bugs. It was installed easily and running my first prediction was a breeze
since it read metastock files. 

However, even though the predicted output was very good, when I added new
data that the network hadn't "seen" before, the predictions were much less
accurate. There are a few ways to combat this, but it made me think if
neural networks would work in any market as the conditions change all the
time. 

Does anyone has any opinion on this? Software suggestions (anyone tried
biocomp??) etc welcome.


Best greetings,

Frode L. Aschim

Email: frode@xxxxxxxxxx
Homepage: http://www.aschim.com

Thought of the day:
			    	"Internet FFA brokers can do it on the spot, in the future,
                         	physically, or virtually, depending on your
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				Barry Parker