Price Action Lab (PAL)

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Note: The following information has not been updated by the vendor since 01/15/13.

Address:	1133 Broadway, Suite 706
	New York, NY 10010
Phone # for sales:	212 656 1467
Fax:	212 656 1467
Website:	www.tradingpatterns.com
Click link to request additional product information.
E-mail address:	traders@priceactionlab.com

CATEGORY: SOFTWARE

General Information TOP

Product name: Price Action Lab (PAL)

Initial Price: $3,000

Brief product description:

PAL discovers price patterns that fulfill user-defined performance statistics and risk/reward parameters by searching historical data in a fully automated way. Code is generated automatically for the price patterns so that they can be implemented in Tradestation, Metastock, Wealth-Lab, TeleChart, NinjaTrader, MetaTrader and Amibroker. A scan function is also available along with system building and signal tracking capabilities. You can use the advanced functions of this program without writing a single line of programming code. PAL takes you beyond traditional trial-and-error back-testing, subjective technical analysis and outdated system development methodologies that offer no real edge. If you are looking for ways to discover trading systems automatically or just scan a universe of securities for historically profitable price pattern formations, then get PAL now.

System Requirements TOP

Operating system(s):

Windows98
Windows95
WindowsNT
Windows 2000
Windows ME
Windows XP
Windows Vista
Windows 7

Minimum RAM required: 128 mb

Minimum hard drive space: 100 mb

Minimum modem speed: N/A

Mouse required?: Yes

CD-ROM used?: No

CD-ROM required?: No

Demo disk available?: Yes

Market Information TOP

Markets followed:

Stocks
Futures
Bonds
Cash markets
Mutual funds
Indices

Data TOP

Data type(s) utilized:

Intraday data
End-of-day data
Historical Data

Sources for data:

Provided by an outside data source

Downloader: N/A

Data manager:

Historical database available
Data exportable to other programs
Data printout
Refreshes and cleans data automatically

Data Formats TOP

Formats read directly:

MetaStock
Pinnacle Data
TC2000 (Worden Bros.)
TradeStation
ASCII

Additional formats read directly:

The program comes with a data conversion utility.

Formats read after conversion to program useable data:

MetaStock
Pinnacle Data
TC2000 (Worden Bros.)
TradeStation
ASCII

Additional formats read via conversion to program useable data:

Program comes with data conversion utility

Charts TOP

Chart type(s) utilized:

Bar Charts

Charting features: N/A

Built-in indicators:

Indicator explanations provided

Screening and Alerts TOP

Ranking based on:

Technical systems

Screening based on:

Technical systems

Alerts based on:

Technical systems

Alerts displayed on charts?: No

Alerts displayed in table?: Yes

Screening by individual system per market?: Yes

Save tables?: Yes

Automated printing of tables?: Yes

Trading Systems TOP

Trading system features:

Trading systems library provided
Stock system testing
Futures system testing
System development and testing
Optimization
System performance reports
System tracking
Testing of money management strategies

Options Analysis TOP

Options analysis features: N/A

Support TOP

Support features:

Automated installation
Online help
Manual

Manual page length (if applicable): N/A

Additional Information TOP

Additional comments (please indicate additional indicators, special features and services here):

Includes the p_indicator, a short-term indicator based on price patterns.

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