Price Action Lab

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

Address:	1133 Broadway, STE 706
	New York, NY 10010
Phone # for sales:	2126561467
Fax:	2126561467
Website:	www.priceactionlab.com
Click link to request additional product information.
E-mail address:	traders@priceactionlab.com

CATEGORY: TRADING SYSTEMS

Trading System Features TOP

Name of trading system: Price Action Lab

Price of product: $3,000

Brief description of trading system:

Price Action Lab (PAL) is a software program that analyzes market price action based on user-defined performance statistics and risk/reward parameters and achieves that by searching equity, futures or forex historical daily or intraday data in a fully automated way. The program offers three main functions: search for price patterns, scan for price patterns and P-Indicator calculations.

This trading system is: Disclosed

This system includes the following features:

Scanning
Alerts
Sorting
Ranking
Trading signals

Back testing allowed: Yes

Built-in indicators are available:

Portfolio reports
System tracking

A user can adjust the parameters for the indicators listed above: Yes

Can user write custom system/indicator/function without using the pre-packaged systems/indicators/functions?: No

The trading system is: A stand alone application.

Additional application required (if needed, eg. Excel, TradeStation, MetaStock): N/A

Support TOP

Types of customer support offered:

24 hour customer service
Online help
Tutorials and examples

Consultants are available with experience programming this system: Yes

Data and Markets Followed TOP

Types of data feeds this trading system accepts:

Pinnacle Data
TC 2000
Tradestation
ASCII

This system is limited to these markets:

Stocks
Commodities
Cash markets
Indices
Forex

Reporting capabilities:

Profit/loss
Return percentage
Number of trades
Optimized parameter suggestions
Consecutive winning/losing trades
Trade by trade listing
Position sizing/money management

Optimization TOP

Able to optimize the systems used or created: Yes

Special Features TOP

Best features of this trading system package:

Price Action Lab can generate EasyLanguage, Metastock, Wealth-Lab 4, TeleChart, NinjaTrader, MetaTrader and Amibroker code. Users may then combine the code with other indicators and advanced strategies in those platforms. Price Action Lab is not a typical trading program one can find in abundance, like a charting, a Technical Analysis or a backtesting program. Price Action Lab allows one to become a trading system developer in a few minutes without requiring programming and system testing experience. This capability is simply not available in those other popular programs.

This product is ahead of competing products for these reasons:

The speed by which Price Action Lab discovers high probability opportunities in the markets provides an edge to those who use it over those who attempt to find the same opportunities manually or by trial-and-error.

These upgrades are planned for this software package:

N/A

Studies have been done on the performance of this trading system in the newsletter Futures Truth: No