Copyright © 2011 Gecko Software, Inc., All Rights Reserved.
Stocks
Futures
Forex
Product: TradeMiner Review
Gecko Software, Inc.
271 N. Spring Creek Pkwy. Ste. A
Providence, UT. 84332 USA
Phone:
800-862-7193
Email:
gecko@geckosoftware.com
Website:
www.TradeMiner.com
Product:
TradeMiner, Software for finding seasonal
cycles, trends, and patterns in Stocks, Futures & Forex.
Requirements: WinXP/Vista/7/Mac OSX/Lynix
200 MB free hard disk space, 1024x768 screen
resolution (minimum) Larger recommended.
RAM 2GB (more is better). Requires Internet
connectivity for installation, but not to run the
application itself, CPU: 2.4 GHz or higher.
Price: $197.00 each version, Stocks, Futures & Forex,
no monthly fee, one time a year data cube update $69.00
each version.
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by Thomas J. Hansen, PitNews Magazine
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TradeMiner is available for Stocks, Futures & Forex,
although this review primarily covers TradeMiner
Stocks, while reviewing each version, I found that other
than the actual data within each version, there were only
small differences between the three different user
interfaces that pertain to each individual market, such as
pips in Forex, and points in Futures; these subtle
differences should make for a very short learning curve
between the three packages, and allow users to quickly
get up and running between markets.
The general concept of the software is that markets have
a tendency to repeat themselves over and over again,
creating recurring price patterns, trends and market
cycles. Therefore, by performing a historical back test
of the market reveals markets that have proven to be
highly repetitive in nature, and by utilizing this
repetitive nature to our advantage is meant to give
traders who use this information an additional advantage
over the market.
The design of the software is very intuitive, easy to
grasp, and simple to use. Well laid out and easy to
install. You can accomplish a number of tasks with just
a few mouse clicks, and all the tools are close at hand
and well in view.
A row of tabs across the top enhanced by a row of
buttons down the right hand column provide all the user
inputs required to make TradeMiner perform its task.
SETUP
After purchasing the software, you are immediately
presented with a clear and concise graphical webpage,
where directly below the 3d cover image you find the
installation button. Clicking the button begins the
installation process, which is done over the Internet.
The software has been written in Java, a very popular
graphical software design platform that allows Java
based programs to install and run on all three operating
systems, Windows, Mac, and Linux. I'm using the
Microsoft Windows 7 operating system for my testing.
Although Gecko Software has chosen not to allow
clients a free trial of TradeMiner, they do offer a longer
than usual 60-day money back guarantee. I find that
laying down $197.00 for 60-days should not be any
trouble for individuals that are in this line of business, if
it is, then they should probably not be trading stocks,
futures or Forex anyway.
Keeping with their graphical user interface, TradeMiner
is very visually appealing, maintaining their emphasis
on visual investing. The motivation for creating this
software follows a somewhat unique path. The
company's president contracted with a popular market
analyst to create this package as an exclusive tool for
their own private use. When one of the members died in
a swimming accident, the CEO of the company decided
to start selling the software in an attempt to help fund
further development of the software. Although
TradeMiner is fully functional, and performs its intended
duties in a masterful manner, Gecko Software mentioned
that they are always open to additional suggestions.
MAIN SCREEN
There are really only two screens
within TradeMiner. The first
screen, or tab, is the "Mining" or
research tab. This is where you
enter your search parameters.
Gecko Software has created a
simple paragraph method of
entering the variables needed to
perform the search. The entire
software program is designed
around the theme of mining, therefore the paragraph that
requests the variables is playful, yet professional in its
approach, it reads as follows: "Prospect for trades in the
month of: (A drop down window is presented for you to
select the month that you are interested in researching.)
Find trades that win at least (provides a text box to fill in
a percentage of performance.) % of the time, showing
(drop down box with buy, sell, and both within. This
allows the user to select if they want TradeMiner to
show them short recommendations, long
recommendations, or both.) List trades that last at least,
(There is a check box and a text box that allows you to
specify the minimum number of trading days, or de-
select the box if you don't want to specify a minimum at
all.) trading day(s), but no more than (another check box
and text box allows you to specify the maximum length
of time you want the trend to last, or de-select the box
for no amount of time specified.) trading days. Mine at
least (text box, allowing you to specify the minimum
number of years that the trade must have been
profitable.) years of history." At the end of the
paragraph is a 'Dig Now!' button that puts TradeMiner to
the task of searching through a rather large historical
databank. The stocks version,
according to the President &
CEO, Lan Turner, includes the
DOW Industrials, the S&P 500,
and the Nasdaq 100; which are
the cream of the crop high
volume stocks.
RESULTS:
In my first attempt at using
TradeMiner, I filled in the
following parameters: I searched for stocks that were
95% winners, (I started with a high standard, if I do say
so myself…I'll be surprised if I get any results at all at
this rate.) in the month of March, for both buys and
sells (longs & shorts), that lasted a minimum of five
trading days, but no longer than 30 trading days, and
must show as profitable during at least the previous 15
years; then I clicked the "Dig Now!" button.
The company claims to have developed a masterful way
of searching through a 3D data cube, which is their
proprietary method of storing and searching the market
data using brute force mathematics and artificial
intelligence. Admittedly, the search was extremely fast,
as I've reviewed other software with market search
capabilities that can literally take hours; TradeMiner
does have a "Cancel Dig" function as well, in case you
change your mind half way through the search.
With a stop watch, I timed my first TradeMiner search,
which took exactly 77 seconds to return my results, and
literally two to five seconds for my subsequent
searches. Apparently, it's the artificial intelligent
component of the software that makes each subsequent
search move more quickly with each additional search.
The first thing
you notice when
TradeMiner
returns the
results, is the
quantity of
opportunities
listed next to the
search bar. In
my case,
TradeMiner
returned a
results listing of
11 opportunities.
Directly under
the listing, you
see a table of
results, with the
first column
being lit up with
green, yellow
and red lights.
Mr. Turner,
explained that
they score each
return with a ranking between 0 and 5, with five being
the highest score you can receive, and a green light for
every return with a three or higher score. He went on to
explain that the ranking system was based on which
returns gave the highest profits over the shortest amount
of time, with the least amount of risk.
The first return in my list of stock opportunities was the
symbol ADBE, or Adobe Systems, and was
automatically selected as our first stock in the list.
Having it selected also provides you with four
thumbnail charts on the right column, and one large
chart on the bottom column. Clicking the small
thumbnail chart pictures rotates the larger chart at the
bottom of the chart, representing different views of the
displayed data; a total equity curve, a yearly histogram
representative, a risk vs. reward pie chart, and a listing
of each historical trades detail.
According to the
stats kicked out
by TradeMiner,
ADBE Systems
Inc., has risen in
price between
March 11th and
April 8th, (29
Calendar days)
100% of the
time, over the
past 16 years, for
an average
return of 17% or
$1,665.99. This
trade scored a
perfect five on
their ranking
scale. Double
checking the
2011 chart, I
confirmed that
once again, this
year, 2011,
ADBE system,
held true to this
100% rise in price during this particular time frame.
This is TradeMiner's claim to fame, being able to
identify historical winning trading opportunities, and
making future trade recommendations, hopefully
putting the odds more highly in your favor.
By clicking on any of the title headers, I'm also able to
sort in ascending or descending order, I can click and
drag any column to a new location, and can scroll
vertically and horizontally across the data set to reveal
more column statistics than can be listed here in this
review, but suffice it to say, they've included every
statistic I could think of and a dozen beyond, both in
dollars as well as percentages. The results are all based
on a $10,000.00 account size, so all stats are weighed
equally one against the other.
In the very first column labeled
"Add," we are given check
boxes that can be clicked and
are used to select which
opportunities are moved over to
the portfolio view, listed as
"Step 2: Portfolio."
In the portfolio tab, this is
where we see the selected
results from the Step1: Mining Tab. I can continue to
do further scrutiny by clicking headers to sort and refine
my search. As a last step, I clicked the "Enter (Open)"
date column header, and sort my results in ascending
date order. Clicking this header puts the trading
opportunities in order with the next upcoming
opportunity at the top of the list and so on.
Clicking the "Print" button, gives me a quick print
preview of my selected portfolio, and allows me to print
both a detailed printout of each individual opportunity,
or a summary of all the opportunities in my portfolio.
EDUCATION
"In my opinion, education is the key to your trading
success." Quoted by Lan Turner, and with TradeMiner,
Mr. Turner holds true to this statement, including a third
tab, dedicated to and labeled "Education." When
clicking this tab, you are taken to a complete website
dedicated to educating you on not only how to trade
using TradeMiner, but a number of additional videos
that teach advanced Fibonacci, Elliott Wave, Stop Loss
Strategies, Why Trade Futures, Why Trade Forex, and
much, much more. Gecko Software, in my opinion,
truly follows the old rule of give the customer way
more than expected.
SUMMARY
In summary, I would like to say, that I am very
impressed, TradeMiner is a wealth of knowledge in a
compact, easy to use application that stands the test of
time, and is unlike anything we've ever seen!" With the
ability to run on PC's, Mac, and Linux, in my opinion,
Gecko Software has just hit another home run with
TradeMiner.
Gecko Software, Inc. is located in Providence UT.
Thomas J. Hansen is a Staff Writer for PitNews
Magazine.
(Reproduced with permission.)