Tuesday, 26 July 2011

Main idea of development

The main idea for development will be the use of a state of the art free data mining software.
OK let be more precise. I will use Rapidminer. http://rapid-i.com/

So far there has been one wonderful site with tutorials how to use RapidMiner for trading.
So by now everyone interested by RapidMiner and trading should go there and learn the tutorials.
Have fun with Tom.

After watching the tutorials and having some posts on Forex Factory it came to my mind why not use the software with the data analysis we have from Metatrader.

For example there and on Forex TSD there are a plethora of nice indicators that just wait to be used as inputs.

A simple solution came to me. It is to use an expert that will export the history of an available indicator and or the history of the high/open/low/close/tic volume.

The first tests were positive and I was able to import history into RapidMiner with some very simple clicks.

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