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TradingPatterns.com has released version 4.8 of APS, Automatic Pattern Search Options Trading Software, which can discover trading system models based on price patterns automatically. The user is not required to program anything other than to specify the desired historical performance of the trading models to be discovered.
The System Tracking module monitors the trading signal generation of the models the user selects. A daily function scans a universe of securities for price patterns formed as of the close of the market that meet a set of historical performance criteria specified by the user.
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