NeuroShell Trader Review (Forex System)

NeuroShell Trader is a Forex development software, that makes “algorithmic and artificial intelligence trading” easy. The purpose of the software, is to allow traders to build their own trading systems without coding experience in a relatively short period of time, where developing a system regularly takes days or weeks. Today we will be providing an in-depth review, and letting you know if this software can be used by the average trader to truly developed an effective automated trading system.

The service is created by Ward Systems Group, INC. this company is also behind other advanced trading software like the ChaosHunter, NeuroShell Predictor, NeuroShell Classifier, GeneHunter, AI Trilogy and more. They are located at Executive Park West, 5 Hillcrest Dr., Frederick, MD 21703. To get in touch with support, traders can email support@wardsystems.com or phone (301) 662-7950. They also have a sales only Skype account, wardsystems.

NeuroShell Trader Review

One of the main aspects of the NeuroShell Trader is that they claim it is “designed for everyone from novice to professional traders.” They feel that their strategy wizards, how-to video library, intuitive tutor and extensive documentation make it very simple for traders to build their own trading programs. Yet, they do have advanced hybrid models, market neutral hedging, walk forward optimization and many other features that will be suitable for advanced traders as well.

The only real question that we have at this time, is about what is being output. The program allows traders to create and save custom indicators, but we aren’t sure of the platform these are created for. Are they built for MT4, MT5, cTrader or Ninja Trader? This doesn’t seem to be mentioned on the website, and it’s extremely important, as you want to create a trading system for a platform you aren’t even going to use.

Traders interested in this system, would likely also be interested in ForexSB and Algominr as well.

Compatible Brokers

Based on the compatible brokers section, it doesn’t seem like you can create MQL4 or MQL5 files that can be plugged in directly to Metatrader. If you are using Interactive Brokers, FXCM, TradeStation or ZagTrader, there are “connections built into NeuroShell for automatic (integrated) trading.” So, you don’t just create the strategy, and move back to your platform. You will have to utilize the NeuroShell Trader in order to access your strategy whenever you want to use it.

This is not a major issue, as it’s just another piece of software running in the background that doesn’t seem to take up much in terms of resources.

Features

It’s clear that the NeuroShell Trader is a very powerful trading tool because of the sheer amount of features that it provides to clients. Traders can easily point and click using the chart based interface to build complex strategies with no coding knowledge.

It comes with over 800 indicators built in, third-party add-ons, and custom indicator API’s. There are simply too many features breakdown each one, so he will provide a list of some of the features that we appreciate most. Here they are:

• Cross Market Data Analysis
• End of Day Charts
• Intra Day Charts
• Visual and Sound Alerts
• Integrated Trading
• Multiple Time Frame Analysis
• Walk Forward Optimization
• Advanced Money Management
• Batch Processing

The program provides everything you need in order to create and develop a trading strategy using many indicators.

Pricing

Access to the NeuroShell Trader isn’t cheap. There are 6 different plans available ranging from $495, to $3495 for a lifetime license. The basic plans go for $495 or $995. They offer a smaller indicator library and have very limited access to the features available. The professional plans are likely the most popular as they go for $1495 or $2495, and provide close to full access to all of the available features. The last plan, is the powerful user plan which goes for $2295 or $3495. With this plan traders get access to every feature including multiple timeframe analysis, advanced money management, walk forward optimization, batch processing and position scaling.

Conclusion

The NeuroShell Trader is a very powerful and impressive system, but that doesn’t mean that we recommended for everyone. While the program is advertised as a system that can work for novice traders, we don’t think that’s their true market. A tool like this one will have a steep learning curve, and take a lot of effort. So, we recommend this to more advanced traders that are willing to put in the necessary time in order to learn and use it properly. This is a very expensive program, so if you decide to purchase it, you should take it very seriously.

If you have anything you would like to add to the review, please leave your questions and remarks below the article now.