Mnikolic Investment Research
intelligent trading algorithms™
Mnikolic Investment Research
intelligent trading algorithms™

The 2017 Edition of Pandora 3x for TradeStation and MultiCharts is a major expansion to the oscillator-building toolkit, introducing 4 new add-ons for both platforms. These are Strategy components, comprised of Long Entry (LE), Long Exit (LX), Short Entry (SE), and Short Exit (SX) add-ons whose function is to auto-trade, auto-optimize, and back/forward test any Pandora 3x strategy configuration.

Parameter Optimization and Testing

The LE, LX, SE, SX add-ons allow you to specify a range of values for any Pandora 3x input parameter and optimize them, that is, let the platform test and figure out which inputs worked best in the past, in back and forward testing scenarios. We recommend you use deep history data for testing and apply walk-forwards to prevent curve-fitting (selecting values that "fit" best returns over a short period of history).

The Apple (NASDAQ:AAPL) 30-minute Pandora 3x configuration below shows the potential of optimizing and subsequently testing a strategy on over 26 months worth of data. Strategy involves buying long when Base Oscillator (Stochastic-based) crosses either UpLimit or MidLine from below, and short selling when it crosses either UpLimit or MidLine values from above. We're using 100 shares per position with the maximum of 3 positions per direction. Broker commission of $1 per trade (1c per unit of stock) and 25 cent slippage was used to simulate realistic trading conditions.

AAPL 30-min Equity Curve

AAPL 30-min Strategy Statistics


You can use the 4 new Strategy add-ons to automatically execute trades based on your Pandora 3x rules. Each of the oscillator-oscillator and oscillator-horizontal line interactions has been given the option of issuing either a long, long exit, short, or short exit signal rule. For example, you may wish to open a long position when Derivative 1 of Base Oscillator crosses above the MidLine horizontal level and close the same long position when it crosses over the UpLimit horizontal level. In essence you'd be buying when bullish trend picks up and liquidating your position once the trend enters the overbought territory.

The screenshot below is the same Apple (NASDAQ:AAPL) 30-min strategy showcased earlier on but here you can see Pandora 3x auto-trading the optimized rules in action. Remember, we're using 100 shares per position with the maximum of 3 positions per direction. The AAPL 30-min strategy is available in form of a free workspace to all existing and new customers of Pandora 3x.

AAPL 30-min Pandora 3x Auto-Trading in Action

The Versatility of Pandora 3x

Below are additional screenshots highlighting strategy-building capabilities of Pandora 3x. This is just a fraction of hundreds of possible trend-following and scalping strategy applications.

Bank of America (NYSE: BAC) 60-min Chart

SPDR S&P 500 Trust ETF (NYSE:SPY) Daily Chart

SPDR S&P 500 Trust ETF (NYSE:SPY) 5-min Chart

Facebook (NASDAQ:FB) Daily Chart

Ford (NYSE: F) Daily Chart (Regular Divergence Strategy)

Ford (NYSE: F) 5-min Chart (Hidden Divergence Strategy)

Apple (NASDAQ: AAPL) 60-min Chart

Pandora 3x's manual has been revised and now includes full coverage of the new strategy add-on parameters and features (see section 4.4).

Upgrading: New Customers

All existing Pandora 3x customers automatically qualify for a free upgrade to the 2017 Edition - find it in your software download portal

Download Pandora 3x 2017 Edition

Purchasing: New Customers

Pandora 3x 2017 Edition is available for sale at the official Marko Nikolic Investment Research store. The current, promotional price is $500.

Purchase Pandora 3x

Marko Nikolic
President and Chief Strategy Developer
May 8, 2017, Toronto, Canada

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