EdgeWare FastBreak Pro Version 6.2 - Manual (Page 7)

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trendline that a human brain can draw in a few seconds is a daunting task; however, there
is a tendency when manually drawing trendlines to “force” the line to other expectations.
A mathematical algorithm is not subject to such expectations, but at the same time cannot
“see” other potential complications and complexities.
The optimizer in FastBreak Pro will help determine if a trendline Buy Filter or Sell Stop
is effective. It will determine if a logarithmic or arithmetic trendline is most effective,
and determine the parameter that controls the way the trendline is calculated.
Adding trendlines to the Buy Filter and Stops required changes in the layout to a number
of display screens, but you should quickly become comfortable with the new layout.
Details of the Trendline algorithm is provided in the Appendix A of the Standard
FastBreak manual, and issues to consider when using Trendlines with the optimizer are
discussed in Appendix A of this manual.
NOTE: The algorithm to determine trendlines is very computer time intensive. You will
notice a long delay at the beginning of the optimization as trendlines are calculated for
all trading family members. If the trading family is large, i.e., hundreds of members,
then it may take an hour or more before the first strategies begin to be evaluated. The
program may look like it is frozen but it is busy calculating trendlines. See Appendix A
for details.
Delay Activation of Stops in Optimizer
FastBreak Pro V6 adds an option to the optimization process to suspend all Stops for a
user defined period of days after a fund is purchased. We added this feature for a couple
of reasons. One, we have users who use fund families that absolutely prevent exiting a
fund for a fixed number of days, e.g., 7 and 30 days are quite common, after a fund is
purchased. The second reason is that some companies will allow you make short term
trades, but limit you on the number of short term trades. Fidelity for example, will only
allow a limited number of short term (less than 30 days) trades during a 12 month period.
If a users wants to build a trading strategy to either prevent or limit the number of short
term trades this new feature will prevent any of the stops from being effective. The
option is at the top of the screen where Stop optimization ranges are set.
Changes in Version 5
The following list of changes covers upgrades from Version 4 to Version 5. Some users
may be upgrading from very old versions, and a section follows to cover upgrades from
Version 3. You may ask how Version 5 of FastBreak Pro is different from previous
versions and if you should reread the manual.
The answer is that the changes are
extensive and we suggest you read the entire manual to understand the enhancements.
The examples are for the most part unchanged, and you can skip these sections if you are
a veteran FastBreak Pro user.