Tour of APS Automatic Pattern Search - Create a Search Workspace

The second step involves the creation of a search workspace with the parameters required. To start with, the T/S file and the file FTSE.txt with the daily price history are selected. Then, in the Trade Parameters section, "%" is selected as the "Exit" (target and stop), "Open" as the "Input" of new positions and the "Delay" is marked "Off" in this example. In the "Search parameters" section, the minimum "% profitability" for long and short patterns is set to 73.00, the minimum "Trades" to 26 and the "max consecutive losers" to 4 (default). In this example, all patterns found must show at least once in the most recent 500 bars of the historical data file, specified wit the "Search Range" parameter. A regular search (not Extended) is selected.