Refined Elliott Trader RET

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Refined Elliott Trader (RET) Technology Overview:

The Refined Elliott Trader (RET) utilises a highly sophisticated pattern recognition engine to identify potential trading opportunities based on patterns with a high historic probability of success - which can translate into more successful trading and greater profits for you.

RET is a highly sophisticated software package that helps you make better decisions when trading major financial markets by providing a percentage based probability of future market movement based on millions of pre-recorded real market patterns.

Since 1994 Elliottician has been refining the Elliott Wave method of pattern recognition and forecasting of financial markets. Elliottician is now regarded as the market leader in this field of Elliott Wave pattern research and technology development.

RET is unique computer software that enables you to apply all Elliottician’s most valuable research discoveries to your trading strategy – for greater quality in your trading decisions.

As a result of Elliottician’s ongoing research, each RET upgrade includes the very latest in refined Pattern Recognition and Elliott Wave technology – in the past 12 months Elliottician has released 72 software updates for its RET Professional users.

Although RET is a highly complex software package based on sophisticated pattern recognition and probability algorithms, it is designed to be as automated as possible. Only a basic level of knowledge and skill is needed to obtain valuable market forecasts with specific entry/exit signals.

RET forecasts financial markets by identifying the beginning of common Elliott Wave patterns, then calculates where they are most likely to complete according to both pattern rules and the frequency of their identified occurrence in historic financial data.

RET Classic Current Version Information

Current Version Number: 1.12.2

Release Date: 20 September 2009
To Upgrade RET Classic:

Fire up your copy of the Refined Elliott Trader software.
Then go to the Tools menu and select Check for Upgrade.
The upgrade will begin by downloading the latest version of RET Classic to your computer.
Once the download finishes, follow the on-screen prompts to complete the upgrade process.

Improvements in RET Classic Version 1.12.2 over the Previous Version:

Corrected a problem in AutoRET that was preventing results from displaying properly
Bug fixes and minor improvements
Removed RET Pro History for faster loading
Free to Air - simply contact Elliottician and request a free basic license, and it is yours!

Market Specific Powerpacks for the
Refined Elliott Trader (RET) Software

The Refined Elliott Trader software searches for patterns in charts based on statistical information contained within the Elliott Pattern PowerPack database - either the default PowerPack included in the software, or one of the optional Market-specific PowerPacks. Each of these PowerPack databases were created by analyzing a large number of Elliott patterns found in real markets.
Market-specific PowerPacks enable the Refined Elliott Trader to give a more accurate ranking of every Elliott pattern (or "count") - based on how common the given count is found to be within the particular market being analyzed.
The most common Elliott Wave patterns vary significantly for different countries, markets, time frames, and orientation. For example, when analyzing a currency, it is important to match the Elliott Patterns against those commonly found within currency (or Forex) markets. In a similar way, when analyzing stocks, it is very important to be matching the Elliott Patterns against those commonly found in stock markets. Patterns can also vary considerably between countries, reflecting a different psychology of traders in different geographical, political and religious regions.
It is most important to use the correct PowerPack when analyzing markets - so that the Refined Elliott Trader can correctly rank each identified Elliott Wave count according to that specific market.

Minimum Criteria Required of Each Documented Pattern:

Each documented pattern found in these markets needs to satisfy a number of strict criteria before being admitted into the pattern database.
Each pattern must:

Fully satisfy all the relevant rules of Elliott Wave theory
Each sub-wave within the Elliott Wave pattern needs to be a fully formed and a legitimate Elliott Wave pattern - giving two degrees of synchronization.

Timeframes and Intervals:

At least five different data intervals are used when identifying patterns to be included in the database: 1 minute, 3 minute, 15 minute, 1 hour, daily
This specific selection gives a minimum multiple of 3 times between any two timescales - which is a sufficient degree of separation to prevent duplicate patterns being found in different interval charts - and being admitted into the database as two separate unique patterns. If this were happening, it would create an incorrect bias.

Parameters Used in Comparing Patterns:

The following parameters are stored within each PowerPack database. They are used by the Refined Elliott Trader to determine the most common Elliott Wave pattern shapes, and rate them correctly:

Relative price movement from wave end points
Relative internal wave price movement
Relative time of each wave
Relative slope of each wave
Relative largest internal wave by price
Internal wave structure
Relative peak volume
Relative channel slope of triangles and diagonals

Each of these comparisons are included for the following pattern categories:

Each Elliott Wave Pattern type
Each market type, such as stocks or Forex, etc
Each degree - being different time spans
Normal and inverted patterns
Comparative Rating of Elliott Counts
When the Refined Elliott Trader analyzes a chart, it compares each legitimate Elliott Wave pattern found, and then searches the selected database for statistical information on similar patterns to those it found in the chart.

A comparison of all the above criteria enables RET to rank each Elliott Count according to how common similar patterns occur in similar market conditions.
The more common an Elliott Wave Count is found to be, the higher the rating value it is given, and consequently the higher ranking it receives. The top rated pattern is ranked number 1 and labeled as the Preferred Count.
Correctly identifying the most commonly occurring Elliott Wave patterns - for that market, time frame, orientation, and pattern characteristics - helps maximize the probability of accurately forecasting future market movement.

Currently Available RET PowerPacks:

Most PowerPacks contain two separate databases. Although each database is created from a minimum of 300,000 Elliott Wave patterns, most 2008 PowerPack databases are created from more than one million Elliott Wave patterns.

PowerPack Name:	Databases Included:	Description:
General (Default)	Stocks	General selection of USA Stocks
General (Default)	Forex/Non-Stocks	General selection of USA non-stock markets
Forex	Majors	The six major currency pairs: EUR, GBP, CHF, JPY, CAD, AUD
Forex	Minors	All liquid traded currencies that show clear Elliott Wave behavior
S&P500	S&P500	All liquid S&P500 stocks that show clear Elliott Wave behavior
S&P500	S&P100	All liquid S&P100 stocks that show clear Elliott Wave behavior
USA Stocks	Dow30	All 30 stocks of the DOW30
USA Stocks	NASDAQ	All stocks in the Nasdaq 100 that show clear Elliott Wave behavior
USA Non-Stocks	Grains/Food	All liquid USA grains, food and fiber markets that show clear Elliott Wave behavior
USA Non-Stocks	Metals/Energy	All liquid USA metals and energy markets that show clear Elliott Wave behavior
USA Indices	Majors	The 10 most liquid USA stock indices, including the Dow, Nasdaq, major S&P and Russell indices
USA Indices	Majors & Minors	The 35 most liquid USA stock indices
Australian Stocks	All Ords	All liquid stocks of the All Ordinaries that show clear Elliott Wave behavior
Indian Stocks	Nifty 100	All liquid stocks of the Nifty 100 that show clear Elliott Wave behavior
Saudi	Stocks	The top 100 most liquid stocks on the Saudi exchange that show clear Elliott Wave behavior
Saudi	Indices	The top ten most liquid stock indices on the Saudi exchange
Forex Euro	EUR	Created exclusively from patterns found within Euro charts only
Forex Euro	EUR/CHF	Created exclusively from patterns found within EUR/CHF charts only
Forex Europe	GBP	Created exclusively from patterns found within GBP charts only
Forex Europe	CHF	Created exclusively from patterns found within CHF charts only
Forex JPY Crosses	GBP/JPY	Created exclusively from patterns found within GBP/JPY charts only
Forex JPY Crosses	EUR/JPY	Created exclusively from patterns found within EUR/JPY charts only
Forex Asia	JPY	Created exclusively from patterns found within JPY charts only
Forex Asia	AUD	Created exclusively from patterns found within AUD charts only
Euro Stocks	FTSE100	All liquid stocks of the FTSE 100 that show clear Elliott Wave behavior
Euro Stocks	EUR500	All liquid stocks of the EUR 500 that show clear Elliott Wave behavior

Note: The "General" PowerPack is included as default with the Refined Elliott Trader software. All other PowerPacks are optional extras. You may obtain any of these PowerPacks through the Elliottician Store.