Unusual... because it is about 2 "geeks", named Michael and Carl. Who developed the first commercially available stock picking "robot". Michael (the programmer) named the robot "Marl".
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| Above: Carl and Michael Programming "Marl" |
Marl came about after Michael developed the famous "Global Alpha" computer stock trading model, while contracted to Goldman Sachs.
A piece of software which most years is responsible for...
$4,000,000,000+ Annual Trading Profit
With this software project completed, Michael looked for a new way to line his pockets. Unfortunately he had signed a Non Compete and NDA agreement with Goldman Sachs, forbidding him to create software which trades derivatives and similar financial instruments (like Global Alpha).
After 3 weeks of being temporarily unemployed, Michael who was very wealthy and very bored... Decided to start a new project.
You' see Goldman Sachs and most other large investment funds are at a major disadvantage. They often manage portfolios of up to $10,000,000,000 (ten billion dollars) - and because of this when they invest in stocks their scope is limited to just a few of the worlds largest firms (Coca-Cola, Google).
This problem is widespread amongst fund managers whom manage large amounts of capital. In fact Warren Buffet (Whom manages $53 billion) has the exact same problem.
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Michael knew he could take advantage of this. By developing software which can run on any home computer, and manage funds between $100 and $500,000.
With managing such a small comparative amount, Michael's software could yield much higher returns. In fact it is designed to trade in the volatile penny stock market where stocks can increase 400% in a matter of minutes.
Michael worked with fund manager Carl Williamson to create the bot. "Marl" works by analysing each stock using "technical analysis". Which means analysing a stocks past price movements to predict the stocks future direction.
Below is an example stock chart. For all it looks like something NASA would be proud of... it is merely showing the stocks changes in price against time.
The various changes in price (when made into a chart) form what traders call "chart patterns" and it is exactly these price patterns Marl is looking for.
When first activated, Marl will use its own database to perform a scan of stocks trading on the OTC and Pink sheet exchanges. During this time Marl is looking for companies whom are forming bullish trading patterns.(stocks about to increase)
Carl helped Michael program the bot to identify (in split second timing) distinct trading patterns from a vast range of 6578, held in Marl's internal database.
If Marl identifies a clean, uncongested chart pattern, that is proven to yield a good risk/reward - Then the stock will be added to Marl's "Watch List". All of these "watched stocks" will be forming bullish patterns (indicating the stock is about to rise).
This watch list has two distinct advantages. The first and most obvious is that Marl can easily monitor hundreds of stocks at the same time. The second is that Marl is programmed on an "evolutionary framework". What this means, is that as Marl is watching hundreds of stock patterns it actually learns the most likely direction of stock prices under thousands of situations.
http://doublingstocks.com
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