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At the helm of WaveBasis as the Founder & CEO, Simmons leads his team to fulfill the company’s mission of advancing the science of Elliott wave pattern detection and analysis with a unique array of specialized tools and algorithms. WaveBasis’ powerful and intuitive tool suite, backed by a sophisticated computational engine, empowers traders to seamlessly assess wave counts at multiple time frames and quickly validate trade theses based on consistently valid Elliott Wave patterns.
The company is also tackling one of the ever-present hurdles in the Elliott Wave space—backtesting, which demands computationally intensive scrutiny of massive amounts of historical market data. Borne from a singularly robust data set based on Elliott Wave reasoning, WaveBasis enables traders to effortlessly detect patterns and backtest Elliott Wave systematic trading methodologies. “We’re committed to objectifying, simplifying, and accelerating Elliott Wave analysis for traders, as well as providing the crucial raw inputs for algorithmic trading,” states Simmons.
Born from a singularly robust dataset based on Elliott Wave reasoning, WaveBasis enables traders to effortlessly detect patterns and backtest Elliott Wave systematic trading methodologies
From seasoned traders and technicians having experienced the hardships of manual Elliott Wave analysis, to novice traders looking to integrate Elliott Waves into their arsenals, WaveBasis caters its solutions to them all. The company’s platform also comes equipped with educational tools to help get newer traders up to speed on Elliott Wave concepts. Recently, one of WaveBasis’ clients, an individual trader and an intermediate-level Elliott Wave analyst, complimented the platform for being ‘beautifully designed and intuitive’. The trader found benefit in the highly interactive tools, commenting that his trading profits and his confidence in applying Elliott Wave principles had been boosted in a surprisingly short time. “A key thread that runs through our UI/UX design process is our aim to anticipate effective trading workflows and to automate common tasks in a way that is efficient and intuitive,” Simmons adds.
With similar case studies highlighting the company’s early impact, Simmons envisions a bright future which includes trading advisory services built upon its existing high technology foundations. That being said, WaveBasis is currently working toward publicly unveiling innovative strategy backtesting tools on the existing platform. “On the immediate horizon, we’re looking forward to continuing to enhance the platform with exciting new capabilities that allow individual traders and other market participants to harness the full potential of Elliott Wave analysis,” concludes Simmons.
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Company
WaveBasis
Headquarters
New York, NY
Management
Stephen Simmons, Founder & CEO
Description
Based in New York, WaveBasis was founded in 2015 to develop a software platform for technical analysis and automatic detection of Elliott Wave patterns. The company provides innovative tools that are specifically designed for wave analysts and traders, with advanced features like pattern reorganization that automatically determine the high probability of Elliott Wave counts. WaveBasis’s unique insight tools contribute to identifying low-risk potential trading opportunities and unlocking keys to price pattern-based risk management systems in real-time. The company allows its clients to harness the power of Elliott Waves in trading more easily and efficiently