ButtonTrader provides a versatile and innovative stock software visual interface which displays market action in real time. It is an innovative trade-management platform oriented to active-traders. It helps the trader to their customize his own strategies, See if it needs any changes, upgrade it according to the latest trend and then simulate it before trying on with real money. All the strategies can be checked on tickchart. One can trade strategies, Group-Strategies, or Multi-Account-Allocation-Strategies by one single mouse click on the price-ladder, and have freedom to change the orders. ButtonTrader integrates 100% with the IB-TWS software, and effortlessly synchronizes Orders, Positions and Budgets in single and multi-accounts. Button trader manages trading in Futures, Bonds and Stocks, Cash markets, Mutual Funds, Industrial groups and Futures options and many more.
Button trader offers a multi account trading simulator which is missing in other software of similar league. It works comfortably on windows 2000 and Windows XP. It utilizes intraday data provided by an outside data source. ButtonTrader’s unique and flexible strategies make the most of a trader’s edge.
One of the important tools in Button trader is called ButtonTrader Strategy Editor which offers flexibility and power to maximize profits and minimize losses. It helps in preserving capital with advanced risk management. The risk system allows a trader to set both single trade and daily trade loss limits. It helps the trader save a lot of money, which otherwise he would have lost due to poor strategy implementation. The platform enforces those limits while you are trading in real time. It helps to hone the skills by trading with account simulator as if you win in simulator then you can apply the strategy in real time and make profits. For traders which use multiple trading to try out different things, it provides a unique user interface to trade multiple securities in multiple accounts. It also provides easy control of positions, P&L, budgets and risk. This includes sophisticated allocation profiles for trading several accounts. It has an inbuilt feature of charts where you can analyze data through charts which include line chart and bar charts. There is also an alert system which is common to all the software available now days.
Button trader runs perfect, is speedy, and is very visually intuitive. The ‘5P’ strategy that it utilizes is most innovative and sets it apart. It make the most of a trader’s edge. If one is short-term daytrader in Futures or Stocks or a mid-term swingtrader in Stocks or Options then it is highly recommended or if one is a forex trader and like having multiple accounts then button trader is very helpful. It is slight expensive than others costing one or two dollars more. It is getting expensive day by day as it is getting popular. It is a great stock investing software and executes trades quickly and reliably with tradesentinel. To understand its true potential it is recommended to read the manual that comes along with it. So far people using it have recommended it to others also.
Tags: Budgets, ButtonTrader, buttontrader review, flexibility, freedom, Industrial, simulator, software, strategy, Windows
Where your review of Equis Metastock?
Hey Scott,
I haven’t had a chance to review it yet, but expect it to come around early august.
Button Trader helped me hit the ground running with its live feed that keeps me in the loop whenever the markets are open. I liked that I was able to simulate trades until I was comfortable with the entire platform to trade in real time myself.
The risk management factor is beneficial to have with the software, as I am a very cautious trader and always worried about losses.
I think this program is meant more for forex traders though, but I can still use it for regular day trading without any problems.