Stock Trading Software Reviews

The worst and best in stock trading software

Archive for the ‘The Good’ Category

Jan
11

Optionstar Review

Posted by admin

Optionstar is another newly developed software program mainly designated on helping both newbie or inexperienced stock traders and seasoned stock traders alike in their relentless pursuit of earning money thru the process of buying, selling and trading of stocks in the stock market in this day and age.  This software provides a step-by-step guide on how to start in the world of stock trading. It contains tips, strategies and techniques on how to build a position, how to use the historical data and information of the stocks in question to test the position and how to detect any possible fluctuation or sudden rise or fall in the prices of stocks in these crucial and trying times where economies are grueling all across the world as of the present.

This Optionstar is classified to be one of the most powerful if not the most powerful stocks and options analysis software that can be found in the internet and stock market as of today.  It offers both standard and professional level analysis, allowing both inexperienced and veteran stocks and options traders to use it to their advantage.  With the versatility and flexibility of this powerful application, any trade analysis with regard to stock trading and options trading will be processed in a matter of minutes, defeating the speed and time consumed of doing the same processes manually with the help of numerous persons.  If you want to have a reliable software tool that can process data and information in bulk and can still provide accurate outputs, then this is the right software for you.

With the aid of the Optionstar stock and options trading analysis software, you will surely be able to have all of the latest information regarding the prices of stocks that have the good to high possibility of garnering huge amounts of profit with minimal to moderate risk of loss.  All of the needed pieces of information, data and fields will be retrieved from the required stock databases all across the world in a matter of minutes, allowing the stock or option trader to be fully equipped in his or her battle for supremacy in the vast world of stock and options trading.  They will have a huge lead upon their fellow traders, allowing them to make decisions that have tried and tested bases by using profound algorithms and other useful techniques in order to provide the highest possible earnings in the shortest possible time.

Necessarily, an Optionstar Review will yield good quality and positive results.  Taking into considerations all of the other features of this developmental software application together with its accuracy, versatility, user friendliness, worth of money invested and overall performance, this is truly one of the best made trading application platforms available throughout the entire world.  If you are looking for the right partner in your pursuit of earning money thru stock or options trading, then this software is the right partner for you.  Finish your deals with high probability of gains and minimal risks of loss, all thanks to this high performing stock trading software available for everybody to avail of as of this moment.

Oct
21

Review of Born To Sell – Covered Call Software

Posted by DeMerchant

I recently accepted a free trial to a very interesting trading tool call “Born to Sell”.  This product, similar to a number of its competitors, is a covered call screener, which is geared to helping self-directed investors, both novice and experienced traders find options that will enhance the returns on stock portfolios.  The web site “Born to sell” which refers to selling call options is first in class, relative to its peers, and set up to make navigating through the web site simple and efficient.

To give you an example, the site greets visitors with a help box that walks visitors through the process of how to navigate the site.

Whether you are a novice and would like a covered call tutorial or an expert and want to move right to screening for attractive call, the help box will help you navigate directly to the correct location.

The “Born to Sell” Covered Call screener saves investors time by allowing them to quickly filter through 150,000 call options as criteria to determine the best candidates to sell against an underlying position.  The prices of these options update automatically during market hours.

Some creative features include:

  • Displays covered calls that other members are trading
  • Allows you to limit your results to Covered Calls with ex-dividend before expiration
  • Has the ability to remove results with earnings before expiration
  • Can limit results to ETFs

In addition, the search features has a plethora of features, which include:

  • Remove specific symbols from results and refresh
  • Remove all currently sold options from results

The income feature is geared to people who want to match their monthly income requirements to a specific capital requirement or open position.  The results within “Born to Sell’s” search feature will include all of the covered calls that meet those requirements.

The search page is clear and concise.  The information that guides you through the process of using the software is clearly stated above the criteria.  Advanced searches are also available with a simple click on the “Show Advanced Filters”.   The results are shown in the bars below.  Specific objectives such as Annual Return if Flat, Downside Protection and Next Earnings Date, relay three critical pieces of information which will guide your positional decisions  (Annualized returns reflects your return if you could hold the same positions through a twelve month period.  For 1-month, 30-days to expiration options, you would multiple your 1-month return by 12).

The Advances features show a broad range of filtering criteria.

The web site is clear and esthetically pleasing using a. Web 2.0 design principles; Ajax-style updates (you don’t have to push a ‘search’ button and wait for the page to refresh , just touch any filter and the results instantly update).

There is a summary view that shows you the time premium remaining in each option, which will be collected in aggregate in your portfolio.  Additionally, a Dashboard visually graphs the components of each option you sold.

The Maximum protection feature, which is gear toward conservative investors, targets an annual return, while maximizing your down side protection against a downward move in stocks.

This type of feature is also available for dividends and earnings.

The goal feature is extremely efficient as it allows you to place the capital you are placing at risk in a criteria box along with your desired monthly income.  The search returns the Call options that meet these underlying criteria.

The Top-10 list displays the top 10 covered calls held by members of “Born to Sell”.

In addition, a window that displays the top 20 holdings is also viewable.

Portfolio Management

On the Portfolio management front, there are a number of extremely helpful features.  These include:

  • Cover Me – which compares multiple calls for each uncovered position within your portfolio
  • Roll Me – which rolls current positions to a new strike or expiration
  • Diversify Me which  keeps you diversified across industry sectors
  • History – which groups transactions by option period or calendar month
  • Personal Calendar that shows all the earnings release dates and ex-div dates for your portfolio

Each section is described in a simple and efficient manner, and if the subject matter is difficult to understand, there is a full tutorial available.

The software will also allow you to create a watch list of stock options that you want to monitor, as well as, supply chains of numerous call options.

The tutorial section is first class.  It covers a broad range of topics including:

  • How to get started
  • Long and Short concepts
  • Covered Call examples
  • Time Premium
  • Ex-dividend date
  • Calculating returns
  • Rolling options

The site owners and managers explain their theory on Covered calls to the extent that they let you know that this strategy has risks, and is not a get rich quick concept.  After walking through the tutorials, you will understand the power of generating income from covered calls and how to manage the risks associated with this clever strategy.

The site is a subscription site, but there are a number of FREE items, which are well worth examining.

  • free tutorial on covered calls
  • free covered call newsletter
  • free example covered calls (Search demo with real data)
  • free 2-week trial

Additionally, there is an excellent blog, which posts numerous current issues that are important to option investors.

This software product is almost a most for investors who plan to take advantage of high income yields associated with a covered call strategy.

The alternative for investors who do not have this tool like this is:

  • avoid transacting in a covered call strategy (which is like leaving money on the table each month; everyone who owns stocks or ETFs should be doing taking advantage of this strategy
  • create a home-developed Excel spreadsheet that doesn’t have updated prices or integrated earnings release dates or ex-div dates which is inefficient and time consuming

Overall, this is one of the best design sites, and the money spent on the subscription costs, are made back in within your performance.

Jul
22

123LearnToTrade.com Review

Posted by DeMerchant

I just got done taking the Advanced Price Action Course at 123LearnToTrade.com and after trading for a few years already I must say this has been the most eye opening experience I have ever had in trading. Brendan asked that I write a review for his course on a few websites since I liked it so much and it is my absolute honor to write this review: The course starts out at a nice slow pace, with an introduction to Brendan, how he trades, and some basic background on trading. However come the next section–be ready to actually think. These lessons were so packed with materials that I took over 10 pages of notes from just an hour of videos. I thought that was the majority of the course–but I was really wrong. The course then goes on to explain–in depth– each of Brendan’s trade setups and strategies followed by several real world examples of how to trade them. The course then slows down a bit, but still is filled with useful information on trading psychology. This section talks about forming a more profitable mind and how to have psychology work on your side instead of against you. Lastly, there is a section with even more live examples and trading videos. All in all I would give this course two thumbs up as I truly feel it has been the most awakening experience I have ever had in my trading. The material is easy to follow yet still packed with information and is explained in a way that anyone can understand. The only negative thing I can say about this course is that it ended too soon and I wanted some more!  I think the most beneficial part to the course though is the free support below each lesson.  Here you can post any questions you may have and have them personally answered by a professional trader for free.  You can also post charts and interact with the other members of the website which is also extremely valuable.

As someone who has looked at just about every other trading system and course out there I think I can say that this one was truly one that will make a long lasting impression on me and my trading.  I think these methods and concepts will be reflected through each and every trade that I place from here forward, and I am hoping that they will dramatically improve my trading results in the near future.  The concepts are super easy to follow and common sense based however much to my surprise they are also extremely effective.

For more info check out: http://123learntotrade.com/

Sep
03

The News Trader Software Review

Posted by DeMerchant

When a company releases significant news regarding their product or services, the impact on the price of the stock can be immediate and dramatic, both up and down. Trading off of news stories is somewhat of an art and requires constant vigilance and quick timing.  The News Trader (TNT) software attempts to automate this process.

Breaking it down to the key things that you need to get right to be successful with this approach:

  1. Is the news significant enough to impact price?
  2. Which direction will price change?
  3. When will price change?
  4. When should you exit?

TNT has come up with a rather clever answer to all of the above factors. First, it uses a criteria of a 3% change in the price of the stock from the time the news story first appeared to determine if the story carries some significance. This eliminates the discretionary factor of trying to figure out if the news is significant or not and of course eliminates the need to read through every story.

Secondly, this same 3% price change is watched on both the up and down side. So a 3% change in price in either direction is interpreted as a potentially big moving stock either a long or short.

Thirdly, the software starts tracking the price as soon as the story breaks. It does this by scanning press releases by companies every 60 seconds. When it finds a publicly traded company it pulls the stock price at that moment. The stock pick is then “pending”. It rescans the prices on these pending stocks and looks for the 3% price change as discussed above. If the price does move by 3% this is a clear signal to buy or short the stock.

Lastly, the software recommends a 3% trailing stop to exit. Since this is a day trading approach, any open trades should be exited at the end of the day.

The software also allows you to filter stock to a certain price range. Say for example you wanted to focus only on stocks less than $2. This is easily done with the price range filter.

Many stocks will stall out soon after you enter. This is to be expected. What you are looking for though, is that one that really takes off that you can ride up or down for a double digit winner. When you average all the small winning and losing trades with a few of the big winners, you end up with a consistently winning approach on a day to day basis.

You will need to watch your capital and allocate your funds carefully since you may have several trades and potential trades going at the same time.

Again this is day trading and no approach can offer a “set and forget” system that will allow you to trade without actively watching the screen and managing the trades, so you will have be in front of your computer while using TNT. The good news is that you can trade for just a few hours per day and still do well. Full product information and results are at the website at www.daytrading.nu.

Aug
27

QuantShare Review

Posted by DeMerchant

QuantShare is not only a trading software, it is also a sharing server and a social network website. Its concept is a bit different from other trading software available in the industry.

First of all, as a trading software, QuantShare offers nice charting and drawing capabilities. It has its own vector-based language which contains more than 200+ build-in indicators (There is a custom function module that let you create your own vector-based function). It contains also several interesting build-in plug-ins. For example: the composite plug-in which is a tool to create simple or complex composite indexes. I should point out an interesting feature here; the indexes are automatically updated on new quotes and so your composites quotes data are always up-to-date.

The downloader plug-in, which is one of my favorite, is a powerful tool that is able to download any kind of data (CSV, excel, ZIP) from the Internet, automatically parse it and then insert it to the QuantShare databases. One particularity of this software is that it doesn’t contain only one database, in fact multiple databases (EOD or intraday) can be created. You can create one for the news coming from the RSS feed of yahoo, one to store historical fundamental data, one to store insider data, put-call data… These databases data can then be accessed by the vector-based language. This lets you create trading rules based on news, fundamental, technical data.

QuantShare is not limited to one market or one kind of assets; it can be used by any US or International traders and for any markets: Stocks, Forex, Futures, Options, ETFs.

Another very interesting module and most probably the most important one is the backtester. It is composed of the rules analyzer (It is so easy to create hundreds or even thousands of trading rules), the ranking system analyzer and the simulator which is a TRUE-Portfolio backtester plus an advanced money management tool. The money management is Script based and thus can be used only by advanced traders.

Artificial Intelligence is also present in this software; A neural network plug-in helps you build advanced prediction items while an optimizer (genetic algorithm and population based incremental learning) plug-in let you optimize neural networks, list of rules, ranking systems and trading systems.

The application is fully customizable and flexible thanks to the JScript.Net programming language available with the software.

This is for the trading software part of QuantShare. Now what make this application unique is the ability to share any trading object (Downloaders, custom indicators, trading systems, list of rules…) with others users. You can upload the items you create and downloads what others traders have shared. Once you login to the QuantShare website, you can track what other users are downloading, what are the most popular objects, you can search for objects using different criteria, you can follow others users, discuss with them, set up alerts, comment and rate objects…

This is great for beginners as they will improve their learning curve, get ready to use trading objects and this also can tremendously help seasoned traders by giving them new ideas, decreasing their research time…

The QuantShare trading software is currently in a beta release and thus available free of charge.

Aug
26

My Trading Robot Review

Posted by DeMerchant

This system is undeniably one of the best stock trading systems out there.  I’ve personally used it and monitor the 30+  stocks that I want to receive buy and sell signals on. It had gotten to the point where I could almost anticipate when the signals would happen… but discipline is the key with any systems…one must follow them to the T.  You can set up how many stocks that you want to monitor within the robot’s system.  The robot has done all of the long term and short term analysis for you.  If there happens to be nuances in the marketplace and the robot provides a signal to sell your long position…the robot will undeniably reenter the trade when it has reached a more stable stock disposition… thereby protecting you on the downside and allowing one to re-participate back on the upside.  There have been many times where the robot has given out sell signals on a particular stock and will reestablish a buy signal if the chart warrants within 30 minutes of the sell signal.  The robot is there for you as a guide to eliminate market irritations that stem from analyst recommendations, indeterminate buyers and sellers, and from your own human intervention.

I feel that it is a very easy system to adjust to and learn from.  It’s very difficult to follow all of the sectors in the marketplace and even more difficult to follow each individual stocks depth of the market.  The Trading Robot takes all of the guesswork out of it.

The Trading Robot provides you with enough time to enter the trade…even if there were other robot participants.  The robot provides you a recommended entry point.  If you happen to pay less than that…well good for you…but keep in mind that the robot is designed to work once that target price has been achieved.  Attempting to play false breakouts and breakdowns will inevitably get you into trouble…you might win some…but you will definitely lose on others… almost a zero sum game in my opinion.  If you are worried about always getting the perfect price…I would try and find a trading platform that is simple to use and allows stop limits.

APOL and ESI happen to be 2 stocks that I have participated in with the robot.  Sure…you can have your own idea about the value of these 2 securities…but the Robot is able to monitor the daily buyers and sellers based up the volume and price action.  The complexity of the Robot is not that difficult to understand…it provides you with the opportunity to take advantage of long/short trends that you might not otherwise be able to see by staring at monitor all day.  You might want to purchase APOL at 57… but the robot might not have a buy signal until 59… on a longer term trend… it is almost wiser to pay up for a stock once the robot has determined that the new buy trend has been established… something that you and I can’t monitor with the naked eye.

Regards,

Wendy Bryan
Long time user of My Trading Robot

Apr
13

TradeGuider Review

Posted by DeMerchant

The TradeGuider stock market software was based on the Volume Spread Analysis methodology. The methodology is used in the software to perform market analysis through observing interrelationship among price, price bar spread and volume. This method is very useful in determining supply and demand imbalances.

The software is run by an artificial intelligence engine, and the ability to study different liquid market. The essential forces are displayed graphically for each market. To determine when professional money is either entering, exiting or not in use the TraderGuider stock market software uses the Paritech DataDirector or Real-time using the E-single data. Continue reading “TradeGuider Review” »

Mar
22

TradeStream Pro Review

Posted by DeMerchant

Do you want to become the next stock trader millionaire? Do you want to amass great amount of money without exerting too much effort and without really doing desperate and difficult things? Do you want to belong to a class that can really make the difference in your position in the society? Stock trading is one of the careers that can really give you a promising life that you want to have. Although this is like a game of chance wherein you really do not know when is the right time and how to make a trade, but in the end, there are some techniques that you can actually use for you to be able to get what you want. These techniques involve the ability of yourself to think and analyze things in a logical and rational manner that can really help you make crucial decisions that can affect the way your stock trading career runs. In stock trading, software that can assist you are apparent nowadays especially if you really want to become successful in this field. Such software is TradeStream Pro, one of the most powerful software that can really stand the test of time and quality and later on, will really give you the advantage you want. Continue reading “TradeStream Pro Review” »

Nov
18

EminiForecaster Review

Posted by DeMerchant

So the other day I was surfing the net, looking at the latest and greatest in stock software when I came across a program that looks pretty cool called EminiForecaster. Right off the bat I liked the site because it gives you the oppertuinity to give them your name and email (a pain I know, but it’s an inevitable part of online life), and they send you a detailed report showing you how they performed last week. I always like to see or at least hear about how a type of stock trading program works before I even bother giving it a shot. Anyway the report sparked my interest enough to write an EminiForecaster review. Continue reading “EminiForecaster Review” »

Jan
27

AbleTrend 7.0 Review – AbleSys Corporation Software

Posted by DeMerchant

AbleTrend 7.0 is arguably the most advanced of the Stock Trading Software available on the market today. It certainly isn’t the least expensive, starting at $128 from the 30 day trial package, but for the benefits one can incur from using AbleSys’ AbleTrend 7.0 it can defiantly pay for itself in a matter of days. When making a selection of AbleTrend 7.0 it is defiantly advisable to try the 30 day trial packages until you find the software version that suits you best, then sign up for a yearly package.

One of the hardest decisions to make when buying AbleTrend 7.0 is the decision between AbleTrend EOD (End of Day) or AbleTrend Real-Time. As with most things there are benefits to both. The disadvantage of AbleTrend Real-Time is clearly the price. At $263/mth ($188 if you also use eSignal) it’s not cheap, but can be worth the price for the extra features if they are helpful. Conversely AbleTrend EOD can be perfect for the needs of most people, and at a VERY reasonable $128/mth it may be the better option for some. Continue reading “AbleTrend 7.0 Review – AbleSys Corporation Software” »