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NeoVest FirstAlert Review
Neovest FirstAlert is the very professional and complete trading solution for proprietary and professional day traders. The platform’s great and unique in style and performance. One can never afford to miss a trading session again if he uses this software. It is extremely robust and very easy to use. For true real time filtering there is no match to it and there is currently not a single better product out there. It has been streamlined and advertised well adding to its popularity. Neovest is currently one of the only direct market access provide that also offers a extensive set of filtering, screening, and charting tools. It allows traders to capture investment opportunities through real-time identification of market dislocations across the entire market.
Filtering and its alert capabilities are among the best features that t offers. It offers a comprehensive number of customizable filters. The filters are more than four hundred in number and are pre configured. They support both short- and long-term trading strategies.
The filters can accurately analyze prices and volumes, detect intraday movers, compare moving averages, and recognize breakout patterns and trends. All these functions are done smoothly and efficiently without putting too much pressure on the trader. There is a fix criteria set by Neovest which enables a user to have an enhanced and improved perspective of the entire market. Besides offering extensive preset filtering options, It also helps the trader to create his own complex strategies using a mix of customizable filters besides offering. It has also mastered the art of reverse filtering. Reverse filtering technology is designed to identify filter criteria that correspond to a specific symbol. This helps the trader to better understand the dynamics of the security and ultimately make a better choice and make profit. When it comes to charting it gives a stiff competition to others. The trader can view and analyze symbol data in tick, intraday, daily, weekly, or monthly charts within no time. The charts are updated on tick-by-tick basis, which gives the trader to monitor the markets closely and judge them accurately. It is also very fast when it comes to informing the trader of certain pre determined levels which are about to be breached by the stocks. Some of the other features include a variety of adjustable parameters, customizable technical indicators, and detailed symbol overlays, multiple display panes, and unique data manipulation tools to enable traders to make informed trading decisions. It uses an automatic algorithm which helps scanning the data, correct bad ticks if any and solves other minor problems.
The platform is near about perfect with some bugs here and there. Some times the charts are not displayed properly and there is no proper support. It requires a lot of ram but is worth the price they have quoted. It has the ability to filter thousands of stocks in few seconds which would take other software lot of time. On the whole despite some of the drawbacks it is doing well and continues to do so in the near future.
There are so many filters to choose from that it can be overwhelming, but I must say that I have gotten a lot of use out of the one that alerts you to daily breakouts. These are so easy to profit from that I’m surprised more people don’t take advantage of it. There are usually one or two solid breakouts a day in the market, and what I typically do is buy a small position as soon as it breaks resistance, then I sell half of it almost immediately, then I buy it right back when and if it bounces off support. Then it’s off to the races, and I start averaging out on the way up. Usually by around 3 PM I’ll be completely out, and my account will be just a little bit fatter.
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