Stock Trading Software Reviews

The worst and best in stock trading software

Aug
08

Technical Screens Review

Posted by DeMerchant

Technical Screens programs look at price or volume patterns of stocks. These are normally the patterns most traders and analysts look for to decide whether stock will already be bought because the pattern suggest that it will start gaining soon or the stock needs to be sold already because the pattern shows that for the succeeding periods, the stock price is about to fall already. Patterns are based from historical data of each stock. Normally, Technical Screens assess the trend 5 years back to see if a pattern could be established that can be used to make a decision to trade. Such criteria include: Moving Averages, Oscillators, Volume Indicators, Trendlines, Support/Resistance, Fibonacci Retracements, Candlesticks, Point and Figure patterns and DeMark’s Trendlines.

Components of Technical Screens include: New 52-Week Highs, New 5-Year Highs, New 52-Week Lows, New 5-Year Lows, Intraday High-Volume Gainers, One-Week High-Volume Gainers, One-Month High-Volume Gainers, Intraday High-Volume Losers, One-Week High-Volume Losers, One-Month High-Volume Losers, Gapping Up Today, Gapping Down Today, Crossed Above 50-Day MA Today, Crossed Above 200-Day MA Today, Closed Above 50-Day MA Today, Closed Above 200-Day MA Today, Crossed Below 50-Day MA Today, Crossed Below 200-Day MA Today, Closed Below 50-Day MA Today, Closed Below 200-Day MA Today, This Year’s Winners, This Year’s Losers. This is where data is pulled in order to provide the result of the criteria for the analysis of the transaction.

It can be noted that this type of analysis are mostly based on actual figure performance of the stock on a given day. Beyond the figures and patterns, no other factors are considered to be able to get the desired output. It offers no explanation as to why the stock suddenly went down, why it gained or why it just became static. From the Technical Screens reviews, these data are still helpful for the outcome of any trading decisions, however, since it does not factor in other conditions and rely mostly on trends and figures that may be already outdated, most traders do not rely much on this system. Traders do use this approach but normally only as a form of monitoring and they still use other systems to help them get a better decision for their trades.

This is actually an old approach. Although not highly recommended since it does not give a comprehensive look at the overall performance of the stocks, there are still some people who use this. It can also still come up with different interpretations based on the historical figures and patterns that may be useful for the proper execution of the trade. While it may be true that only a certain amount of information can be supplied by this system, stocks are still very volatile, very unpredictable. No matter how thorough a system is in evaluating a certain situation when trading, the fact remains that actual result can still be the opposite of what was analyzed. In any case, tools like this approach are just guides to make better judgments but they do not necessarily affect the actual outcome of any stock trading activity.

Aug
04

Technical Analyst Review

Posted by DeMerchant

Stock trading is not just simply buying and selling. It is not when you just feel like doing the transaction but you just do it. It is not like impulse buying or selling. Stock trading is an investment that when taken for granted, the result is losing everything. There is a high risk involved that is why it entails a lot of analysis before ending up in a decision. You will not buy or sell because your impulse told you so, but rather it is what your study tells you to do. This is where Technical Analyst comes in. Although there are times that instinct does work, it is more of a hypothetical case. The possibility that it may ruin your investment is more at stake. Thus, you may rather play it safe than be sorry at all.

Technical Analyst software provides forecast of financial market through automated charts, analysis and reports to help investors in their decision-making. But just like technical screens, Technical Analyst also focuses on the technical area of the investment such as how high or how low the stocks went through the day, monitoring of the patterns of opening and closing price of the stock in a day for a 5-year period and the historical trend of stock, its volume of trading for a particular day that is also being monitored for the last five years. It is more of the mathematical side of the analysis and it focuses on the performance of the particular stock itself.

Some common applications include the charting feature that allows for a graphical representation of the analysis on the technical aspect of stock trading such as the change of a stock price in a day. Optimization features, on the other hand, with the historical price as its basis will try to generate the maximum return of an investment transaction. There is also the back testing feature that focuses on developing a trading strategy that would yield a positive return. There is also the alerts feature that is proven to be one of the traders’ favorites as it is used to monitor a specific stock and would be able to provide notification depending on the criteria set for the alert. Alerts save time and effort. With alerts, traders can check other strategies to be able to maximize the stock trading activity.

Although the software mostly requires the complete features of the application to be activated and does not allow combinations, it will not be possible if you would want only the charting and alerts feature. The complete features are needed to be installed. The good thing about this application is that it can be accessible even through mobile phones or personal digital assistants. As a result, Technical Analyst reviews are also favorable among traders as it can come handy when needed. They can be mobile if they need to; they can go anywhere they like and still they are able to monitor the performance of a stock that they have been studying for a week.

Jun
22

Optimal Trader Review

Posted by DeMerchant

2007 gave birth to the international version of Optimal Trader, a stock market trading software that was conceived to compete with today’s overanalyzed stock market.   Optimal Trader works with six models – one top model and five active models.  The improved software is now available in Stochastic Oscillator, StochasticInverse, RSI, Regression Analysis, MACD and Parabolic SAR.  Its portfolio optimization is a risk management tool that aids you to get the best portfolio of an individual asset and its expected returns.  This is a powerful easy to use tool in managing your investment risks.  Optimal Trader’s Top Model is composed of an artificial neural network that has the capacity to spot patterns in stock price development.  Optimal Trader’s combined analysis model put together the buy and sell signal of an active model in a single trading signal that results to a more stable buy and sell signal as opposed to single buy and sell signals.  It uses a customized moving average called OptAMA.  This removes delays and at the same time smoothes the noise effectively.  This results in clearer signals especially when the trend in the market is uncertain.  The OptAMA feature of the software helped in stabilizing these signals that results to clearer signal when trend is uncertain thereby assisting the trader in deciding whether to buy or to sell as the largest price differences happen at this crucial stage of market trading.

Optimal Trader’s Portfolio Scan is a feature that assists you in finding stocks that matches your investment need.   Although this feature is a basic service available online for free, Optimal Trader’s portfolio scan has its own advantages.  It can put together several criteria by just adding weights to each one based on its importance. A multiple price growth trend criteria can be included with different time ranges in the same portfolio scan, and other customized portfolio scan capability necessary in stock trading.

Optimal Trader’s report provides information on the latest trading signal, expected returns, win probability and current settings. If you choose to analyze the average return of your investment using the buy-and-hold strategy, you will have to do it by adjusting your settings under “Options/Best Models and Settings/Reports.”  However, you have to note that the estimated average of return values are only valid with current optimization period and current setting, after the optimized models, with the current trading horizon, and with current stock price behavior.

Traders analyze shares by analyzing such important information as financial state of the company and its market.  This is normally done via the traditional analysis, a tool that is reliable enough to explain stock market movement.  In the world of technical analysis, a common school of thought exists where they use the price volume history as the basis for their technical analysis, however, this takes time and before the market could even react upon this information, another price pattern occur, which makes their prediction a bit unreliable.  Since technical analysis is a way to making good profit when you are investing, it is best to learn more about it and to experiment on it before you trade seriously in the market.  A good look at an Optimal Trader review might also be of value to you.

May
30

OptionsOracle Review

Posted by DeMerchant

The OptionsOracle is another new innovation in the world of stock trading as of the present.  It is a free stock trading tool specifically designed in order to process stock and options trading strategy analysis.  It has a built-in tutorial that will guide newbie stock and option traders on how to create a position, testing the said positions in graphs, charts and tables, subsequently applying the result using real time stocks and options, even stock market related data and information.  This software even allows the testing of personalized or self-made strategies, making it one of the most versatile if not the most versatile stock trading software available in the stock market.  The good thing is that it can be availed of by everyone for free.

This OptionsOracle is easy to operate and navigate.  The user just needs to enter the stock symbol and  this powerful and innovative software application tool will be able to instantly download in real time any and all related pieces of data and information regarding the stock including the prices, the trends, the all time high and even the all time low.  The position of the user or stock trader can thus be built with ease either by using a pre-made template contained within the said software or by using a manually made template.  All of the gains and losses of the stocks being monitored by this software including the time and stock price will be provided to the user or stock trader upon the finishing of the analysis, which can either be set on automatic or configured manually by the same user.

With the help of OptionsOracle, the checking of tried and tested strategies concerning multiple stocks in the stock market with all of the possible option combinations will just be done in a matter of minutes, unlike when done manually, which may take about 2 to 6 hours when done by at least 3 persons.  This is all thanks to the options strategy screener that is built in the said software, allowing stock traders to be fully armed in their quest of earning loads and tons of cash or money in the humungous world of stock trading and the stock market.  It can also retrieve historical information regarding a stock or option and subsequently compare it with any other stock or option in order to determine the probability of gain or loss and the risk that accompanies it.

An OptionsOracle Review is needed in order to let the customers know the value of this powerful software product.  It is very easy to handle and use, making it one of best if not the best stock trading application available for stock traders, both newbie and seasoned.  It processes information at a lightning speed, especially when compared to the manual process.  It handles data and information with such accuracy that it has a high level reliability.  Lastly, since it is for free, every stock trader will be able to fully maximize its use and enjoyment in their pursuit of earning money in these dire times of recessions left and right.

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.

Apr
06

Laser System Review

Posted by DeMerchant

The Laser stock market software was created by Genesis Securities, LLC. It is a very reliable and fast platform. The Laser was carefully designed and programmed using the optimized multi-threaded C++ programming language. It executes on the newest XEON servers via direct LAN (Local Area Network), and is directly connected to ECN’s, NYSE and NASDAQ where in its connection time is as low as 1 millisecond.

The Laser stock market software is suitable for either first-timers in trading or those who are already experts trading. It strives to provide the best possible solutions in trading and provides a huge chance of success.

Features of the Laser stock market software: Read the rest of this entry »