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Trade Navigator Review
Trade navigator is one of the best software available today at a very reasonable price. It is the ultimate tool for international trade and transportation research. It is excellent software that can handle any volumes of data precisely and efficiently. The program is built on the principles of enthusiasm for success, experience and hunger for more advancement. It has been around for about 20 years and in these years it has acquired a mass following of well known traders who have found all the solutions they needed including answers to there charting needs. It has got an edge over other programs as it can perform back testing, charting, online execution and myriad trading techniques ta a very fast speed and with great deal of reliability.
Trade Navigator combines the ability to filter both fundamental and technical Data and that too all in one package. It gives the information that one requires at just a glance. There are many features that make it a top notch program. It has a set of very powerful analysis tools that includes back testing capabilities, strategy baskets, filters and custom libraries. There is a inbuilt software called trade simulator that allows user to practice their strategies before committing them to live trades.
The charting technique is one of the best. Trade Navigator offers the standard line, bar and candlestick charts. Bollinger charts are one which is not present in other charting products and they are very simple to use. It also includes supplementary products like standard complement of drawing tools, such as fib lines, trend lines and shapes. Indicators are must for any charting software and Trade navigator has a huge selection of re-built industry standard indicators. The chart window can be subdivided into multiple panes with one or more indicators. There are three types of quote boards available in trade navigator, these are box, grid and forex. Each style is unique and can perform different features. Alerts also form an integral part of the platform. They are crucial especially for stock traders monitoring hundreds of issues. The alerts are flexible and customizable. They can be set for any window and any symbol. They help the trader in setting targets and inform when the target has been reached. Many drawing objects can trigger trades using the “Alerts” function. There is a toolbox function on the screen that includes sub topics such as criteria and strategies. Trade navigator also does a very good job of filtering and scanning which is the reason it is popular.
It comes in many versions like the gold and silver version. The gold version is more popular and has the ability to create custom indicators, ability to create an unlimited amount of chart templates where as this is only ten in case of silver version. It also has the ability to create custom Quote Board fields like candlestick, indicators etc. With so much powerful trading tools at their disposal the traders have trusted their confidence in this platform and it is bound to be more powerful in the future.
There’s a large focus on backtesting with this product, and that’s a good sign. Most people don’t take the time to backtest their theories, and I believe this is a huge mistake. I do it quite a bit and it’s actually quite fun. The process is very much like that which scientists follow. First, you develop your theory, either market or stock based. This usually starts as just a hunch. Then you find a way to quantify your theory as a formula. In our case that formula would probably include PE ratios, moving averages, and such. Then you input your formula in the software, hit enter, and watch the magic happen. 95% of the time your theories will be proven worthless, but those other 5% could give you a massive edge over other traders. Just keep it to yourself if you want to keep using it to make money!
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