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TradeStation Securities Software
TradeStation software is… well… to be honest it’s ok. I don’t really have a whole lot of good things to say about it, but I don’t have a whole ton bad to say about it. People are constantly annoyed at TradeStation’s erratic and irregular price increases, that’s what I hear about more than anything. Personally I think there is better stock market software available on the market in the Worden Telechart 2007 or AbleTrend from AbleSys.
TradeStation is is actually designed to help you find and execute your trading strategies more effectively, how well it does that is the real question. It always scares me when I go to a website and the disclaimer is bigger the then content.
The best thing about TradeStation software is it’s compatibility with ascTrend 3.5 from AbleSys, in fact you need TradeStation to run ascTrend. Personally if I was going to go that route though I would just get the standalone AbleTrend 7.0 software. There are way too many stock trading platforms to settle for something mediocre and overpriced. As we all know I’m constantly raving about how much I love Worden TeleChart Gold but there are soooo many options out there.
The only way I would seriously consider TradeStation is if you want a brokerage account that can trade options, forex, stocks, and futures all in one package.
“Trade Cobalt” had this to say:
The back test and tick testing features do not look at intra bar data. Your back tested fills will not be accurate on a tick bases. Let the Broker…Broker and the software/system tools firm handle your system tools. I want the best of bread and TS lacks those complete tools. Better options out there for the complete package.
So basically he agrees with me…
And Mac Smith went on quite a rant:
For all those wanting to move to 64-bit computing, forget about it if you want to keep using Tradestation. It crashes several times a day on my XP64 platform. They have the nerve to call themselves THE platform for professional traders. They have no release date on a version that will be compatible. Figures. Do you want to know where their development dollars go? Enhancing the system to support their brokerage (surprise!). Anybody who has used Tradestation for a while knows they don’t give a d*mn about the average Joe user and their suggestions. You should feel PRIVELEGED to pay $200/mo. to lease it.
My opinion is to go with Neoticker or AmiBroker or others that are committed to putting users first, not tying you down to monthly payments for usage, and keeping up with current technology.
I don’t feel quite that strongly, but with reviews like that you can see why people should at least be weary of this stock trading software. If you want to give TradeStation Securities Software a shot anyway then be my guest, but I certainly wouldn’t recommend it.
There are defiantly better options available out ther
[...] Corporation has created a great piece of market software, although if you don’t already use TradeStation Securities Software I would suggest checking out my AbleTrend 8.0 review, also by AbleSys Corporation. If you are [...]
I recently read a pretty good software review for TradeStation on another site and went looking for more. Seems like that was one of the only, or one of only a couple, good reviews on the software. Most of what I am reading sounds very similar to your own software review for TradeStation.
I think I can do without the privilege of TS, but is there another program that is really good at back testing? You mention AbleTrend and Worden in this review, do they have the ability to back test?
I need a program that can do that for me and I am having a hard time finding something good.
I actually like using Trade Station with my other software programs, even if it isn’t the most efficient platform out there. It does work though, as I know what my results look like when I don’t have it plugged in to my other software programs. If you are not used to what it does and can do, you might have issues with using it in the first place. If you can find a free trial somewhere though, I recommend you plug it in for a couple days and chart the difference so you can see how much it improves your trades.
I’m sorry but Trade Station was a complete waste of time for me. There’s better software to be had..
Wow, these are some pretty harsh critiques of TradeStation Securities but it seems like their reputation is probably deserved. It looks like they currently have a $500 commission rebate offer for new accounts that are opened before December 31 but as with everything else on the site there is a huge disclaimer that goes along with it. Even with that deal it sounds like this platform has a long way to go to catch up with its competitors and probably isn’t worth the money even with the new rebate. It seems that they did win a few awards from Barron’s but that’s not saying a whole lot.
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