ZeroLine Trader (ZLT) is the front-end for Interactive Brokers’ Trader Workstation and somewhat useful stock software program. It is very easy to use and it one of the most effective and reliable front end from IB. It can automatically send stop loss and/or profit target orders once your order is executed. Using ZeroLine trader you can simultaneously trade and watch multiple markets in one screen and in one instance of application. ZeroLine Trader can accept order instructions from Trader Station and route the orders to the Interactive Broker (IB)’s accounts. The Automated Trading works with IB’s Financial Advisor account also. It is easy, intuitive and extremely customizable in nature. It is the most cost effective Front-End you can get for IB
Some of the essential features of ZeroLine trader are that it provides trailing stop, ratio stop, auto chase, maximum adverse excursion, maximum favorite excursion, MAE, MFE, time in trade and so on. It helps the trader to define and execute your trading rules. ZeroLineTrader is very advanced and easy to use system. It provides additional trade/risk management capabilities and also preserves and enhances the benefits of the table based user interface. Zeroline trader can receive data feed from Trade Station and esignal, two of the most popular. The essential point here is that all the features are without superficial sophistication. The package includes a DOM trader, a strategy manager, P&L report, charting, and lots more. One can use this to trade stocks, futures, forex, etc. Even if one hasn’t subscribed the software, it will still function as a demo platform using IB’s data. All the files included are quite realistic, and the trader must wait until the price trades through the order. A trader can use ZeroLine Trader to get familiar with the features of ZeroLine Trader, or to test trading systems/ideas with real time data without risking any cash. ZeroLine SimTrader, a free software is fully functional and one of the most realistic trading simulation software.
The feature that makes it different are providing various trading styles for traders to interact with the markets DOM, action Panel, DOM with action panel, main action grid, and shortcuts. The stock trading software can be customized according to the needs of the user. One can customize the colors, fonts and table styles of the Main Action Grid and the DOM window. It also allows making your own spread and action buttons. One can also incorporate new and different sound according to hi own personal choice. Besides offering the standard trading features which other systems also use it has whole bunch of new features such as auto stop/target orders, trailing stop, ratio/size stop, break even/break even+ stop, auto chase, automated trading, the support of Individual and also Financial Advisor accounts.
There have been new releases of the system at regular intervals including all the latest features which are sophisticated yet simple and flexible to use. It only costs $60 per year of subscription. With the new versions coming up its going to be the best system on the block in its category particularly for the price that its competitors are unlikely to beat any time soon.
Tags: interactive broker, Interactive Brokers, profit target, real time data, software program, stock software, trader workstation, zeroline trader, zeroline trader review
I looked at ZeroLine because I had used Trade Station in the past and I now use esignal with AbleTrend. it’s compatible in a way, but it really doesn’t give you an edge, so I don’t get the point there. I do like several of the features Zero Line has on its own though. The auto features are probably my favorite because they keep me from messing up as much as I usually do.
I have to agree that this is probably the most realistic simulation available, because the other two that I have tried always leave stuff out where this one doesn’t.