| TradeStation.com TradeStation 7.x excels for swing & position trading as it integrates Charting, Time & Sales, Market Depth, Hotlists, News, Research, Order Entry, Backtesting and Strategy Automation. Active traders find this platform too slow. But if strategy testing is your game, those simulations are so realistic, you'll see details like largest winning trade, largest drawdown incurred, and over 180 other simulated performance results you can evaluate and optimize. The cost @ $200/month drops to $100/month if you use their brokerage for trade execution. It's backed by a direct-access execution pipeline to major ECNs and exchanges that has received many awards, including a "5.0 perfect rating" in trade execution, the highest awarded by Barron's.
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eSignal.com As 800-lb industry gorilla, the eSignal data feed is excellent. As for the eSignal 7.5 GUI, there are more attractive packages but the custom indicators and signals are programmable in JavaScript. The eSignal Formula Script (EFS) lets you build your own studies or customize sample studies -- or add premium studies built by eSignal. The integrated scanning tool captures the day's hot sectors and stocks, and auto-links with eSignal charting. In addition to instant messaging and chat, right on the desktop, there is also global data plus extended intra-day North American data.
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| Wealth-Lab Developer Both non-programmers and experts can use WLD tools to design, test and trade all kind of strategies: trade baskets (portfolios) of hundreds of futures & stocks simultaneously, use all kind of money-management strategies, do pairs-trading, simulate arbitrage strategies, develop your own indicators, use neural net technology, run Monte Carlo simulations.. With the drag and drop system wizard, system creation is a snap. All orders rout automatically to Interactive Brokers or, by programming the open API, to other brokers. The cost is $650 and there are some 10,000 users who rate the system highly. Click here to see Wealth-Lab Developer.
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Stock Watch Pro SWP offers a less costly, somewhat more forward thinking approach. Users like the comprehensive formula language, slick charts, easily set up alerts, clever multi time-frame backtesting capability, formulas in quotesheets, real-time scanner, paint bars, quotesheet heatmaps, and the facility to plot daily and intra-day timeframes together. Its customizable, real-time scanning module, an its effective Level I display, can help active traders find trading opportunities. Stock Watch Pro
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| MedVed Quote Tracker
QuoteTracker is a user-friendly integrated Windows program that provides streaming real-time quotes and intra-day charts with technical indicators, Level II quotes, Time & Sales, alerts, news monitoring, and most everything else you may need. You can trade through your own broker using the direct access interface. QuoteTracker supports markets all over the world. Order Entry and transaction monitoring is fast. Click here to take a closer look at MedVed Quote Tracker.
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TC2000TC2000 by Worden Brothers, Inc. is a charting & scanning software package and CD-ROM databank for inactive traders. Around since pre-Windows (and quite reliable), it is continuously improving, TC2000 users rate it best of the very low cost programs (under $300). They like the fast scanning ability with both pre-set and user-definable fundamental and technical criteria, and the instruction videos, but do not like the charts. Click here to read about TC2000 |
