Special Discount on Tradecision
Some readers of this blog may have noticed the new adverts on various portions of this site for Tradecision. I haven’t written about it yet because it’s taken some time for me to actually test the software myself and I didn’t want to write a whole post until having worked with the software for a little bit. Now, having tested the software out, I’m willing to give it the “official” plug on this blog.
What is it?
Tradecision is trading software which allows you to perform a whole host of scanning and testing using over a hundred technical indicators. More than this, the software is a seriously powerful trading platform which allows you to add these indicators to your own strategy, simulate and back-test, and then automate trading execution (if you have a compatible broker). In addition to simply executing based on your strategy, the system includes an interesting AI Neural Network feature which attempts to predict future values of various variables.
As I’m not a huge day trader but am interested in technical analysis and strategy backtesting, I can’t speak much for the execution and neural network features, but I do have to say that the back testing is quite strong. The one thing I would hope for is a feature that allows for testing the strategy on a variable list of symbols bought or sold based on the strategy. Unfortunately, you do have to specify a specific group of symbols to test over a historical time period which limits the breadth of your analyssi to some degree.
Is it only for power users?
Given the price of the software, it would seem that the software requires you to be a real professional trader to get any value out of it. Truth be told, it’s actually a very simple system and most of the features can be accessed using point-and-click wizards and file menus as opposed to any difficult programming. For those looking for more control and flexibility, you can program trading strategies using a proprietary programming language. For more on “Improvian,” Tradecisions trading strategy programming language check out their online documentation.
All-in-all, I think it’s a really beneficial platform for anyone interested in getting a seriously powerful system for automating analysis of their trading strategies and possibly even executing them automatically. That being said, it’s not that necessary for most investors who won’t be trading on a regular basis or don’t put that much stock in technical indicators. Additionally, in order to fully utilize the software, you will likely have to subscribe to a real time market data feed like IQFeed or eSignal. Otherwise, you’ll only be able to use end of day data offered for free from Yahoo!Finance or MSN:Money.
How do I get Tradecision?
Lucky for you tuned in readers, Tradecision has offered a special deal to TheCuriousInvestor.com readers interested in purchasing their software. They’re offering a 15% discount on their regular purchase prices. To make things even easier for those not sure that they need the software, they are offering an exclusive system of monthly subscriptions that will allow you to try the software for a few months rather than have to buy the full edition outright. In addition to all this, all new purchases will qualify for a free copy of their new product, NeatScan Market Scanner.
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