Best technical trading system

The most significant addition to the MetaStock arsenal is the forecasting functionality, which sets it apart from the crowd. MetaStock harnesses many inbuilt systems that will help you, as a beginner or intermediate trader, understand and profit from technical analysis patterns and well-researched systems. You can even use artificial intelligence-like functionality to test a set of variables within your backtesting. For example, you could test if price moves above the moving average 10,11,12,14,16,18 or 20 in a single test to see which of the moving averages best work with that stock.

You are then presented with an interactive report which enables you to scan through the many predictive recognizers, which help you understand the basis for the prediction and the methodology. The TrendSpider team is innovating at breakneck speed, and the features they are innovating are unique to the industry with trendline automation, pattern recognition, and multi-timeframe analysis. On top of that, you get 20 Dynamic Alerts. The system runs on all platforms, from smartphones to PCs. Packed full of innovative technical analysis tools means that TrendSpider is catapulted to the top of this list.

If you are a serious market analyst, then TrendSpider will help you do the job quicker, with better quality, and help you not to miss an opportunity. The automated trendline detection and plotting do a better job than a human can; using algorithms, the system can detect thousands of trends-lines and flag the most important ones with the highest backtested probability of success. The multi-time-frame analysis means viewing multiple time-frame charts on a single chart with the trendlines plotted automatically. Another great feature is the advanced plotting of support and resistance lines into a subtlely integrated chart heatmap.

TrendSpider is developing new features at breakneck speed, but this one is big. This is a significant step forward, combining AI trend detection and analysis with the ability to scan the whole stock market. TrendSpider takes a different approach to backtesting. Because the platform is built from the ground up to detect trendlines and Fibonacci patterns automatically, it already has an element of backtesting built into the code. The highest probability trendlines are automatically flagged, and you can adjust the sensitivity of the algorithm that controls the detection to show more or fewer lines.

Adding to this, they have implemented a strategy tester that allows you to freely type what you want to test, and it will do the coding for you. It is a smooth and straightforward implementation that had me up and running in minutes.

Best Trading Software 2021

You can jump into coding if you want to, but the key here is that you do not HAVE to. Integrated backtesting of automated trendlines, showing win-rate, profitability, and drawdown are new additions and warmly welcome. The team is finally propelling TrendSpider into one of the leading technical analysis packages in the industry. For example, seeing hourly, daily, weekly trend lines plotted on the same chart might be confusing at first. Still, after applying a little effort, you might find you cannot live without them—an excellent score on usability.

TC has an integrated brokerage, meaning you can trade stocks and options directly from charts.

TC has long been one of my favorite tools; I have been a subscriber for over 20 years and find the latest release to be another step forward. Endlessly customizable and scalable, the platform offers nearly everything an investor will need. TC is a big hitter when it comes to software and pricing. It is also priced very reasonably, starting at Free. If you trade U. Worden Brothers also provide regular live training seminars across the USA, which are of very high quality.

This integration means a tight integration for trading stocks from the chart screen and one of the best implementations of Stock Options trading visualization available. Make no mistake about it; if you want fundamentals screened in real-time layered with technical screens all integrated into live watch lists connected to your charts, TC is a power player. If you want social community and integrated news, you will need to roll back to TC v With over 70 different indicators, you will have plenty to play with. They have also introduced live alerts that you can configure to email or pop up if an indicator or trend line is breached, very useful indeed.

If you want to perform powerful backtesting, then TC is not for you. You may be able to utilize the add-on product called StockFinder if you are a Platinum Member, and you specifically call support to ask for it. However, StockFinder is no longer in active development, which is a shame because I think it was a very good backtesting suite. One of the easiest to use packages available places the icing on the cake for the Worden Brothers. Optuma is a technical analysis stock charting tool created as the brainchild of Mathew Verdouw, a leading technical analyst.

Optuma is developed for professional technical analysts in financial institutions but is also available to retail investors. Optuma is at the top end when it comes to price.

Optuma is squarely aimed, as you can see from the price, at professional traders and wealth managers. Their clients are tier one Wall Street investment houses. But you can still take advantage of their first-class solution. If you have a Bloomberg feed already established, this also offers a new world of data and fundamental analytics. This slick integration of fundamentals into the charting and analysis means this is a significant improvement over a Bloomberg terminal and warrants it as a clear leader in this space.

You can build watchlists with fundamental data, and everything operates in real-time; advanced scanning includes an excellent 3-dimensional sector map. A well-thought-out real-time scanning and filtering engine and the fundamental watchlists are well implemented. To top it off, they have also implemented an excellent astrological analysis suite as an upgrade for those who believe in that sort of thing; yes, commodity traders, I am talking about you :. Optuma has backtesting well covered also, with a well-implemented backtesting and system analysis toolset, which is up there with the industry leaders.

Still, unlike the others, you do not need a Ph. The advanced programming language which connects all of Optuma together is simple to use, and there are many detailed and helpful videos available so you can also teach yourself. The code runs lightning-fast, and you can scan entire markets quickly and effectively.

Question: What is the best trading strategy for Intraday?

So the quality of the testing tools is first class. However, with the advent of TradingView , the largest trading community platform Scanz has fierce competition. Scanz specializes in providing real-time data and news fast directly to your screen. Data speeds are excellent, and it has excellent U. The deal news section in Scanz is very good; I really like the simple implementation; you can get the low down on contracts and deals struck between companies. Scanz also has a strong focus on news services, but it is let down by having no social integration. This single window contains a wealth of critical trading information, including real-time streaming news, level 2 data, including time and sales.

The Scanz Team has a fantastic set of integrations to your broker to enable this, including RealTick, Sterling Trader, LightSpeed, and, most importantly, TD Ameritrade and Interactive Brokers, two of the powerhouses of the brokerage world. So, the chances are your broker of choice already covers you. Scanz contains many fundamental screens.

But what is the key for days traders?

With the ability to scan entire markets for liquidity and volume patterns to find volatility, you can trade for a profit. This makes the Scanz unique offering. Trading software to help simplify market timing, stock strength, and valuation. VectorVest has 3 tiers of service. The basic service is missing much of the benefits of VectorVest. I would recommend the enhanced service, good for investors, or the Premium for those who want to swing or day trade.

In terms of pricing, Vectorvest is neither expensive nor cheap; it sits in the middle. But the competitors do not offer the level of simplicity of VectorVest.

VectorVest software is straightforward to use because it is designed to promote the Value, Safety, and Timing system. This means they have a minimal variety of stock market indicators; they provide only what is needed to trade within their VST system parameters. VectorVest continually evaluates every stock on the exchanges they cover to provide their propriety ratings. VectorVest does not have any specific features to enable social chat or community within the software. They do, however, provide a weekly market update to subscribers; these are available on youtube. Some of their customers complain about the cost of the training courses available through VectorVest and also the constant focus of VectorVest trying to sell the courses and add-on products.

Recommended for Quantitative Analysts who develop powerful automated systems and value a huge selection of shared user-generated systems and powerful technical analysis tools. Quantshare is a Windows-based stock analysis software package that operates primarily offline. Interestingly, Quantshare has AI and Neural Network learning functionality and even automated trading with IB for the hardcore quantitative analyst.

In terms of market scanning and screening, the data you can select are essentially technical data based on stock price, volume, and plotted indicators.