Tradecision
New Tradecision v. 4.6 now available: contains both improvements in functionality and special "anti-crisis features" to survive the financial meltdown:
- Trailing Stop Rule has been introduced
- Lability Reversal and Lability Retracement Functions are added
- Lability Reversal and Lability Retracement Indicators are added
- New functions to the “Special Techniques” group are added: “GetCurrentSymbol” and “IsCurrentSymbol”
- Various speed and usability improvements
Tradecision is a technical analysis software application, enhanced with portfolio-level backtesting, exclusive studies, genetic algorithms, and neural networks. Priced very competitively, yet extremely easy-to-use, Tradecision enables analytically-minded traders to prepare for different, unexpected market scenarios, test their ideas, maximize profits, and develop a discretionary trading approach.
No monthly fees. Free technical support.
Whether you're a beginning investor or veteran trader, Tradecision provides you with the practical and advanced collection of tools to support your trading decision-making process.
There are 2 different versions of the Tradecision application designed for different kinds of traders:
- Professional, and
- Professional Real Time.
You can select the version that best suits your needs.- Identifying Trends and Market Phase To facilitate your analysis work as much as possible, Tradecision provides a set of on-the-fly techniques: the Auto-Trends study is used to automatically draw trend lines over a chart; the Pivots study identifies and marks a turning point in the trend on a chart. Also, Fibonacci Studies, Gann Tool-Box, Reversal Patterns and automatic identification of Elliott Waves.Tradecision enables using the 100+ most popular technical indicators. Moreover, Tradecision provides functionality for creating and improving your own custom indicators.
- Determining the Most Auspicious Time to Buy and Sell Securities. Using Tradecision Strategy Builder, you can create a workable trading strategy, reliably measure its profit potential and the risks involved, and then analyze it historically to see how well it works. The application will inform you about the future performance of your trading ideas, thus dramatically reducing the risks involved.
- Strategy Optimization Wizard will help you to find the optimal parameters for the indicators applied to your strategy and entry/exit conditions. The optimization process can take seconds, minutes or hours, depending on the number of the simulations being run. In those cases, when you have multiple optimization variables and wide search ranges, the Genetic Algorithms work much faster than the exhaustive search, while remaining very robust.
- Maximizing Profits Using Innovative Money Management Editor. The most popular money management rules are predefined and easily accessible through an advanced point-and-click editor including stop-loss, trailing stop, profit target, defining a custom Position size formula; Optimal F, Kelly, Fixed Fractional Trades and William formulas. The Editor provides special features for entering and editing your stop-loss, trailing stop, and profit target rules.
- Achieving Trading Results that are Optimal under the Current Market Conditions Using Artificial Intelligence. Neural Networks allow finding patterns which cannot be discovered by the human eye. The Tradecision Model Builder helps you create successful neural models and use them in your strategies, thus building better trading systems than those created using standard technical analysis.
- Gaining a Trading Edge.Tradecision is a quality and unique product, but it also innovative. The following exclusive techniques available only in Tradecision designed to be a major contributor to your trading success. Ingenious Moving Average to forestall tendencies. Also it is used as a noise-elimination filter that gives you a much better insight into the market situation.
- Compatible Data Feed. Using Data Manager you can receive, store and export market data from different data feeds simultaneously, including DTN IQFeed, eSignal, Interactive Brokers, Worden, MetaStock, CSI, text files (csv),Yahoo Finance (free EOD data), and MSN Money (free EOD data).
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