Re: TradeStation
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Trade Station offers the most complete TA library around. Includes the ability to write your own functions, studies and strategies plus the ability to back test any strategy you can write.
With an account the software including a huge amount of historical data is $99 per month plus exchange fees. The software is free w/10 trades a month.
Absolutely the best in the biz.
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UB is correct.
If you want to trade based on TA, you must have software that enables you to backtest your trading rules. Any so-called charting software that does not have this feature is totally worthless. Yeah, Meatastock and Telechart will draw lines on the screen but if you can’t translate the lines into something that makes you money it’s all just a load of crap. AFAIK, TradeStation is the only one that lets you backtest your rules and calculate a theoretical profit or loss.
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You know incorrectly. Metastock allows backtesting. It can backtest several systems at once against the same stock. It can backtest 100 systems against a stock and sort them in order of effectiveness.
BTW, charting software is not the same as systems software. They are completely independent. There are a lot of systems written in Excel macro, and they have no charts at all. Conversely, something like Realtick 3 doesn't have systems at all, but draws very good charts.
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