Sunday, June 16, 2013

Round-up of trading technology for retail traders

As a result of researching trading software for a project I’m engaged in I’ve compiled a list. Most items on the list are for retail-traders and integrates with retail brokerages such as Interactive Brokers, TD Ameritrade etc. Each product has a short description to help me remember the product beyond name and company. I’ve tested some of them but far from all, so I keep the list as a reference and might add other products later.

  1. MetaStock is a technical analysis software and charting software for end-of-day traders. It comes with numerious add-on as uses Reuters market data for prices.
  2. IBCharts is a free chart and indicator package that works with Interactive Brokers.
  3. Bracket Trader is a free API frontend with GUI to Interactive Brokers. It also support eSignal as datafeed.
  4. eSignal is a realtime trading platform for advanced charting, backtesting and studies. It works with a range of retail brokerage houses.
  5. Multicharts is a trading platform for multi-broker automated trading, charting and back-testing.
  6. jWSData is a handy piece of software that creates and updates CSV with price data in real time from Interactive Brokers.
  7. Salventrex offers a flashy product called DotTrader packed with unique and interesting features, such as Twitter, RSS etc. DOT trader offer dynamic views, charting of the market.
  8. AnalyzerX have several Excel modules for traders for various purposes. DownloaderXL to download prices, BackTestingXL to perform backtesting.
  9. StockVision offers desktop applications such as PowerScan(stock scanner), Market Replay (backtester), Midnight Review (backtester), and Goldenticket (pattern recognition).
  10. StockChartX is a charting solution with many kind of charts; 3D Candlesticks, Renko, Kagi, Three Line Break, Point & Figure, Candlevolume, Equivolume, Shaded Equivolume, Heikin Ashi Candlesticks, Darvas Boxes. The company is called Modulus Financial Engineering and offer a plethora of financial applications mainly designed with Microsoft .NET.
  11. RT Soft connect calculation software that connects Interactive Brokers and other data providers with MetaStock.
  12. Wave 59 is a package of technical indicators, systems testing, order execution and pattern recognition.
  13. Trinhof builds your very own price database from historical data from Interactive Brokers.
  14. Vestra charts is a product for charts and order management with IB, MB Trading, and MetaTrader.
  15. Trading Simulation help you to identify breakout trades with the product TSimBO.
  16. SSCharts is a free charting package.                                                                                                 
  17. Ensign software is a charting software package.


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