Tradecision Trading Software

Tradecision is a very thorough stock software primarily led by its most robust features like its various neural network trading systems, money management module and it’s easy to use technical studies and indicators. This program has some attractive features.

Tradecision offers two versions for which to purchase. Tradecision Professional Real Time is priced at $1595 and the Tradecision Professional package is priced at $1195. In addition, the NetScan Market Scanner can be bought for an extra $199. All purchases come with a 30-day money back guarantee.

Standout Features

•    Money Management Editor

•    Neural Network Trading Systems

•    Technical Studies and Indicators

Stock Charting & Analysis

Tradecision’s charting and analysis piece has a user-friendly interface allowing the user to quickly and easily perform their regular charting and analysis tasks. The chart data can be easily and effectively analyzed, edited, deleted, zoomed in on and saved into different file formats. The Chart Settings dialog box allow the user to customize each chart and sub-chart with studies, lines, indicators, text, colors, chart grid setup and time frames.

Stock Portfolio Tools

When it comes to the software’s stock portfolio management it is a bit weaker compared to other comparable stock analysis software packages. The alert and watch lists functionality is lacking and any historical profit and loss type reports do not attach to stock portfolios but rather are generated in the context of the trading system backtesting toolset.

Technical Indicators

The software has an abundance of technical indicators to support an active trader’s stock analysis tasks. The included technical indicator library covers all the different classes like trend indicators, volatility indicators, price momentum indicators and market strength indicators.

Tradecision also provides the user the ability to create unique technical indicators using their proprietary programming language Improvian based on the user’s preference and creativity.

Search Capabilities

Tradecision offer a very robust market scanner called NeatScan that helps users identify potential trading opportunities. The user can perform multi-symbol scanning using a variety of diverse searching filters. In addition, within Tradecision the user can access numerous built-in scans such as Bollinger Bands, Stochastic, Price and Moving Average Crossovers just to name a few. The user can also create their own custom searches using their own scanning formulas and their own filters over a specific time frame.

System Testing

The software package has very powerful system testing features, which include Strategy Builder, Money Management Editor, Strategy Backtesting, and Neural Networks. Strategy Builder allows the user to develop trading systems and measure its risk and reward over historical data using the Strategy Backtesting function. The user can also perform strategy optimization and simulation operation, which will help them improve their trading systems to make them more profitable.

Another key attribute of Tradecision’s system testing feature is the Money Management Editor piece. Using the Money Management Editor a trader can do an automatic calculation of their position size using formulas like Optimal F, Kelly and Fixed Fractional Trades. In addition, the user can fine tune their stop-loss and profit-target rules.

Finally, Tradecision allows the user to create successful neural models and insert them into their own trading strategies. For the user one of the best things is that no mathematical or artificial intelligence background is required for wizard-based creation of neural models.

Help & Support

Tradecision offers adequate help and support. They utilize email to respond to inquiries as well as offering a FAQs category. They have community type discussions via a variety of publications. Tradecision also offers specific consulting services for their proprietary programming language Improvia.

Summary

Tradecision is best suited for the serious trading system developer. The best strengths of this software package are the system testing and development features using neural networks. Just remember, if the user intends to use the programming language Improvia to develop their own systems there will be a significant learning curve involved.