Bourse Data... what do you reckon?

[shyguy]

well i am looking into software predominantly for charting features and watching for crossovers, etc...

boursedata has been recommended to me...

what do others think of it?

any others people would recommend over it? not wanting to spend heaps on software at this stage...

 

[skc]

well i am looking into software predominantly for charting features and watching for crossovers, etc...

boursedata has been recommended to me...

what do others think of it?

any others people would recommend over it? not wanting to spend heaps on software at this stage...

Bourse data is very expensive, nor is it a charting software.

If you want something to begin with, Incredible Charts would be alright.

 

[shyguy]

Bourse data is very expensive, nor is it a charting software.

If you want something to begin with, Incredible Charts would be alright.

what do you mean it's not a charting software?

i have seen it being used to graph/chart data for a share with all the various tools eg. ema, trendlines, etc...

 

[skc]

what do you mean it's not a charting software?

i have seen it being used to graph/chart data for a share with all the various tools eg. ema, trendlines, etc...

Yes it has some charting functionality, but it's not a software specifically designed for charting.

For example, you cannot create your own indicators. You cannot plot your share against the index or another share. You cannot scan 100s of charts and look for the cross overs or whatever signal you are looking for.

The price and the ongoing fee is extremely high for what you are getting.
Do a search on this forum for charting package / charting software and see what else you can get.

But as a beginner just have a play with Incredible Charts free version and develop your skills/ trading style on paper first.

 

[builder2818]

try prorealtime for free charts

 

[pixel]

if you want real charting and scans for crossovers, then look no further than MA Pro, the "Market Analyser Professional". Comes from the same stable as Bourse Data and runs rings around it. Sure, you have to pay for software and data, but if you set up your account with Trader Dealer, it becomes cheaper the more you trade.
Remember: you get what you pay for, and good tools cost good money, no matter what your industry.

 

[shyguy]

i have been paper trading for a while now and i think i am now at a point where i need to start testing the waters for real...

so far i have been utilising commsec, asx, and theage... i am trading as an end of day trader with technical analysis.

so i am now reviewing what benefits i can expect to gain from a paid version of software to do all of the above, but more effectively...

so what advantageous can i expect to gain with paid for software compared to what i have been using? feel free to add a few more software suggestions...

 

[pixel]

i have been paper trading for a while now and i think i am now at a point where i need to start testing the waters for real...

so far i have been utilising commsec, asx, and theage... i am trading as an end of day trader with technical analysis.

so i am now reviewing what benefits i can expect to gain from a paid version of software to do all of the above, but more effectively...

so what advantageous can i expect to gain with paid for software compared to what i have been using? feel free to add a few more software suggestions...

Do you trade profitably? Do you achieve or exceed your planned targets?
It the answer is yes to both, keep doing what you're doing.

 

[shyguy]

well i am fairly new so i guess you could say i am still finding out how accurate my forecasts are...

i am finding i can get by with using commsec graphing but i just dont think it is a very easy to use tool... one main issue i find is that you cant compare historical support/resistance lines if they go back too far because the candles are too small to read...

 

[joea]

well i am fairly new so i guess you could say i am still finding out how accurate my forecasts are...

i am finding i can get by with using commsec graphing but i just dont think it is a very easy to use tool... one main issue i find is that you cant compare historical support/resistance lines if they go back too far because the candles are too small to read...

shyguy.

There are trading platforms and charting software. Both have charts and indicators.
For a new trader you have been advised from above to get Incredible charts.
This does not have all the 'bells and whistles" but is the best value starting software.

Trading platforms such as The Bourse and Paritech Pulse have Market depth to a number of levels. This will allow you to reduce slippage between buy and sell. If you understand the concept. I do not think you are not ready for this yet. its basically allows day trading.

Now from this forum, there will be a number of people who want you to do, as they do.
This may be right or wrong considering the ego or those that participate.

However if you want to complete a couple of trades a month to warm up, then I do not think you want to buy a platform, or start to compile your own indicators.
Well hello. start with the principle of risk and money management. Compile a A4 page of your entry and exit etc. then complete a couple of paper trades. Then progress further.

Now a number of people have opinions on the time it takes to be competent. Well, that's a load of s##t, because it related to your ability to grasp the concept of trading.

I remember a 3rd year uni graduate winning a trading competition in his first attempt a couple of years back. The reason he won it was because he could think outside the square.

What it would be advisable to do is explain what your objectives are. (clearly).

Finally, what a number of traders are attempting to do is, compile indicators to scan the market to find the best stock to buy. Well hello there are experts doing that, and i will send you a couple of emerging company's to consider. MAK is one to consider.

Just remember you do not have to follow the crowd. There are good traders on this forum. Follow their concept. There are others who want you to do what they do!!!!

Cheers

 

[shyguy]

shyguy.

There are trading platforms and charting software. Both have charts and indicators.
For a new trader you have been advised from above to get Incredible charts.
This does not have all the 'bells and whistles" but is the best value starting software.

Cheers

what about compared to amibroker? because for almost the same price (ignoring monthly subscription) you can get amibroker and own it... whereas incrediblecharts would be that cost annually... im not a fan of installing and uninstalling things too often so trying to pick the best option to begin with...

 

[Noddy]

what about compared to amibroker? because for almost the same price (ignoring monthly subscription) you can get amibroker and own it... whereas incrediblecharts would be that cost annually... im not a fan of installing and uninstalling things too often so trying to pick the best option to begin with...

The thing is - you can get a download of Incredible Charts free of charge to try out.
It includes a free stock scanning feature.
Has more indicators than you can poke a stick at.
There is no time limit, can play with it for years.
It's easy to use.
Others on this thread have recommended it.
What have you got to lose ?

 

[trader222681]

I would recommend PhoenixAI over Bourse data and Ami Broker. The guy who wrote PhoenixAI created Bourse data like 10 years ago and that package hasn't changed much since.

PhoenixAI has better functionality than Bourse data and Ami Broker, with intuitive charting, HEAPS of indicators and tools, powerful scanners, a back tester, and some awesome options tools and they're always releasing newer versions with cooler stuff!

There's a great demo video on the main page of their site and you also get a trial period to test it out.