Information overload - too many software choices

[telstrareg]

I’ve received a lot of recommendations about using various types of software for charting, technical analysis, backtesting, risk management, system dev, trading platforms etc. I’ve never been faced with such a bewildering array of choices. In the financial software realm there seems to be a lack of clear distinctions between software categories (a lot of overlap). For example there are technical analysis packages that can be used to trade directly, like Tradestation, then there are ones that do backtesting but need a plugin to handle position sizing and risk management.

Are there any websites that have unbiased reviews or articles to help make sense of all this?

 

[CanOz]

I’ve received a lot of recommendations about using various types of software for charting, technical analysis, backtesting, risk management, system dev, trading platforms etc. I’ve never been faced with such a bewildering array of choices. In the financial software realm there seems to be a lack of clear distinctions between software categories (a lot of overlap). For example there are technical analysis packages that can be used to trade directly, like Tradestation, then there are ones that do backtesting but need a plugin to handle position sizing and risk management.

Are there any websites that have unbiased reviews or articles to help make sense of all this?

There is a thread here somewhere....someone is test driving them, one by one. I'll try to find it later when i'm not so sleepy....

I love my AmiBroker...a biased view of course.

Trial them for free.

www.amibroker.com


Cheers,

 

[lakemac]

That might be me doing that testing - one by one.
Driving me to distraction

If you have any questions just ask away.

The thread is here:
https://www.aussiestockforums.com/forums/showthread.php?t=5076

 

[R0n1n]

+1 for Amibroker.

 

[telstrareg]

That might be me doing that testing - one by one.
Driving me to distraction

If you have any questions just ask away.

The thread is here:
https://www.aussiestockforums.com/forums/showthread.php?t=5076

That post is about brokers, not software

 

[GreatPig]

Another vote for AmiBroker. Excellent, powerful software and very cheap.

There's a bit of a learning curve with programming indicators and systems, but it's well worth the effort.

Cheers,
GP

 

[Nick Radge]

The ATAA has an independant software survey available. www.ataa.com.au

 

[nizar]

The ATAA has an independant software survey available. www.ataa.com.au

You need to be a member.

Nick, can you please give us a summary of the conclusions?

Much appreciated.

 

[Nick Radge]

non members can purchase it for $19.95

It give a clear comparison of 52 software packages side by side, including costs and support, so you can determine what is appropriate for your own needs. It does not attempt to conclude which is best.

I think TASC does a software survey each year and ranks the best packages, although one does wonder about votes and advertising revenue.

 

[GreatPig]

I bought the ATAA survey back in 2004 when looking for charting software. Not sure if the latest one is the same, but it just gives a very basic feature summary list, mostly just Yes/No for whether each feature is included or not, and things like price range, OS support, and vendor contact details. As Nick mentioned, it has no review type information.

It also didn't include AmiBroker as one of the vendors.

I found it useful as a starting point, where it pointed me towards using Bullcharts at the time, but ultimately bought AmiBroker on user recommendation.

GP

 

[nizar]

non members can purchase it for $19.95

It give a clear comparison of 52 software packages side by side, including costs and support, so you can determine what is appropriate for your own needs. It does not attempt to conclude which is best.

I think TASC does a software survey each year and ranks the best packages, although one does wonder about votes and advertising revenue.

Im onto it.
It seems well worth it.

Thanks.

 

[Kauri]

You can read user reviews on quite a diverse range of trading software on this site, the list is on the left.... http://www.elitetrader.com/so/ ..

 

[lakemac]

That post is about brokers, not software

Hi telstrareg,
It originally was about brokers when I chimed in talking about the demise of Sanford Pro. What then followed was my analysis of other platforms most of which as it turned out were not brokers. I probably hijacked the thread for which I apologise.

On the other side of that the thread I posted does cover a lot of analysis of software trading platforms. It would seem few brokers have decent integrated trading/charting platforms since the rise of WebIRESS

I only noticed this thread after I posted a lot of my research on the other thread. Hence the link for those interested. Sorry to confuse people.

 

[gone2rio]

Can anyone recommend a stock analysis and charting programme suitable for the Macintosh platform...or am I the only one on the planet using a computer named after a piece of fruit...

G2R