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Hi Mary
To determine what software best meets your
needs, I'd first ask what type of technical trader are
you?
* mechanical or discretionary?
If mechanical, then TS charts would be a place to start.
Unless this feature has been added since I last saw TS, the
one disadvantage TS has:
- it is unable to test a portfolio of instruments.
"Trading Recipes" overcomes this handicap. As
I see it however, TS has better general charting features.
TR: http://www.wsdinc.com/products/p2125.shtml
MS is a general charting package and a better value for
money if you are a discretionary trader. Other good packages
in this category are:
* Market Analyst
* Advance Get (Elliot/Gann)
* Nature's Pulse (Time and Price Projections; DOS)
* Dynamic Trader (Similar to AG without the Elliot Count
but more time and price tools)
* WaveWise (This is interesting as it is a spreadsheet disguised as
a charting package. Very powerful if you know how to write and
use spreadsheet macros and great value. If you don't know how to
write macros, I'd leave it alone.)
all the best
ray
R Barros
101/25 Market Street
Sydney NSW 2000
Australia
Voice: 61 2 92673470
Fax: 61 2 92673478
E-Mail: rbarros@xxxxxxxxxxxxxxxxxx
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: From: Mary Curtin <mscurtin@xxxxxxxxxxxxx>
: To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
: Subject: GEN: comparing chart analysis software
: Date: Tuesday, October 06, 1998 6:43 AM
:
: This is my first post as a member of RT... yes, I've got a newbie
: question. I would like imput on chart analysis software. I am trying
: Trade Station for thirty days. It looks great but is it worth its price?
: Does Metastock compare @ less than 1/2 price? How about Excel, can it
: compete with TS?
: My applications will be analyzing equities for day and intermediate term
: trading.
:
: Thanks in advance!
:
: Mary
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