Update: New Computer Investing Products
by CI Staff
Market System Analyzer
Adaptrade Software has introduced a new money management software program for active traders called Market System Analyzer (MSA). The program works in conjunction with the trading systems you already use to help maximize performance. The program can find tradable profit and loss patterns, optimize trade sizes and highlight trades with a small chance of success.
This program is geared toward day and position traders in the stock, futures, commodities, options and forex markets. MSA helps decipher the optimal number of contracts or shares you should trade given your risk tolerance, account size and trading goals. The software also evaluates trading decisions with detailed charts and statistics that account for position sizing settings and account equity.
In addition, MSA has many advanced tools including: Monte Carlo analysis, which gives detailed performance reports on the trading systems; dependency analysis and rules that can identify and exploit tendencies of your trading systems to gravitate toward winning and losing; and significance testing, which helps identify over-optimized trading systems and evaluate your trading system’s inherent profitability.
MSA includes an EasyLanguage code for TradeStation that allows you to transfer TradeStation system results to MSA and add position sizing methods of MSA into your TradeStation systems. Data can also be imported from a text file. All charts can be formatted to fit your needs. MSA generates synthetic trade data for testing and will specify and assign trade risk value to all trades.
MSA costs $149 and can be loaded by CD-ROM or downloaded from the Web site. A free version, MSA Lite, is available for download. MSA Lite contains the same functionality as the full version with two exceptions: It is limited to trade histories of 15 or fewer trades, and it does not contain the TradeStation add-in functions for position sizing.
ProphetX streams real-time commodities, energy and financial futures market news, data and weather. The information is provided by outside sources including Reuters, Dow Jones, the USDA and Hotspot FX. The program delivers the data through a graphical interface to your computer.
ProphetX can be used for both fundamental and technical analysis. You can search through news stories by keyword, title or subject and set up filters and alerts to bring certain articles to your immediate attention. For technical analysis, the program features advanced charting and technical indicators.
The program is set up in a spreadsheet format with seven different sections. The Market Overview tab shows commodity and energy tickers, bid and ask prices and price changes for futures contracts. As prices change, they are highlighted in yellow.
The Quote Board and Related News tab shows real-time quotes with associated news stories and weather updates, which include agricultural and energy forecasts, current conditions and climate predictions generated by the program’s meteorologists.
The Options tab allows you to perform what-if analysis, while a tab with charts and graphs offer seasonal charts and daily charts with moving average, risk and relative strength analysis. Historical market analysis and market profiles are available under corresponding section headings. A one-click link to the most current general market news is provided as well.
Many of the program features are fully customizable. You can determine the content and format of the quote information displayed, set up onscreen alerts when price targets are reached and customize the charts and graphs generated and displayed. The program can also link real-time and historical data to Microsoft Excel.
An in-depth help section makes finding definitions and answers to questions simple and quick. ProphetX costs $195 per month, and a free seven-day trial is available. A live Internet connection is required to use ProphetX.
The newly updated eSignal 7.9 now supplies data for many European exchanges. Market data on the Asian market and the NYSE and Amex corporate bonds has been added as well. All real-time international economic news can be translated into local languages.
Other updates include the ability to create your own symbols for spreads, a continuous contract tool, which allows users to view future contracts without changing symbols, and added formulas and technical indicators, which are fully customizable. All registered users of eSignal can upgrade to 7.9 for free. eSignal Basic costs $75 per month with options to add services for an additional charge. eSignal Pro costs $185 per month.
Barron’s has enhanced its on-line portfolio. Users of the Barron’s portfolio can now create, manage and track up to 20 portfolios containing up to 30 stocks each. Splits and dividends can automatically be accounted for while buys, sells, dividends and other transactions can be added to your portfolios. A detailed transaction history is also available.
Additionally, you can read the latest news headlines from the Wall Street Journal and Barron’s relating to the stocks in your portfolios. Any Wall Street Journal on-line portfolio can be imported into a Barron’s portfolio. Membership to Barron’s Online costs $39 for subscribers of the print Wall Street Journal or Barron’s and $79 for non-subscribers.
Subscribers to Prophet.Net, a charting service, can now choose to add on a new Excel feature that allows downloading intraday and end-of-day historical data directly into an Excel file. Intraday information can be downloaded in one, five-, 15-, 30- and 60-minute intervals, while end-of-day data is available in daily, weekly, monthly, quarterly and yearly intervals. Prophet.Net can also pull real-time quotes for stocks, options and futures as well as import your Prophet.Net Watch Lists.
The new feature is available to paying members at a cost of $9.95 per month. The price includes five free historical data downloads; thereafter, the cost is $1 each. Membership prices range from $14.95 per month to $39.95 per month. A free trial is available.
Options on MarketWatch
MarketWatch from Dow Jones has introduced Options Trader, a weekly E-mail newsletter devoted to trading options. Each issue focuses on a particular sector. Commentary from the editor and an abundance of charts and graphs help with the analysis of each trading idea presented. Analysis and maintenance tips for many of the previous week’s trade strategies are provided as well. Trading floor insights and perspectives from the Chicago Board Options Exchange are also included. The newsletter contains tips on how to master psychological and emotional issues options traders face.
A one-year subscription costs $99. A free sample of the newsletter is posted on the MarketWatch Web site under the Premium Products heading.