by CI Staff
Stock Predictor is a stock charting and investment strategy backtesting program geared for technical analysts. The program provides buy, hold, avoid and sell recommendations for individual stocks, charts them with a variety of technical indicators, and maintains a database of historical prices. Even though Stock Predictor does not provide real-time quotes, it does not charge for server connection or historical data because it uses free data servers. Users can choose between MSN Money, Google Finance or Yahoo! Finance.
The program’s primary selling point is its backtesting feature, which allows users to create and apply trading strategies and analyze their performance over a historical set of data. Investors can then optimize their investment strategies. Backtesting is a remarkable tool; however, it is not perfect by any means and relying on it has its own risks. The basic problem with backtesting is that historical performance generally has little correlation with future performance. That said, having the backtest results on your side can be a comfort.
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