Wayne A. Thorp, CFA is a vice president and senior financial analyst at AAII and editor of Computerized Investing. Follow him on Twitter at @AAII_CI.


Discussion

M from Florida posted over 2 years ago:

Mr Thorp:
Thank you for your unbiased critique of the 3 leaders in Technical Analysis Trading systems. In fact it is a brilliant and magnificent presentation.
I only have experience with Worden's output I being their subscriber since 1965, when there were no online services. They, like the others have evolved into a necessity since the personal computer was invented. Yet, as statistics are extrapolations into the future based on a small sample of a big universe, Virtual Reality can never catch up with Real future Reality. Thus,we investor and traders rely on you as an experienced observer to keep us updated.


M from Florida posted over 2 years ago:

Mr Thorp:
Thank you for your unbiased critique of the 3 leaders in Technical Analysis Trading systems. In fact it is a brilliant and magnificent presentation.
I only have experience with Worden's output I being their subscriber since 1965, when there were no online services. They, like the others have evolved into a necessity since the personal computer was invented. Yet, as statistics are extrapolations into the future based on a small sample of a big universe, Virtual Reality can never catch up with Real future Reality. Thus,we investor and traders rely on you as an experienced observer to keep us updated.


Anthony Humpage from Arizona posted over 2 years ago:

I have never used Investor RT. I have used the current version of Metastock EOD and TC2000 V12.
I am quite computer literate but just could not get along with Metastock -- which I owned for a couple of years. My use was confined to basic charting because of it and I never found anything easy about it. Also, the data costs get to be tedious on top of the software cost. I bought the Gold version of TC2000 and have since thrown Metastock away. TC2000 was easy to learn and is relatively inexpensive. I have many different screens set up to monitor different watchlists specifically. The sorting and filtering facility is great too. One use I like a lot is determining leading and lagging S&P Sector ETFs in various timeframes.
TC2000 has many excellent free tutorials on the Worden website which anyone can view. They will give you a great feel for how the software works in addition to being a great educational resource.
I also use TC2000 to illustrate points in my personal blog.
For me, the choice is TC2000 hands down.
Anthony Humpage
Scottsdale AZ


Dave from Washington posted over 2 years ago:

Mr. Thorp, excellent comparison. We need more of these. I was an early user of TC but fell away. Long ago I tried Vector Vest, Invester Pro, Omni, and recently visual trader. I have not found a system that works for me. I like some of the recent upgrades to Vector so I may try again. Any comments or suggestions from you or fellow members?
Dave


Gregory Silvis from Minnesota posted about 1 year ago:

For the last 3 months I have been working with MetaStock, Worden Brothers tc2000 v12.1, Stock Investor Pro and Fidelity's Active Trader. All of the programs are tightly locked to prevent pirating -- too tightly I would say. All of them have been buggy initially and required multiple uninstall/reinstall cycles.

I agree with Mr. Humpage's "just could not get along with Metastock" even though I too am quite computer literate. It also seemed sometimes to be akin to adware, anything of interest required an upgraded subscription. Sorting the universe of equities was also p-a-i-n-f-u-l-l-y slow.
I just finished another unsuccessful clean install -- the 5th, 8th, 13th I don't know how many, but definitely some Fibonacci number though I'm done trying.

Worden Bros is my favorite. It is fast, fast, fast in sorting and charting stocks. The charts are very colorful and the colors are customizable allowing the color to convey important data. With some poking around I have highly adapted it to "speak to me". I have Platinum service which gives realtime data feed (but not the Stock Finder module) One strategic intraday entry paid for a year's subscription to the realtime data.

Stock Investor Pro has an unbelievably rich database of fundamental data. It is an essential complement to all of these tech analytic programs and could clearly stand on its own for longer term investors.

The fidelity program is also buggy. But the integration of order entry and the very rich fidelity research makes it a program that I will work to get tuned.

I have been checking out some intermediate to advanced books on tech analysis and TradeStation seems to be the standard: much code and even software CDs. I'm going to check it out as well as the tc2000 stock selector module before settling.

gls


Ian Craig from California posted about 1 year ago:

Mr. Thorp , Thank you.
Any opinions on " Chart Lab Pro" I trade SPY & SDS

Ian


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