Today’s traders have come to realize that online trading revolves around two crucial issues – execution and analysis. Brokerage firms focus on the execution and stability of their trading platforms as that is their core competency. Trading platforms, like our dt Pro, have great execution and stability, and also have terrific charting and analysis. However, for traders looking to shift their technical analysis into overdrive, there are developers that specialize in charting and analytics that can complement a trading platform. The major categories of these analytical developments can be broken down into charting, trading strategies, and price/volume analysis. Our dt Pro platform is compatible with many of the industry leading charting and analysis packages on the market today.
For some traders, charting is the most essential tool when evaluating a trading idea. Many third party charting vendors offer a wide range of technical indicators and chart drawing tools that may not be available on execution platforms. For traders who are primarily focused on technical indicators and chart patterns, having a robust software package that is primarily built for analysis can be a major benefit. dt Pro is compatible with eSignal, MotiveWave, MultiCharts, NeoTicker, Sierra Chart and Trade Navigator. Finding the option that works best for you comes down to the personal preference of the trader and what they find most useful.
Strategy based software services have become very popular since the introduction of electronic trading. There are three types of strategy services on the market today, which are all available with our dt Pro trading platform. The first type of strategy service is software that generates charts and signals for specific markets that the trader can choose to execute on his or her own. Providers like AbleSys aim to give traders an edge by providing executable signals through their AbleTrend service. The second type of strategy service is the automated trading system provider. Companies like Collective2 allow developers to post and run their systems through their web site. Traders and investors can then evaluate those developers systems and decide if they want their account be part of that automated system trading. The third type of strategy service is catered to traders who want to develop their own systems. Providers like SmartQuant and RightEdge provide the tools for developers to design, develop and back-test their strategies and systems.
In addition, volume and price analysis, such as MarketDelta’s Footprint Charts and Market Profile, have become very popular over the past few years. Traders are able to analyze price, volume indicators and trends directly on the trading platform. MarketDelta Trader is a Footprint DOM that you can trade through and it can be integrated with our dt Pro software.
Daniels Trading strives to offer our clients the best in execution and analysis. For excellence in execution, we have dt Pro. dt Pro has some great analytics, but for traders who are looking for more horsepower, we have the top 3rd party software for charting, strategy and trading. Many are available for you to demo today and even let you try their software risk free!
Are you looking for an edge with your software? Click here to try these excellent analytical tools here today.