The qualities of both the Futures and Forex Trademiner platforms are quite similar so many of the qualities mentioned here are contained in those packages too, despite the fact that this review focuses completely on Trademiner for stocks. Trademiner enables you to dig through years of historic stock price data, of all the shares that are listed in the S&P 500, the Dow 30, and the Nasdaq 100. In addition, the applications will sort though this information and help let you know what to trade and when to trade it, with the features of the trade being specified by you. By enabling you to readily assess the historic cost data of these actively traded stocks you’ll have the capacity to rapidly uncover tendencies and cycles that match your search criteria. The layout of the software allows you to begin and, after a brief while, the easy-to-use format enables you to browse the software fast and simply. It has everything that’s needed to fast sort through substantial quantities of information and uncover investment opportunities, despite the fact that the software comes with a fairly basic layout, which makes it simple for anybody to use.
In addition to being very instinctive, the software is likewise very easy to use. The information that you input is really in paragraph format, which makes it simple to type in your desired search criteria. As an example, an average search would appear something similar to this (with the data in bold being the standards)… “Prospect for trades in the Month of: April. Find trades that win at least 95% of the time, showing Purchase. Mine at least 15 years of history. Dig Now!” You can “dig” through the information according to which month you’re looking to locate opportunities, what length of trading interval those opportunities should be, and what kind of order you’re looking, along with the chance of that trade being a successful trade. Along with searching for any stock within a particular month, you may also mine a particular stock to discover when the best time to trade that stock is, historically. There are two basic measures to the mining process and there are also two basic screens, which comprises the “mine” tab and the “portfolio” tab.
The “mine” tab is really where you input your criteria, as demonstrated in the preceding example, and where you obtain your results. The results are rated based on the individual score of every trade with the greatest trades showing up first. You are able to sort the results by the kind of position you’re seeking to take (i.e., purchase or sell), the stock symbol of the trade, the enter/exit dates of the trade, and several other significant trade features. At the bottom of every tab you can click through three separate graphs, based on which trade you presently have highlighted. These three graphs contain an equity curve showing the historic yield features of the trade, a histogram with yearover – year profit and loss data, along with a pie chart that shows the average benefit and average risk of the trade. So the transactions were ranked in descending order with the most successful transactions listed first to be able to locate the most successful transactions I sorted the results. You may also sort the results by some of the other 31 criteria so you can instantly filter through the results and find the trades your investment criteria.
Looking around to the “Score” column, and seeing multiple trades with green dots (which is the colour of the highest graded trades and, incidentally, makes it really simple to locate the most lucrative trades) and just a few with score of 5 (which is the highest numerical score potential), I can immediately see there are lots of short-term trades to decide from. I was able to discover 8 trades which were spread out throughout the whole month, that will be loads of trades for me since I tend to truly have a focused portfolio with just a couple of trades at a time, with five being “Purchase” (long) positions and three being “Sell” (short) positions. In the “Step 2: Portfolio” tab I’m now able to print either comprehensive advice on each trade or just a brief outline of all the individual trades that met my standards. That’s it! In a little less than 5 minutes I now have comprehensive information on 8 trades, which I’ll trade in the month of May, that have a historically high chance of succeeding.
Additionally, there are 2 more significant tabs that I should quickly mention. The final tab is the “Education” tab and once you select this tab your browser will open and you’ll have access to education content from the Trademiner site. This is undoubtedly a really useful attribute of the applications, since instruction is among the most significant characteristics of successful investing and it’s also contained in all of the Trademiner programs. Trademiner for stocks, especially, has multiple training videos to assist you begin, multiple educational videos, audio interviews with a few of the best dealers ever, educational PDF lessons, web seminars, and a Trademiner guide which makes it simple to immediately learn the applications within and outside.
To sum up, Trademiner is a fantastic tool for any dealer who’s looking to obtain a advantage by mining through substantial quantities of historical stock information, assessing trends and cycles, as a way to locate prospective trading opportunities. Although the TradeMiner app is dependant on complicated mathematical formulas that enable the application to swiftly mine, form, and arrange large quantities of historic data, the straightforward interface makes utilizing the application so easy that everyone can quickly learn how exactly to browse the application and be locating winning trades in nearly no time whatsoever. By giving each person the ability identify the industry trends and cycles that have a tendency to repeat themselves over time, the TradeMiner software is undoubtedly a must have for any dealer, from beginning dealers to experienced professionals, who’s looking for a statistical advantage in the markets.