David.
Seems your looking for software that has the ability to select your trades.
All you need to do is place the trade and do as the software says,Buy Hold Or Sell.
Your asking for something distinctly different to that which "Shares" Magazine lists
This is known as a BLACK BOX where you make some of the decision yourself its known as a GREY BOX.
With a Black Box you have absolutley no idea how or why the software selects a trade or rejects it.Nor do you know why it holds it or sells it.
As WAYNE has pointed out these BOXES will use technical analysis to "Find" the trade Prospects and select from programmed criteria what you should do.
As a Designer,Developer and trader of Mechanical trading methods I have spent a few enjoyable hrs at presentations of BLACK BOX software.
Im the guy the sales spruker hates!!
Most sit gummly and watch the presentation of various charts with Oscillators/Moving averages,Fibonacci Levels---Parrot droppings and or some smudged lipstick---in total AW!!
Ive seem whole rooms Bug Eyed singing Praise the Lord the holy grail is found!
They have absolutely no idea what they were looking at their desire to push a button to riches turned normal rational men and women into moronic sheep.
Normally in question time you should as I do ask!
(1) What is the methods positive expectancy?
(2) What is its normalised expected $return.
(3) What is the test period and on which markets (Is it specific to a market).
(4) What is its historical longest string of losses.
(5) What is its historical initial Drawdown.
(6) What is its Maximum Peak to Valley Drawdown.
(7) Do I have to take EVERY TRADE?
Finally. CAN YOU GUARENTEE I WILL BE CONSISTANTLY PROFITABLE following the software.
If Im not and I supply you my brokers trading account WILL YOU REFUND MY MONEY
Ahh the look of joy in the sprukers eyes just warms the heart!
Ok there are a few fully disclosed methods.
3 I know of.
One of Mine
TechTrader which is a method traded live on the net for the last 2.5 years and has returned 430% on money invested in that time (Its a Margin Lending Method) You will need Software to Run it and that of "Steves" method.
There are over 300 pages of its developement and explaination all posted on the forum I frequent and desighned it on. I have a Disk with Most of it on If you would like a copy FREE Ill send you one by Snail Mail
rwi@chaiot.com.au address it TechTreder disk.
Don who posts here (Rosella) who has been trading it on the same site for the last 6 mths and has just reported a 50% return in that time.Its a Dividened trading method.
Steve
Who designed Steves Weekly Trading method and although not traded on the net I have tested the method and it is profitable---infact I developed a Weekly Method fror myself based around Steves.Youll find info on that with a seach in REEFCAP.
If anyone knows any others Id love to look at them.
Now to Stage 2
Youll need Software (analysis tools) and a Data Provider.These are "Some" of the suggestions in Shares.Infact there is only one I used(As a tester during developement) and that is BULLCHARTS.Which is realtime software which has some tremendous Features but limitations also.
Best Value Software in my veiw is AMIBROKER I dont use it but know many who do.Its Cheap (around $200) Many use it so you can get lots of support--the developer is always upgrading--blah blah.Will do MORE than you want and take (Like all software) a few Years to learn to Drive Proficiently..
Other have coded Techtrader for Amibroker and Ive heard a few other codes have been designed for Tradestation.
What do I use.
Metastock (around $900) But V7.2 as the later versions 8 and 9 are full of Bugs and like a truch to drive.You could by a version from Ebay at around $200.I use it cause thats what Ive used for 10 yrs and does all I want.
TRADESIM is linked to METASTOCK for systems developement and is in my mind arguably the best software on the market for this sort of work.Its dexterity is awsome.Has Montecarlo Analysis which is a must in my veiw.
$1500 last I heard.
MARKETCAST Live SBS feed ticker and software on my desk at the office.
One of the best live feed platforms I have seen Tick charts to 1,2,5,10,min etc Charts.Rudimentary charting package.Although I dont need it as I trade longterm an mechanically its a luxury I indulge in.
$390 setup I think it was and $148 a mth.
BULLCHARTS is the best platform from a technical and a Fundamental perspective,just awsome but no system design and test capability.If your short term discretionary tick chart trader this IS for you.Includes data feed
$890 and around $150/mth for feed.
DATAFEED.
BODHI (Just Data) stand alone in my veiw I have 7 feeds of EOD data for ASX NYSE,FTSE,PARIS,KUALA LUMPA,DAX,SINGAPORE.
ONE OF FEE for Life ($695).
The links.
Youll find all of them here.
http://lightning.he.net/cgi-bin/sui...w+My+Trade&number=8&DaysPrune=1000&LastLogin=
So we will see you in a few years when youve finished reading and another few when your off your "L" plates.
ENJOY.