If you are a day trader, you need a platform that will deliver live,
streaming data as trades happen and real-time trading alerts for your intraday
models. To gain an edge, you would like to utilize state-of-the-art artificial
intelligence technologies that learn from historical intraday data to more
accurately predict the future direction of securities. If this describes your
needs, then TradingSolutions Real-Time is the product for you.
In addition to all of the capabilities that make TradingSolutions End-Of-Day
so popular among swing traders, TradingSolutions Real-Time allows you to develop
intraday models for day trading. These models can be based on 1-minute bars, 1-hour
bars, or any periodicity in between. Once you have developed and backtested your
intraday models, you can trade them in real-time using streaming data from
either the eSignal or IQFeed data service. Whenever a new signal is generated by
one of your models, a trading alert will immediately appear so that you can take
advantage of the opportunity before its gone!
TradingSolutions Real-Time is NOT just for hard-core day traders. It is for
anyone who wants to obatin the following advantages associated with intraday
- Reduced Risk - Most people think of day trading as being more
risky than swing trading. For those day traders that exit their positions at
the end of the day, their risk is greatly reduced because they are not
exposed to any losses due to overnight events. Also, potential losses due to
events that occur during the trading day can usually be minimized with the
use of stop loss orders. TradingSolutions enables you to simulate stop loss
trades when backtesting your models.
- More Accurate Models - When developing intraday models, the data
does not need to go back as far into the past since there is much more data
to work with. This allows you to model the current dynamics of the security
you are trading, which tends to produce more accurate signals. The accuracy
of intraday models is also helped by the fact that price changes that occur
during the trading day tend to be mostly technical in nature and less due to
external events such as earnings announcements.