A crucial part of your trading is the selection of charting software, together with the data feed that you require to drive it. There are a myriad of choices, as any search on the Internet will reveal.
Bearing in mind that you will be using your trading platform all the time, and that your trading capital will be significantly more than its cost, it does not make sense to skimp on this particular tool.
Most major charting packages will allow you to download and use a demonstration version for a period, and once you have narrowed down the features that you require, I encourage you to do that for two or three of the candidates.
Currently all of NetPicks’ trading solutions are compatible with these platforms: NinjaTrader, Tradestation, eSignal, and MetaTrader4 and 5. Choosing a charting platform is a personal decision. Please evaluate the following and decide which is best for you.
FEATURED CHARTING PLATFORM
NetPicks is pleased to offer the NinjaTrader platform to our clients for many reasons but one main reason is that you can get started with NinjaTrader for Free! You could easily pay hundreds of dollars per month for products with less functionality but with NinjaTrader all you need is access to a real-time or historical data feed based on your requirements and their advanced charting, market analytics, system development and trade simulation can be used for Free!
NinjaTrader has excelled in the area of trade management with its innovative Advanced Trade Management (ATM) technology which protects your open positions through predefined strategies that you create which semi-automates stop loss and profit target brackets on order entry, trailing stops, auto-breakeven stops, and much more…
NinjaTrader is an end to end strategy development and automated trading platform. Develop your strategy concept, construct it, historically test it, optimize it, live simulation test it and then live deploy it all through your account.
Read more about NinjaTrader’s many powerful features and how it can enhance your ability to effectively trade the markets.
More Charting Solutions
TradeStation provides you with charting and alert capabilities. There are no limits on the number of bars you can have on a chart, so you can make full use of TradeStation’s extensive historical database to chart enormous amounts of bars when testing trading systems. And that’s just the beginning. TradeStation offers you customization features designed to give you unprecedented charting flexibility, including:
- Advanced Custom Charting
- Custom PaintBar & ShowMe Studies
- Multi-Data Charts
- Intelligent Drawing Tools
- Custom Indicators with Alerts
MetaTrader4 is a free-of-charge program specially designed for online trading in the Forex market. The built-in technical indicators allow you to analyze securities’ quotes and usage of automated trading strategies.