Cool trade

Discussion in 'Retail Brokers' started by minmike, Jul 14, 2006.

  1. minmike


    I was wondering if anyone has any experience with company cool trade? Everything sounds great, cost are low, but they don't really describe how it works actual features etc. Seems like a lot of buzz words, with no real info to back it up. Anyone have any experience with it?

    No I have no vested interest in the company or other motivation.
  2. edbar



    The CoolTrade fully automated / robotic stock trading software is now FREE for TD AMERITRADE account holders, so now you can try it without even having to pay for the monthly subscription fee.
  3. I use CoolTrade to trade stocks...I have four accounts, two IRA and two margin accounts. The TDAmeritrade account is free, the other two are 40-50/month...pretty cheap for autotraders.

    CoolTrade only trades stocks at this time, but they are going to add options and futures soon.

    There are the normal indicators available, but I like the stuff unique to CoolTrade the sector indicators, index movement and futures indicators.
  4. GTC


    Well... it is one of the slowest Autometed Trading systems even for the simple strategies that do not involve any Moving Average calculations. The people I know used Cooltrade as well as other AT systems, also agree on its slowness. They claim thousands of customers, but their Forum is still not very active overall. ["sternforpres" handle is one of its very few active Forum members.] According to its own Forum, the people are losing money because CoolTrade thinks it is buying and selling stocks at certain price; but in reality the executions are taking places significantly far away from it. It appears that they have been saying they will support more than stocks since 2006 if not earlier--but it still has not come true.