"To own the software - $295 + $30 per month for on-going support for the software / data." that doesnt sound bad at all price wise for what it does. i guess what i dont understand still how do you interface your trades with the software?
Quote from DLADLER: http://traderdna.blogspot.com/ ________________________________ Thanks for the link to the blogspot, lots of good stuff. Thought you did such a good job here I will check out your software. H.
On the retail level, the filled trade data we require is exported from your front-end software that you use to place orders, and saved as an Excel file. Most order-entry softwares have an option that lets you create an Excel file with such data. That Excel file is then uploaded into TraderDNA. In the event that your software won't create an Excel file with the data, it is likely that such values can still be displayed within your software on the screen. They can then be cut and pasted into an Excel file. On an institutional level, we get the data from a firm's data processing or IT . The traders and/or manager can then view the analysis without anyone having to interface with loading data. Thank you. Probably not any time in the near future (referring to equities analysis). TraderDNA was created with a pure focus on futures trading. Everything that went into the design and certain things we measure for are specific to futures trading, and of particular value to futures traders of all types and especially to guys that trade frequently (5+ round turns a day). We've thought about equities and forex but our plate is quite full right now so it is unlikely that we will get to it this year. Thanks Helgen. Glad you found it useful. Yes, the traders and firms that use our analysis take their trading very seriously. My personal belief is that such analysis is not only valuable but should be an essential part of a trader's routine. What's funny is a lot of times when things go south a guy might haphazardly reassess his system, start looking at different indicators, trade different markets, different time frames, etc., and basically do everything other than what he should be doing in examining what went wrong. If a guy trades, he has the data. Why not do something useful with that data and turn it into valuable information so you can truly understand what EXACTLY went wrong. It's analogous to a basketball team that has lost 9 out of the last 10 games to a certain other team and after every loss, instead of watching tape, they blindly decide that the answer is to play more zone defense, press more, shoot more from the perimeter, etc... They change their style of play without consulting the tape. Teams watch tape on their opponents, as a trader should watch tape on his past trading by putting all of that fill data that was documented to good use. If I ask you what went wrong in your trading in any given trade, day, week, or other period of time you will answer what you think is the answer but really what you are doing is accessing a selective short term memory that will come up with a reason that might not be true. There could be many reasons for a day turning out to be a loser. It is important to have something objective and with the capabilites to drill down and see WHY EXACTLY things happened with respect to your P/L. Then you can arm yourself with more insight and knowledge about your own trading performance so as to capitalize on situations that have historicaly shown you profit, and more importantly, avoid trading in situations that have traditionally caused losses and see a loss coming before you get an instinct to trade something.