What's worth doing is worth doing for money... Afterall, Peaktrader is a business. See one. Do one. Teach one. Is a bit different than buy a program that does it for you...
From what I've seen it looks like it just has the indicators we use programmed but not an automated system - except for trendline or formation TL automation. I heard they still have some more work to do. So basically your paying for not having to code this stuff yourself, and having it all on one program. Can't really see people starting out using it at that cost, but later on it might be worth it. No one has mentioned if $200 includes datafeeds. BTW, are you still using AmiBroker? Does it do all the Hershey indicators, ES as well as stocks?
While I'm all for hiking up a skirt ... I think the primary point is being missed here. We saw the debut of Peak Trader Pro at the Expo and while they are on the right track, I'm afraid too many people are thinking that a software package is going to teach them the Jack Hershey Method. This ain't gonna happen! It's not about software, it's about seeing how the market unfolds in a sequence that repeats itself over and over. Virtually any capable charting program is sufficient to trade the Hershey method. Having a package that is geared specifically towards the JHM is nice, but again, it's not about software. That's my two cents. WGTrader
Is this the software that spyder was testing out a little while back? auto annotations and what not. btw, shouldn't jack be outraged about this? Somebody sellin his shit.. A Revolutionary Approach to Day Trading · 30 years of documented research · Trade in both calm and turbulent market conditions · Based on price, volume and the ability to differentiate between continuation and change
I would have to agree with WGTrader. Software is not going to make one see the market any better. I can see how someone like Spyder may benefit from having some of it automated, but I have to wonder if someone at my current skill level might gain more by doing the annotations manually to aid in the process of getting this stuff in sports memory. I expect more information soon from an inquiry about the software. For now I can share the following. "monthly software fee will be between $100-250. Commissions for trading are $4.50 per trade all in, which includes all fees. Datafeed is realtime, direct and we give you a Quote board with realtime data for all markets. " I have no idea if one will be able to use it for equities also or if it is limited to the setup we have seen screenshots of.
As Sidney Harris remarked one time, "Could you be a bit more specific?" Also what is a predictable turning point? Prediction is not to be found in the JHT/JHM lexicon. lj
Thanks for the info. Surprised you recall Amibroker! I've moved on to QuoteTracker for charting - trading FX through MBTrading. FX doesn't have volume, pro rata volume or applicable DOM. So the process is more price/channel heavy then SCT for ES. On the flip side, FX is more 'trendy' (many 4 point trends and volatility expansions). ES, from the looks of it, trades mean reverting - plenty of 1-2-3 channels that FTT and turn the other way. Same idea, just a different flavour. i think any trader could adjust accordingly. Good trading.
That makes sense. The question then becomes - what level of functionality does Peaktrader intend for its software? I suppose time will tell.